Marked by improved supply and price resilience, Western India’s housing markets enter into new year with steady, end-user led momentum. 

Despite seasonal demand moderation, residential markets of Mumbai, Navi Mumbai, Thane and Ahmedabad recorded supply expansion and price persistence in 2025. 

According to Magicbricks Propindex Report, Mumbai saw demand decline by a relatively modest 4.1 per cent quarter-on-quarter during OND 2025, while housing supply rose by 3.8 per cent, reflecting continued redevelopment-led additions. Residential prices increased by 2.1 per cent over the quarter, supported by sustained buyer interest in micro-markets such as Malad–Kandivali, Borivali–Dahisar, Andheri West–Jogeshwari West, Goregaon and Mulund, which continue to benefit from metro expansions and improved intra-city connectivity.

Outperforming broader market trends, Navi Mumbai recorded a 2.0 per cent quarter-on-quarter rise in demand, even as supply growth remained measured at 2.6 per cent. Price momentum was the strongest among western markets, with residential rates rising 4.7 per cent during the quarter. Panvel, Kharghar, Taloja, Airoli and Vashi emerged as the most active micro-markets, driven by the Mumbai Trans Harbour Link, progress at the Navi Mumbai International Airport and expanding metro connectivity.

The key residential market of Thane demonstrated relative demand resilience, with demand declining by 5.2 per cent quarter-on-quarter, lower than the national average. Supply rose by 5.1 per cent, while prices increased by 0.8 per cent, indicating stable absorption. Activity was concentrated across Ghodbunder Road, Majiwada, Kolshet, Western Thane and Dombivli, supported by metro line extensions and key road infrastructure upgrades.

Ahmedabad witnessed   supply growth outpacing demand, with 17.0 per cent quarter-on-quarter decline while supply increased 3.5 per cent. Despite this, residential prices rose 2.2 per cent during the quarter, reflecting sustained buyer interest in affordable and mid-segment housing. Bopal, SG Highway, Chandkheda–Motera, Prahlad Nagar and Satellite remained the most active residential micro-markets, supported by infrastructure-led expansion and transit-oriented development.