Mumbai and Pune Witness Housing Sales Rise Post-COVID
Real estate in Mumbai and Pune has drastically changed a lot after the pandemic. A new report from JLL and NAREDCO, released on September 26, 2025, paints a clear picture. Housing sales in these cities nearly 95% jump. They jumped from 46,528 units between 2016 and 2019 to 105,332 units between 2022 and the first half of 2025. It shows the rapid growth in real estate.
Premium Homes Rule
People are leaning toward luxury now. The high-end segment, featuring homes at ₹1 crore or more, accounts for 59% of new launches. Compare that to before COVID, when it was just 43%. Developers note the demand and shift their focus. High-end properties boast better amenities, prime locations, and that wow factor people seek.
This trend reveals how lifestyles shifted post-pandemic. Remote work and more time at home mean folks want spaces that feel special. Mumbai's bustling vibe and Pune's tech hub draw people in. But it's not all rosy.
Affordable Housing Takes a Dive
Contrary, affordable housing is shrinking fast. Units priced under ₹50 lakh now represent just 12% of the market. Before COVID, they had a stronger share. This decline worries experts. Many first-time buyers and low-income families are being squeezed out.
Why the drop? Rising construction costs, land prices, and a focus on profits play roles. The report points out the need for policy tweaks. Governments could step in with incentives or subsidies to boost affordable options.
Insights from the Report
- Sales Growth: From 46,528 units (2016-2019) to 105,332 units (2022-H1 2025).
- Premium Surge: Share of ₹1 crore+ homes rises from 43% to 59%.
- Affordable Decline: Under ₹50 lakh segment drops to 12%.
- Total Market Recovery: Overall market recovers post-COVID, but uneven across segments.
Buyers and Investors: What's Next?
If you're looking for a home in Mumbai or Pune, you'll likely find premium homes dominate. Investors see opportunity in luxury flips. But for affordability, watch for policy shifts. NAREDCO and JLL propose interventions like tax breaks or faster approvals for budget projects.
The market's resilience shines through. Post-COVID, people value stable homes more. Still, balancing premium growth with accessible housing remains key. Without action, inequality in real estate could widen.
Moving Forward
Expect more data from JLL and NAREDCO to track these trends. Developers might mix affordable units with premium complexes. Stay informed—the market moves quickly. Whether you're in Mumbai's skyscrapers or Pune's suburbs, this boom holds exciting times, especially if policies catch up.
In conclusion, the doubling of sales marks recovery, but the premium shift calls for smart interventions to keep housing accessible.