Magicbricks, India’s leading real estate platform, has released its PropIndex report for July–September 2025, highlighting that Navi Mumbai’s residential market is on the cusp of a transformative leap. With the Navi Mumbai International Airport (NMIA) inaugurated, the city’s real estate landscape is set to reach new heights, strengthening its position as a key growth engine within the Mumbai Metropolitan Region (MMR).
Average property rates have climbed from INR 9,981 per sq. ft in Q3 2023 to INR 14,299 per sq. ft in Q3 2025, marking a remarkable 43.26% increase. In the last two quarters alone, prices have jumped +15.0%, underlining the city’s emergence as a high-growth investment corridor.
During the last quarter, with the news of the new airport starting soon had taken the buyer demand to rise +6.4% quarter-on-quarter (QoQ), while supply declined –10.7% QoQ, underscoring heightened competition in a tightening market. As a result, property prices surged +5.0% QoQ and +26.1% year-on-year (YoY), reflecting continued buyer confidence and limited inventory.
This momentum is fuelled by major infrastructure projects including the operational Mumbai Trans Harbour Link, expanding metro networks, and the now newly inaugurated NMIA, which together have unlocked large swathes of previously underdeveloped land for residential expansion.
The report also observed that the demand continues to centre around 1 and 2 BHK homes, which together capture 87% of total buyer interest, while 56% of buyers prefer homes priced up to INR 75 lakh, reaffirming Navi Mumbai’s strength as an affordability-driven market. Popular micro-markets such as Panvel (₹14,400 psf), Kharghar (₹16,900 psf), and Taloja (₹9,500 psf) have emerged as top choices, attracting first-time buyers and investors alike.
