mumbai residential property market in mumbai witnessed around 18 decline in new project launches during the first half of 2015 according to a report by property consultancy cbre subdued demand levels and the presence of unsold inventory led to a slowdown in new project launches as against preceding half year ending december 2014 the mumbai residential market witnessed a decline in supply addition and sales activity the uncertainty surrounding the development plan dp 2034 for greater mumbai further contributed to subdued market sentiments the report said the extended eastern suburbs including locations such as mulund west kanjurmarg and bhandup and thane city accounted for more than 50 of the total units launched during the period in mumbai metropolitan region most of these new launches were concentrated in the highend midend segments the western and eastern suburbs of mumbai witnessed steady supply addition and accounted for a sizeable share of the total supply introduced during the period in the suburban locations project launches were largely concentrated at bandra east andheri east in the western suburbs and chembur ghatkopar west kurla east and powai in the eastern suburbs in the luxury and midend segments capital values witnessed stability across all micromarkets owing to a slowdown in sales volume on the leasing front markets remained largely stagnant with negligible rental revisions being witnessed across micromarkets during this review period the report added