Mumbai builders to roll out 1,50,000 homes in next three years
Real Estate

Mumbai builders to roll out 1,50,000 homes in next three years

The real estate market in Mumbai may witness a boost in housing stock as builders are set to roll out at least 1,50,000 homes over the coming three years.

Consequently, the real estate prices could decrease, as per the experts. Last year, the Brihanmumbai Municipal Corporation (BMC) had halved the construction premium for one year creating a beeline of builders asking to benefit from the discount.

Builders have paid a record premium to the tune of Rs 13,543 crore for the development of a 150 million sq ft area.

As per the real estate research company Liases Foras, with an average size of 1,000 sq ft per house, 1,50,000 housing units can be developed on 150 million sq ft space. If these are to be rolled out in three years, an average of 50,000 houses will be issued per year. About 1.5 lakh homes will be added to Mumbai’s unsold inventory, which presently stands at 1,10,000 units.

They will be inundated with record new launches and it will completely be a buyer’s market. Builders will be forced to decrease costs to sell their products, as per Pankaj Kapoor, managing director, Liases Foras. He told the media that an average of 20,000 new homes were rolled out yearly for years which will increase to at least 50,000. It implies that the city will get more than double the current supply of homes which will change the dynamics of this sector.

Additionally, he said that the builders must roll out their projects as they have already paid the total premium amount. There is an interest cost linked to this premium amount which the builder had paid, and thus they cannot afford to delay their launches. They will be commencing their projects within the coming three years.

Image Source

Also read: Mumbai's property registrations witnesses robust momentum in Feb

The real estate market in Mumbai may witness a boost in housing stock as builders are set to roll out at least 1,50,000 homes over the coming three years. Consequently, the real estate prices could decrease, as per the experts. Last year, the Brihanmumbai Municipal Corporation (BMC) had halved the construction premium for one year creating a beeline of builders asking to benefit from the discount. Builders have paid a record premium to the tune of Rs 13,543 crore for the development of a 150 million sq ft area. As per the real estate research company Liases Foras, with an average size of 1,000 sq ft per house, 1,50,000 housing units can be developed on 150 million sq ft space. If these are to be rolled out in three years, an average of 50,000 houses will be issued per year. About 1.5 lakh homes will be added to Mumbai’s unsold inventory, which presently stands at 1,10,000 units. They will be inundated with record new launches and it will completely be a buyer’s market. Builders will be forced to decrease costs to sell their products, as per Pankaj Kapoor, managing director, Liases Foras. He told the media that an average of 20,000 new homes were rolled out yearly for years which will increase to at least 50,000. It implies that the city will get more than double the current supply of homes which will change the dynamics of this sector. Additionally, he said that the builders must roll out their projects as they have already paid the total premium amount. There is an interest cost linked to this premium amount which the builder had paid, and thus they cannot afford to delay their launches. They will be commencing their projects within the coming three years. Image Source Also read: Mumbai's property registrations witnesses robust momentum in Feb

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?