September 5, 2025: Mumbai’s residential property market continued to make headlines in 2025, led by the sale of a luxury apartment in Worli at nearly Rs 3 lakh per sq ft, valued at more than Rs 600 crore. Despite such record-breaking deals, the two-bedroom (2 BHK) apartment remains the most preferred choice, accounting for the largest share among homebuyers.
In South and Central Mumbai, among the city’s costliest regions, 2 BHK homes are priced between Rs 3 crore and Rs 10 crore in neighbourhoods such as Malabar Hill, Breach Candy, Lower Parel, and Prabhadevi. These areas attract high-net-worth individuals (HNIs) and non-resident Indians (NRIs) seeking premium amenities, sea views, and spacious layouts.
The western suburbs, including Bandra, Andheri, Goregaon, and Borivali, continue to register the highest transaction volumes. Here, 2 BHK units typically range from Rs 2 crore to Rs 6 crore. “While Bandra and Andheri command higher prices due to connectivity and lifestyle, Dahisar, Borivali, Kandivali, and Malad remain relatively more affordable, with prices between Rs 2 crore and Rs 4 crore. Newer towers here often include landscaped gardens, gyms, and children’s play areas,” said Jay Talathi, a real estate consultant.
In the eastern suburbs such as Chembur, Ghatkopar, and Mulund, 2 BHK flats are priced between Rs 1.5 crore and Rs 3 crore, with developers highlighting improved metro connectivity and township-style living. Meanwhile, Thane, Mira Road, Bhayander, and Ghodbunder Road offer more accessible options, ranging from Rs 80 lakh to Rs 2 crore.
According to Knight Frank India, 96% of the 47,035 primary housing units sold in the Mumbai Metropolitan Region (MMR) in the first half of 2025 were priced below Rs 5 crore. Data from MahaRERA further shows that in 2024, nearly 60% of new launches were 1 BHK and 2 BHK apartments, underscoring the enduring popularity of compact homes.
Source: Hindustan Times
