Mumbai Property Registrations Hit 13-Yr High In April

This is a robust testimony to the growing demand for quality homes in the financial capital, driven by the strengthening of purchasing power among the buyers’ fraternity, along with the desire to upgrade to a better lifestyle -- Dhaval Ajmera, Director, Ajmera Realty & Infra India

Mumbai: Mumbai's real estate market continues to demonstrate robust growth, as April 2025 saw 12,142 property registrations under the Brihanmumbai Municipal Corporation (BMC) limits — marking the strongest April performance in 13 years, according to the latest data from Knight Frank India. This reflects a 4 per cent year-on-year increase, signaling enduring confidence among homebuyers despite macroeconomic uncertainties.

The share of high-end homes priced above Rs2 crore grew to 25 per cent in April 2025, up from 22 per cent in the same month last year. Meanwhile, the budget housing segment — particularly properties priced below Rs50 lakh — remained stable, contributing 14 per cent to total registrations.

Talking to Bizz Buzz, Dhaval Ajmera, Director, Ajmera Realty & Infra India says, “Mumbai has witnessed one of the best-performing months of April in the decade as the city records over 12000 home sales, showcasing a stellar rise for the month both on a y-o-y and a long-term basis.”

This is a robust testimony to the growing demand for quality homes in the financial capital, driven by the strengthening of purchasing power among the buyers’ fraternity, along with the desire to upgrade to a better lifestyle. With the redevelopment boom at its peak, the preferential categories attracting major sales continue to be luxury and mid-segment housing and micro-markets like Versova, Borivali, and Ghatkopar, he said.

In terms of unit sizes, compact homes up to 1,000 sq ft continued to dominate the market. However, homes between 1,000 and 2,000 sq ft maintained a steady 14 per cent share, while larger configurations above 2,000 sq ft accounted for 3 per cent of the total, indicating continued demand for expansive living spaces.

Geographically, the Western and Central suburbs continued to be the hotspots for buyers, contributing a combined 85 per cent to the total registration volume. Central and South Mumbai witnessed a marginal 1 per cent increase in their share, highlighting renewed buyer interest in these premium micro-markets — supported by new launches, better infrastructure, and evolving aspirations.

Prashant Sharma, President, Naredco Maharashtra says, “The consistent growth in Mumbai’s property registrations reflects the resilience and evolving maturity of the city’s real estate market. April 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 favorable, we expect this upward momentum to persist, he said.