Home prices in Mumbai Metropolitan Region (MMR) and Pune continued to rise during the January-March 2026 quarter despite a slowdown in housing sales, according to a report by real estate consultancy PropTiger.
Homeownership has become more expensive in Maharashtra's two largest property markets, with residential property prices rising sharply in both Mumbai and Pune.
According to a recent real estate market report, average housing prices in the Mumbai Metropolitan Region (MMR) increased by 20 per cent year-on-year, while Pune recorded an 11 per cent rise. The increase comes amid sustained demand for residential properties and rising construction and land costs.
The report noted that housing prices have continued to climb across major cities despite moderation in sales volumes in some markets. Premium and luxury housing segments have remained key drivers of price growth, while affordability concerns have intensified for first-time homebuyers.
Industry experts attribute the rise in property prices to higher input costs, infrastructure-led development and strong end-user demand. With home values continuing to appreciate, prospective buyers in Mumbai and Pune are likely to face higher acquisition costs in the coming months.
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