In April 2025, property registrations inside the boundaries of the Brihanmumbai Municipal Corporation (BMC) achieved a 13-year high, indicating a significant milestone in Mumbai’s real estate market, which is a witness to growing demand and people’s desire to purchase a home.
Mumbai saw 12,142 property registrations last month, up 4% from April 2024, according to data supplied by Knight Frank India. This indicates that purchasers’ demand has been strong and consistent despite macroeconomic uncertainty. According to the data, there is a noticeable increase in luxury real estate transactions along with widespread demand across all housing categories.
Compared to 22% a year before, 25% of registrations were for homes costing more than Rs 2 crore. A solid 14% share was held by the affordable housing market, especially by units under Rs 50 lakh, which reflected a steady demand from purchasers who are price-conscious.
Interesting tendencies were also found in unit size preferences. Due to their ability to meet the needs of urban nuclear families, compact homes up to 1,000 square feet continued to dominate registration volumes. A continuing desire for roomy living options in the face of shifting work-life dynamics is demonstrated by the fact that mid-sized homes between 1,000 and 2,000 square feet accounted for 14% of registrations, while larger homes above 2,000 square feet made up 3%.
Geographically, the Western and Central suburbs were the most popular, accounting for 85% of all registrations. A slight 1% increase in share was also seen in Central and South Mumbai, suggesting a slow recovery in these historically high-value areas.
New project launches, improved infrastructure, and shifting consumer preferences towards lifestyle-centric developments are all blamed for the change. These numbers are seen by industry participants as evidence of Mumbai’s robust real estate market.
According to Prashant Sharma, President of NAREDCO Maharashtra, “the steady increase in property registrations in Mumbai reflects the resilience and evolving maturity of the city’s real estate market.” With the most registrations for the month in the previous 13 years, April 2025 has set a new record.
The importance of suburban development was underlined by Samyak Jain, Director of Siddha Group: “The strong property registration data for April 2025 highlights rising homebuyer confidence, particularly in suburban belts where infrastructure and liveability have greatly improved.” Real end customers continue to drive the business, as evidenced by the fact that 80% of registrations are residential.
Transcon Developers Director Shraddha Kedia-Agarwal continued, “The high registration numbers demonstrate the growing desire of homeowners for high-quality dwellings in connected, lifestyle-driven micro-markets. Real estate decisions are being influenced by changing work-life dynamics, as evidenced by the preference for residences larger than 1,000 square feet.
Experts predict that the city’s real estate momentum will continue into the upcoming quarters as long as developers keep launching new projects and infrastructural upgrades stay on schedule.
Source: CNBC TV18
