India, Jan. 9 -- Mumbai's housing market closed 2025 on a steady note, recording a 1% year-on-year rise in sales to 97,188 units, with momentum strengthening in the second half as transactions grew 3% YoY to 50,153 units, according to a report by Knight Frank India.

Beneath the headline stability, the market underwent a structural shift towards premiumisation, with higher participation in the Rs.2 crore to Rs.5 crore and Rs.5 crore to Rs.10 crore segments reflecting stronger buyer confidence and a growing preference for lifestyle-led housing, it said.

Developers responded with supply discipline, trimming annual launches by about 10% to manage inventory, while a 7% price appreciation and expanding metro connectivity continued to push dem...