Mumbai's real estate market continues to show impressive momentum as property registrations in April 2025 reached a 13-year high for the month, totaling 13,080 transactions. According to data from the Maharashtra Department of Registrations and Stamps (IGR), this marks a 12% year-on-year growth, reflecting renewed buyer confidence and sustained demand in the city’s property market.
These transactions contributed a significant ₹1,115 crore in stamp duty revenue for the state, representing a 5% increase YoY. This steady rise signals not only an increase in transaction volume but also a shift towards higher-value property deals.
Residential demand remains the backbone of Mumbai’s property market. A robust 80% of all April 2025 registrations were for residential properties, underlining a strong end-user focus. This trend suggests that more buyers are investing in homes to live in, rather than purely for investment, reinforcing long-term market stability.
A notable trend this year is the increased preference for premium properties priced above ₹2 crore, which now account for 25% of all registrations, up from 22% in April 2024. This segment recorded 3,242 transactions, underscoring the growing aspirations of homebuyers and a shift toward larger, more luxurious spaces.
On the other end of the spectrum, the share of registrations for properties priced below ₹50 lakh remained steady at 14%, indicating consistent demand in the affordable housing segment, particularly among first-time buyers and middle-income groups.
While apartments up to 1,000 sq ft continue to dominate, homes in the 1,000–2,000 sq ft range retained a 14% market share, and 3% of registrations were for units larger than 2,000 sq ft. This reflects a growing interest in spacious living, especially post-pandemic, as homebuyers prioritize comfort and work-from-home adaptability.
The Western and Central Suburbs of Mumbai continue to be the most active zones, accounting for a combined 86% of all property registrations. Notably, both Central and South Mumbai saw a 1% uptick in market share, pointing to rising supply and buyer interest in these traditionally premium locations.
Commenting on the market performance, Shishir Baijal, Chairman and Managing Director at Knight Frank India, noted,
“Property registrations in April 2025 have touched a 13-year high for the month, with 13,080 units recorded. This performance, backed by a 12% YoY growth, also highlights the growing preference for premium homes. Properties priced above ₹2 crore now account for 25% of total registrations, up from 22% a year ago. With the RBI having reduced the policy repo rate by a cumulative 50 basis points, timely transmission by banks will be essential to enhance affordability and strengthen homebuyer sentiment.”
As infrastructure upgrades transform the city and financial conditions improve, Mumbai’s real estate market is poised to sustain its current momentum. Whether it’s a first-time buyer seeking a compact flat or a luxury homebuyer looking for expansive living, the market today offers options for all segments.
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