Mumbai’s property market continues its upward trajectory, with April 2025 marking the city's strongest April in 13 years. According to data released by Knight Frank India, a leading real estate property consultant, a total of 12,142 property registrations were recorded under the Brihanmumbai Municipal Corporation (BMC) limits — a 4% year-on-year increase that highlights sustained homebuyer momentum.
Driving this surge is a notable shift in market dynamics. High-end homes priced above Rs 2 crore accounted for 25% of April’s registrations, up from 22% in April 2024. In contrast, budget homes below Rs 50 lakh maintained their 14% contribution, underscoring consistent demand across segments.
Compact units up to 1,000 sq ft continued to dominate, while mid-sized homes between 1,000 and 2,000 sq ft held a steady 14% market share. Larger residences above 2,000 sq ft comprised 3% of total registrations, reflecting a steady interest in more spacious living.
The city’s Western and Central suburbs remained key real estate hubs, jointly accounting for 85% of all registrations. Meanwhile, premium markets in Central and South Mumbai saw a marginal 1% uptick in their share, hinting at a revival in demand fueled by new project launches and enhanced infrastructure.
Prashant Sharma, President of NAREDCO Maharashtra, noted, “The consistent growth in Mumbai’s property registrations reflects the resilience and evolving maturity of the city’s real estate market. April 2025 has set a new benchmark with the highest registration numbers for the month in the last 13 years. This performance is a testament to sustained end-user demand, proactive government reforms, and improving home loan affordability. The steady demand across both affordable and premium segments also indicates the market’s broad-based strength. As infrastructure enhancements continue and interest rates remain favourable, we expect this upward momentum to persist.”
Echoing similar optimism, Samyak Jain, Director, Siddha Group, said, “April 2025’s robust property registration data underlines growing homebuyer confidence, especially in suburban belts where infrastructure and liveability have significantly improved. The fact that 80% of registrations are residential signals that the market continues to be driven by genuine end-users, not just investors. We see this as a positive sign for both buyers and developers aiming for long-term growth.”
As Mumbai’s real estate landscape evolves, the current trends suggest a strong foundation for continued growth, supported by end-user demand, improved affordability, and infrastructure-led development.
