Mumbai 2025 Real Estate: Sky-High Luxury, Shrinking Space

Mumbai’s real estate market in 2025 continues to capture the city’s dual realities — where record-breaking luxury transactions coexist with shrinking affordability for the average homebuyer.

Earlier this year, a sea-facing apartment in Worli made headlines with a jaw-dropping price of Rs. 600 crore, translating to nearly Rs. 3 lakh per sq ft, reaffirming Mumbai’s position as India’s most expensive property market. At the opposite end, in Dahisar West, one of the city’s last relatively affordable pockets, a 235 sq ft studio apartment sold for Rs. 62 lakh — about Rs. 26,000 per sq ft, according to Zapkey.com data.

Key Highlights

• Dadar — 160 sq. ft. for Rs. 49 lakh
• Eastern suburbs — 259 sq. ft. for Rs. 68 lakh
• Bandra West — 270 sq. ft. for Rs. 83 lakh

Even smaller homes aren’t immune: a 160 sq ft Dadar apartment fetched Rs. 49 lakh, while a 259 sq ft flat in Mumbai’s eastern suburbs sold for Rs. 68 lakh. Luxury locations continue to soar — in Bandra West, a 270 sq ft studio recently went for Rs. 83 lakh, over Rs. 30,000 per sq ft.

According to local brokers, studio apartments have emerged as a practical choice for young professionals and newly married couples who want to own property within the city limits.

“The supply of studio apartments is extremely limited. In luxury projects where such units are built, they are usually sold as an add-on to larger 3 BHK or 4 BHK apartments, often used as a pooja room, study, staff quarters, or home office,” said Ramesh Nair, a real estate consultant from Mumbai’s western suburbs.

Also Read: Bandra Bay: Mumbai's Next Luxury Waterfront Capital

Yet, these compact homes — often no larger than a hotel room — underscore Mumbai’s deepening housing paradox: record demand, limited supply, and rising inequality.