According to Knight Frank India, the real estate market in Mumbai saw its best April in more than ten years, with 12,142 property registrations, a 4% increase year over year. In 13 years, this is the most deals for the month.
Premium housing accounted for 25% of all transactions, up from 22% in April 2024, with residences costing more than Rs 2 crore. These transactions contributed Rs 990 crore to the state exchequer, even though revenue decreased by 6%.
Strong housing demand drove 80% of registrations to be residential, with 25% of all registrations being premium residences (above Rs 2 crore). 14% of affordable homes under Rs 50 lakh remained stable. While micro-markets like Borivali, Ghatkopar, and Versova experienced noteworthy development, buyer interest was highest in the Western and Central suburbs, which accounted for 85% of registrations.
Experts attribute the momentum to improved infrastructure, solid government policies, and rising consumer confidence. Developers pointed out that the move from speculative to end-user purchases indicates a maturing industry ready for consistent expansion, notwithstanding worries about liquidity and global uncertainties.
Source: Knocksense
