ASIA PACIFIC OUTLOOK 2025

MUMBAI

NEW SUPPLY

Annual new supply from 2027 is likely to witness a robust increase as we foresee quality supply by leading developers hitting the market. Select quality projects originally slated for 2025 have been delayed due to slow construction, resulting in a larger supply pipeline in the coming years. Most of the new supply is anticipated in prime markets such as BKC and suburban markets such as Andheri Kurla Road, Eastern Suburbs, and Navi Mumbai.

12.0

FORECAST

10.0

8.0

6.0

4.0

NEW SUPPLY (MSF)

2.0

0.0

2022 2023 2024F 2025F 2026F 2027F 2028F 2029F

Cushman & Wakefield

ASIA PACIFIC OUTLOOK 2025

Source: Cushman & Wakefield