Mumbai Residential Pre Sales Rise Forty Four Percent In First Half FY26

Mumbai’s residential real estate sector recorded a healthy first half of FY26 in terms of pre-sales, yet analysts caution that the momentum may moderate in the second half as new launches accelerate. Data compiled by Kotak Securities shows that listed developers achieved 44% year-on-year growth in pre-sales during H1FY26, collectively reaching over half of the full-year target of approximately ₹1.4 lakh crore. Notable launches included DLF Ltd’s maiden project in Andheri and new offerings by Godrej Properties Ltd, which saw strong customer engagement.

Industry experts attribute early pre-sales growth to continued demand for existing projects, particularly among buyers seeking timely delivery and high-quality construction. “The first half performance reflects stable market interest in established developers’ projects, signalling confidence in product quality and completion track records,” said a senior analyst tracking Mumbai and other metropolitan realty markets.Looking ahead, the pace of new launches is expected to increase as regulatory approvals for fresh projects gradually ease. Nomura Global Markets Research highlights strong traction for projects launched in October and expected launches in November, including Prestige Estates’ Mira Road project in Mumbai, Sobha Ltd’s Magnus in Bangalore, Brigade Enterprises’ Gateway Tower 2 in Hyderabad, and Aditya Birla Real Estate’s Sector 71 project in Gurugram. Analysts indicate that absorption rates for these projects will be a key determinant of sectoral pre-sales trends in H2FY26.

Despite positive bookings, caution persists around high-end residential demand, particularly from IT-sector-linked buyers. Elevated property prices may constrain affordability, slowing pre-sales for premium units. According to Antique Stock Broking, while the sector experienced a 33% CAGR in pre-sales over the past three years, future growth is projected at a more moderate 15–20% for leading developers such as Brigade, Godrej, and Lodha. Developers with geographically concentrated land banks, including Oberoi Realty and DLF, may experience staggered growth.

On a broader scale, Q2FY26 witnessed only an 11% year-on-year rise in pre-sales volumes, largely driven by higher prices rather than transaction volumes. Bengaluru and Hyderabad showed robust gains, whereas the Mumbai Metropolitan Region and the National Capital Region saw slight declines. Listed developers continue to pursue land acquisitions and geographic expansion to maintain long-term growth pipelines. Strong collections and earlier fund-raising have kept debt levels manageable, supporting ongoing business development.
For Mumbai residents and urban planners, the challenge remains balancing the demand for new housing with sustainable urban growth. Experts stress integrating upcoming residential launches with public transport, green infrastructure, and climate-resilient construction to maintain long-term livability and inclusive city development.

Mumbai Residential Pre Sales Rise Forty Four Percent In First Half FY26