<h1>Mumbai suburb property prices surge 46% in three years reaching INR 19,800 per square foot</h1> Residential property prices in a major Mumbai suburb have surged 46% over three years, rising from INR 13,550 per square foot in Q2 2022 to INR 19,800 per square foot in Q2 2025. The housing market launched 65,800 units between FY 2020-2025, with 2BHK apartments comprising 45% of new supply and 1BHK units accounting for 42%. The area offers significantly more affordable housing than central Mumbai, with a 650 sq ft 2BHK costing approximately INR 1.25 crore compared to INR 2.11 crore in Mumbai's central suburbs. Post-COVID recovery saw new supply increase 103% in FY 2023 compared to FY 2020, while absorption rose 78% by FY 2024. The market features 89 residential skyscrapers exceeding 40 floors, with Grade A developers contributing 47% of new supply. Infrastructure investments worth INR 59,000 crore are driving sustained growth in this emerging residential destination.