Mumbai's housing market saw a 17% sales decline in Q3 2025, driven by high interest rates and economic uncertainties, per Aurum PropTech. This follows a 34% drop in Q2, indicating ongoing market caution.
Indian developers prioritize feasibility studies and strategic alliances to avoid repeating 2009 real estate downturn. Focus on buyer-oriented projects rather than speculative ventures.
IVRCL to sell high-priced land, focusing on low-cost housing amidst real estate downturn