Mumbai's Real Estate Market Sees 13-Year High in Property Registrations

Strategic Insights -

Mumbai's real estate market demonstrated robust growth in April 2025, with 12,142 property registrations under the Brihanmumbai Municipal Corporation (BMC) limits, marking the strongest April performance in 13 years. This represents a 4% year-on-year increase, indicating enduring confidence among homebuyers despite macroeconomic uncertainties. The share of high-end homes priced above Rs. 2 crore grew to 25% in April 2025, up from 22% in the same month last year.

Key Takeaways:

  • Property registrations in Mumbai reached a 13-year high in April 2025, with 12,142 registrations under the BMC limits, a 4% YoY increase.
  • High-end homes priced above Rs. 2 crore accounted for 25% of total registrations in April 2025, up from 22% in the same month last year.
  • The budget housing segment, particularly properties priced below Rs. 50 lakh, remained stable, contributing 14% to total registrations.
  • Compact homes up to 1,000 sq. ft continued to dominate the market, with homes between 1,000 and 2,000 sq. ft maintaining a steady 14% share.
  • The western and central suburbs remained hotspots for buyers, contributing a combined 85% to the total registration volume.
  • Central and South Mumbai witnessed a 1% increase in their share, indicating renewed buyer interest in these premium micro-markets.
  • Prashant Sharma, President, NAREDCO Maharashtra, attributed the growth to sustained end-user demand, proactive government reforms, and improving home loan affordability.

Statistics:

  • 12,142 property registrations in April 2025 under the BMC limits.
  • 25% of total registrations in April 2025 comprised high-end homes priced above Rs. 2 crore.
  • 14% of total registrations came from the budget housing segment, particularly properties priced below Rs. 50 lakh.
  • Compact homes up to 1,000 sq. ft accounted for 40% of the market, while homes between 1,000 and 2,000 sq. ft maintained a 14% share.
  • Western and central suburbs contributed 85% to the total registration volume.
  • Central and South Mumbai accounted for 5% of the total registration volume, up from 4% in previous periods.
  • Daily stamp duty collections in April 2025 reached Rs. 52 crore.
  • Daily property registrations in March 2025 rose to 503 units, an 8-month high.

Sources:

  • Knight Frank India's latest data
  • Inspector General of Registration (IGR) data accessed by Knight Frank India
  • Indian National Press (Bombay) Pvt. Ltd.
  • Contify.com