Mumbai’s real estate market is entering a new phase shaped by improved connectivity, better-quality housing and growing buyer expectations, according to Mukesh Singh, Chief of Sales at Rustomjee Group.
Singh said the western region remains a major contributor to India’s property sector, with Mumbai and the wider Mumbai Metropolitan Region (MMR) witnessing a shift towards multiple residential and commercial growth centres. Infrastructure projects, employment hubs and expanding transport networks are strengthening established neighbourhoods while creating emerging housing destinations.
Mumbai recorded 12,622 property registrations in September 2026, marking a 5% annual increase and its strongest September performance in over 14 years. Registrations during Ganesh Chaturthi reached 5,379, up 22% year-on-year, reflecting sustained housing demand.
According to Singh, buyers are increasingly prioritising spacious layouts, functional amenities, privacy, open spaces and reliable construction. Connectivity and a locality’s development potential over the next five to ten years are also influencing purchasing decisions.
He highlighted infrastructure-linked developments such as Rustomjee Ozone Skye in Goregaon West, while projects including Rustomjee 180 Bayview in Matunga West and Rustomjee Prive in BKC Annexe cater to different buyer segments.
Residential design is also evolving, with greater emphasis on flexible layouts, natural light, ventilation, balconies, wellness facilities and spaces suitable for working from home. Rustomjee’s association with international design firm COEN aims to incorporate global design perspectives suited to Mumbai’s lifestyle.
Singh also identified redevelopment as a major driver of the city’s housing transformation, given Mumbai’s limited scope for outward expansion. Projects such as Rustomjee Crescent in Pali Hill, Cliff Tower in Bandra West and Balmoral Golf Links in Chembur illustrate this approach. Larger initiatives at GTB Nagar and Lokhandwala aim to transform entire neighbourhoods.
Looking ahead, Singh expects premiumisation to continue, with buyers placing greater importance on location, liveability, construction standards and developer credibility. He said developers must focus on market-specific planning, timely delivery and transparency to maintain customer confidence.
Source: Construction Times
