January 6, 2026: Mumbai’s residential landscape is entering 2026 on the back of strong premium housing demand, rapid redevelopment, and a sustained infrastructure push spanning metro lines, highways, and new growth corridors. Industry experts say homebuying activity in the Mumbai Metropolitan Region (MMR) is increasingly gravitating towards locations where large-scale infrastructure projects are improving connectivity, cutting commute times, and unlocking fresh land for development.
Major projects such as the Mumbai Trans Harbour Link (MTHL), multiple metro corridors, the Coastal Road, and the Navi Mumbai International Airport (NMIA) are expected to play a decisive role in shaping residential supply and pricing trends over the next few years. These upgrades are not only influencing end-user choices but are also drawing long-term investors seeking capital appreciation and rental stability.
“Homebuyer interest in 2026 is likely to concentrate in micro-markets where infrastructure rollout coincides with available land parcels. Key beneficiaries include Parel and Sewri, as central Mumbai opens up following major infrastructure upgrades, along with Vikhroli and Wadala, where large land parcels are being unlocked,” said Ritesh Mehta, Senior Director and Head (North and West), Residential Services and Developer Initiatives, JLL India. “Navi Mumbai, especially the Panvel belt and areas around the Navi Mumbai International Airport, will emerge as a major growth corridor,” he said.
“Overall, infrastructure remains the primary catalyst shaping homebuyer preferences and future residential supply in 2026 and beyond,” Mehta said.
1) Parel–Sewri belt: Central Mumbai’s redevelopment momentum has accelerated with the Atal Setu and the upcoming Sewri–Worli Connector. Apartment prices range from Rs 40,000–50,000 per sq ft in Parel and Rs 20,000–35,000 per sq ft in Sewri.
2) Vikhroli–Wadala belt: Redevelopment along the Eastern Express Highway and MMRDA’s plans to expand BKC into Wadala are opening new residential opportunities. Prices range between Rs 20,000–30,000 per sq ft in Vikhroli and Rs 20,000–45,000 per sq ft in Wadala.
3) NMIA belt: Panvel, Ulwe, Taloja, Kharghar, and Vashi remain among the few MMR locations offering 2BHK and 3BHK homes under Rs 1 crore, with average prices around Rs 8,700 per sq ft.
4) Western suburbs: Borivali, Kandivali, Malad, and Goregaon continue to benefit from metro connectivity and the Coastal Road, with prices between Rs 20,000 and Rs 50,000 per sq ft.
5) Mira Road–Bhayandar: Set to gain metro and Coastal Road links, this northern belt offers relatively affordable housing at Rs 10,000–20,000 per sq ft.
Experts advise investors to watch for oversupply risks, infrastructure delays, and high maintenance costs, while focusing on RERA compliance and long-term fundamentals when making 2026 investment decisions.
