Mumbai maintained its position as India's top residential real estate market in 2025, with sales showing a marginal increase and a notable shift towards higher-value properties. The city also recorded its second-highest office leasing volume in over a decade, reaching 9.8 million sq ft, despite a 5% year-on-year decline. Global Capability Centres significantly drove office demand, while developers managed inventory by reducing new launches. Average residential prices saw a 7% appreciation.