Affordable housing in Mumbai continues to play an important role in the residential market. Apartments priced under ₹1 crore recorded significant sales across several micro-markets between 2021 and 2025. These locations continue to reflect strong residential activity and buyer participation across the city.
As demand for affordable homes continues to grow, several micro-markets have emerged as key residential destinations. Their sales performance highlights the importance of affordable housing within Mumbai’s evolving residential landscape.
According to CRE Matrix Housing Data, the top affordable housing micro-markets in Mumbai recorded the highest registered apartment sales value for homes priced under ₹1 crore between 2021 and 2025. The rankings provide valuable insights into residential demand and highlight the city’s leading affordable housing locations based on transaction value.
Affordable Housing Demand in Mumbai
Mumbai continues to witness steady demand for affordable housing across several residential micro-markets. Apartments priced under ₹1 crore remain an important segment of the city’s housing market, with buyers actively participating in registered residential transactions. The performance of these locations reflects sustained demand during the 2021–2025 period.
Affordable housing in Mumbai continues to support the residential market by generating consistent transaction activity across different locations. Tracking these micro-markets helps homebuyers, investors, developers, and researchers understand where affordable housing demand remained strongest during the study period.
Top 10 Affordable Housing Micro-Markets in Mumbai (2021–2025)
According to CRE Matrix housing data, these are the top affordable housing micro-markets in Mumbai based on registered apartment transactions priced under ₹1 crore between 2021 and 2025. The rankings are based on total sales value recorded during the study period.
1. Vikhroli East
Vikhroli East ranks first among Mumbai’s affordable housing micro-markets between 2021 and 2025. The micro-market recorded a sales value of ₹6,019 crore, the highest among the top 10 locations. The analysis covers registered apartment transactions priced under ₹1 crore, making Vikhroli East the leading affordable housing micro-market during the study period.
2. Bhandup West
Bhandup West holds the second position in the rankings. The micro-market recorded a sales value of ₹4,124 crore between 2021 and 2025. The ranking is based on registered apartment transactions priced under ₹1 crore, reflecting its strong sales performance during the study period.
3. Kurla
Kurla ranks third among Mumbai’s affordable housing micro-markets. The location recorded a sales value of ₹3,576 crore between 2021 and 2025. The analysis is based on registered apartment transactions priced below ₹1 crore, placing Kurla among the leading affordable housing locations.
4. Ghatkopar East
Ghatkopar East secured the fourth position in the rankings. The micro-market recorded a sales value of ₹3,160 crore during the study period. The figures represent registered apartment transactions priced under ₹1 crore between 2021 and 2025.
5. Kandivali West
Kandivali West completes the first five positions in the rankings. The micro-market recorded a sales value of ₹3,151 crore between 2021 and 2025. The ranking is based on registered apartment transactions for apartments priced under ₹1 crore, according to CRE Matrix housing data.
6. Malad East
Malad East ranks sixth among Mumbai’s affordable housing micro-markets between 2021 and 2025. The micro-market recorded a sales value of ₹2,555 crore during the study period. The figures are based on registered apartment transactions priced under ₹1 crore, according to CRE Matrix housing data.
7. Chembur
Chembur holds the seventh position in the rankings. The micro-market recorded a sales value of ₹2,538 crore between 2021 and 2025. The analysis is based on registered apartment transactions for apartments priced under ₹1 crore.
8. Malad West
Malad West ranks eighth among Mumbai’s affordable housing micro-markets. The location recorded a sales value of ₹2,514 crore during the study period. The ranking reflects registered apartment transactions priced below ₹1 crore between 2021 and 2025.
9. Jogeshwari West
Jogeshwari West secured the ninth position in the rankings. The micro-market recorded a sales value of ₹2,423 crore between 2021 and 2025. The figures represent registered apartment transactions for apartments priced under ₹1 crore.
10. Borivali East
Borivali East completes the list of Mumbai’s top affordable housing micro-markets. The location recorded a sales value of ₹2,375 crore during the study period. The ranking is based on registered apartment transactions priced under ₹1 crore between 2021 and 2025.
Why These Micro-Markets Are Leading Mumbai’s Affordable Housing Market
The top 10 micro-markets recorded strong affordable housing sales between 2021 and 2025. Together, they represent the highest registered sales value for apartments priced under ₹1 crore. The rankings also highlight the growing activity across affordable housing projects in Mumbai during the study period. The analysis is based on verified Housing Data from CRE Matrix.
The rankings help homebuyers, investors, developers, and researchers understand affordable housing activity across Mumbai. They provide a clear view of registered apartment transactions and sales value across leading residential micro-markets. This data supports better market analysis and informed real estate decisions.
How CRE Matrix Helps You Track Mumbai’s Affordable Housing Market
Mumbai’s affordable housing market continues to evolve with changing residential demand and transaction activity across different micro-markets. Tracking verified housing data helps users understand market performance and identify areas with strong residential activity.
CRE Matrix provides authentic Housing Data Intelligence with verified, data-backed residential market insights. The platform enables homebuyers, investors, developers, researchers, and real estate professionals to track apartment transactions, analyse micro-market performance, and monitor affordable housing trends across Mumbai.
Explore Mumbai’s affordable housing market with CRE Matrix Housing Data Intelligence.
Frequently Asked Questions
1. What are affordable housing micro-markets in Mumbai?
Affordable housing micro-markets are residential locations that recorded strong apartment sales in the affordable price segment. This analysis covers registered apartment transactions priced under ₹1 crore between 2021 and 2025.
2. How were these Mumbai micro-markets ranked?
The rankings are based on the total registered sales value of apartments priced under ₹1 crore. The analysis uses verified Housing Data from CRE Matrix for the 2021–2025 period.
3. Who can benefit from this housing market analysis?
This analysis is useful for homebuyers, investors, developers, researchers, and real estate professionals looking to understand affordable housing activity across Mumbai’s leading micro-markets.
