Mumbai’s Realty Market Soars With Over 14,000 Property Registrations In March

The luxury housing segment, in particular, is witnessing significant growth, fuelled by rising incomes, growing affluence among professionals, and increasing investments from non-resident Indians (NRIs) -- Sandeep Ahuja, Global Global CEO of Atmosphere Living

Mumbai: With over 14,000 property registrations in March, Mumbai's real estate market remains strong, driven by year-end buyer activity and sustained investor confidence.

For example, a city-based developer, Ajmera Realty alone has seen current sales at 15,131 thus ensuring its revenue is at an all-time high.

Talking to Bizz Buzz, Dhaval Ajmera, Director, Ajmera Realty & Infra India says, "Mumbai's real estate market has concluded FY25 on a high note with property registrations crossing 15,000 registrations in March 2025 making it a multi-year high, and marking a 4 per cent YoY growth. The growth is significant given past year's higher base and notable performance." Several factors have contributed to the surge in property registrations in Mumbai, he said.

The typical year-end rush coupled with low interest rates has spurred buyer activity in the region. Additionally, the onset of the festive season has further boosted consumer sentiment. Looking ahead - the robust performance is supported by a favourable economic environment, consumer-friendly government policies, and anticipation of further reductions in interest rates. These elements collectively suggest that momentum in Mumbai's real estate market will be maintained in the coming months.

Sandeep Ahuja, Global Global CEO of Atmosphere Living says, "The luxury housing segment, in particular, is witnessing significant growth, fuelled by rising incomes, growing affluence among professionals, and increasing investments from non-resident Indians (NRIs)."

With the Indian economy on an upward trajectory, high-net-worth individuals are actively looking at real estate as a preferred asset class, further driving demand for premium and ultra-luxury homes, he said.

Looking ahead, the anticipation of easing interest rates and continued market confidence is expected to sustain this growth. Mumbai's real estate landscape is well-positioned to benefit from these favorable conditions, reaffirming its status as a dynamic and thriving property market.

Amit Jain, Chairman & Managing Director, Arkade Developers says, "Historically, March has been a high-activity month as buyers and investors finalise transactions before the financial year closes, and this year has been no exception. Looking ahead, the ongoing festive season is expected to provide an additional boost to registrations, as homebuyers take advantage of favorable market conditions and attractive developer offerings."

A key driver of this momentum is the rapid advancement of Mumbai's infrastructure, particularly the expansion of metro lines, which is significantly enhancing connectivity across the city. As new corridors become operational, emerging micro-markets such as Vile Parle, Malad, Kanjurmarg, Vikhroli, Bhandup, Mulund, and Dombivli are witnessing heightened demand, making them preferred choices for homebuyers. These infrastructure developments are not only reducing travel time but also unlocking the potential for new residential hubs, further strengthening Mumbai's position as a dynamic and future-ready real estate destination.

With sustained buyer confidence, the anticipation of easing interest rates, and robust investment activity, Mumbai's property market is well-positioned to set new benchmarks in the coming years, reaffirming its status as one of India's most sought-after real estate hubs.