December 31, 2025: Mumbai’s real estate market in 2025 witnessed a steady entry of developers from Bengaluru, Hyderabad, Chennai, Delhi-NCR and Pune, with several launching projects during the year and others preparing for entry in 2026. High property prices, limited land availability and the scale of redevelopment opportunities have made Mumbai an attractive destination, particularly for large developers seeking urban exposure without large land purchases.
Redevelopment has emerged as the preferred entry route, offering quicker project timelines and stronger project economics compared to other metros. Developers are increasingly opting for partnership models with local players to manage execution risks, navigate approvals and leverage established brands. According to experts, this trend is expected to continue as large housing societies prepare to tender land and policy incentives support redevelopment activity.
Several national developers expanded their footprint in 2025. In July, DLF, in partnership with Trident Realty, launched a luxury project in Andheri West comprising 416 apartments across four towers, with an investment of nearly Rs 900 crore. Around the same period, Hyderabad-based Ramky Estates and Farms entered Mumbai through a 1.5-acre slum redevelopment project in Chembur.
Bengaluru-based Prestige Group and Puravankara also scaled up in the Mumbai Metropolitan Region. Puravankara acquired a redevelopment project in South Mumbai, while Prestige Estates announced a project in Mira Road, launched new phases in Mulund and introduced a luxury residential project in Central Mumbai. In October, Jaipur-based Manglam Group marked its entry into Mumbai with a redevelopment acquisition in Borivali.
In November, Sobha Limited launched its first Mumbai project, Sobha Inizio, a one-acre development with 310 residences along the Eastern Waterfront near Atal Setu. Market sources indicate that a Chennai-based developer is likely to enter Mumbai in 2026.
“Mumbai’s housing revival has attracted large-scale developers from Bengaluru, Delhi-NCR and Hyderabad. Redevelopment provides them with faster entry without locking capital into land, and project economics in this area outperform those of other metros. Expect this momentum to continue in 2026 as large societies tender out land and incentives support redevelopment. The presence of these brands will deepen supply and sharpen competition at the top end,” said Vivek Rathi, National Director-Research, Knight Frank India.
A Knight Frank India report estimates that 44,277 apartments worth Rs 1.30 lakh crore could enter Mumbai through redevelopment by 2030, with Borivali, Andheri, and Bandra emerging as leading micro-markets.
