Navi Mumbai’s property market is witnessing a historic upswing, with the city poised for a transformative phase following the inauguration of the Navi Mumbai International Airport (NMIA).

According to the latest PropIndex report (July–September 2025) by Magicbricks, average property prices in the city have surged by an impressive 43.26% over the past two years—from ₹9,981 per sq. ft in Q3 2023 to ₹14,299 per sq. ft in Q3 2025—underscoring its rapid evolution into one of the most dynamic real estate destinations within the Mumbai Metropolitan Region (MMR). In the last two quarters alone, prices have jumped +15.0%, underlining the city’s emergence as a high-growth investment corridor.

During the last quarter, with the news of the new airport starting soon had taken the buyer demand to rise +6.4% quarter-on-quarter (QoQ), while supply declined –10.7% QoQ, underscoring heightened competition in a tightening market. As a result, property prices surged +5.0% QoQ and +26.1% year-on-year (YoY), reflecting continued buyer confidence and limited inventory.

This momentum is fuelled by major infrastructure projects including the operational Mumbai Trans Harbour Link, expanding metro networks, and the now newly inaugurated NMIA, which together have unlocked large swathes of previously underdeveloped land for residential expansion.

Commenting on the findings, Prasun Kumar, CMO, Magicbricks, said, “The inauguration of the Navi Mumbai International Airport marks a turning point for the city’s real estate market as it is entering a sustained growth phase. Infrastructure-led expansion, coupled with strategic urban planning, strong buyer-confidence and a balanced mix of affordability and lifestyle living, is set to further boost demand and strengthen the city’s appeal as both a residential and investment destination in the years ahead.”

The report also observed that the demand continues to centre around 1 and 2 BHK homes, which together capture 87% of total buyer interest, while 56% of buyers prefer homes priced up to INR 75 lakh, reaffirming Navi Mumbai’s strength as an affordability-driven market. Popular micro-markets such as Panvel (₹14,400 psf), Kharghar (₹16,900 psf), and Taloja (₹9,500 psf) have emerged as top choices, attracting first-time buyers and investors alike.