October 23, 2025: Mumbai’s real estate market in 2025 continues to highlight the city’s deep economic divide, where record-breaking luxury deals coexist with shrinking affordability. Earlier this year, a sea-facing Worli apartment sold for over Rs 600 crore — nearly Rs 3 lakh per sq ft — while in Dahisar West, a 235 sq ft studio apartment fetched Rs 62 lakh, underscoring how steep homeownership remains even in budget-friendly areas.
Recent data from Zapkey.com shows that Rs 50–60 lakh now buys barely 200 sq ft in Mumbai, even in peripheral areas. In Dahisar West, the 235 sq ft studio was sold at Rs 26,000 per sq ft. Similarly, in Dadar, a 160 sq ft studio went for Rs 49 lakh — over Rs 30,000 per sq ft. In the eastern suburbs, a 259 sq ft unit sold for Rs 68 lakh, while in Bandra West, a 270 sq ft studio fetched Rs 83 lakh at over Rs 30,000 per sq ft.
According to local brokers, studio apartments are increasingly sought after by singles and young couples looking for compact ownership options within 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.
Developers often construct smaller units to meet approval norms for affordable housing. Even Bollywood actor Abhishek Bachchan’s recent Borivali purchase included two 252 sq ft studio apartments — reflecting how compact homes continue to find buyers across income groups.
Source: Hindustan Times
