Mumbai's residential market continued to show a clear preference for spacious homes in 2025, with 3BHK apartments accounting for a larger share of new supply, even as overall project launches slowed. Data from the Maharashtra Real Estate Regulatory Authority (MahaRERA) highlights a sustained shift in buyer priorities toward bigger configurations.

In 2025, Mumbai recorded 42,643 housing unit registrations, of which around 18% (7,963 units) were 3BHK homes. This marks a notable increase from 2024, when 3BHKs formed 15% of nearly 70,000 units launched. The rising share points to steady end-user demand for larger living spaces, despite a broader cooling in the pace of new launches.

Among all micro-markets, Oshiwara and Jogeshwari together led 3BHK registrations, with 739 units, accounting for nearly 10% of the city's total 3BHK supply in 2025.

Other prominent locations included:

• Bandra East: 392 units
• Vile Parle West: 391 units
• Chembur: 389 units
• Mulund West: 330 units
• Kandivali East: 327 units

Collectively, these areas contributed about 32% of all 3BHK units registered in Mumbai during the year.

While demand for larger homes strengthened, 2BHK apartments remained the most common configuration. In 2025, Mumbai saw 14,201 registrations of 2BHK homes, representing 33% of all housing units registered during the year.

Key locations for 2BHK launches included:

• Oshiwara: 896 units
• Sion (near BKC): 729 units
• Azad Nagar, Andheri: 703 units
• Kandivali West: 612 units
• Malad West: 561 units
• Dahisar: 547 units

Together, these neighbourhoods accounted for around 28% of the total 2BHK supply in 2025.

• Home prices varied significantly across areas with high concentrations of 2BHK and 3BHK launches. In Oshiwara, apartment rates typically ranged between ₹30,000 and ₹40,000 per sq ft. Bandra East commanded higher values, averaging ₹40,000 to ₹70,000 per sq ft, while Vile Parle West saw prices in the ₹40,000-₹45,000 per sq ft bracket.
• In Chembur, rates were generally ₹25,000-₹35,000 per sq ft, while Mulund West and Dahisar recorded prices of ₹20,000-₹30,000 per sq ft. Kandivali East apartments were priced between ₹30,000 and ₹35,000 per sq ft, and Andheri West witnessed a broader range of ₹25,000-₹40,000 per sq ft.

Despite the evolving preference for larger homes, Mumbai's residential market saw a sharp decline in overall supply during 2025. New housing launches fell to a five-year low, with 42,643 units registered, a steep 40% drop from 70,892 units in 2024.

Project registrations also softened. The city recorded 689 new project registrations in 2025, reflecting a 5% decline from the previous year. For context, Mumbai had registered 66,941 units in 2023, 76,472 units in 2022, and 54,736 units in 2021, underscoring the scale of the slowdown in 2025.

Even as overall launches cooled, the rising share of 3BHK apartments indicates that buyers are increasingly prioritising space, flexibility, and long-term liveability. This trend suggests that future supply in Mumbai may continue to tilt toward larger configurations, particularly in well-connected suburban micro-markets, even if the pace of new project additions remains measured.

Despite a sharp slowdown in overall housing launches, Mumbai's residential market continued to reflect a clear shift in buyer preferences toward larger living spaces in 2025. The rising share of 3BHK apartments, even amid reduced supply, underscores sustained end-user demand for homes offering greater space and flexibility. As developers recalibrate new launches and buyers prioritise long-term liveability, larger configurations are likely to remain a key feature of Mumbai's evolving housing landscape.