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% year-on-year increase, signaling enduring confidence among homebuyers despite macroeconomic uncertainties.
The share of high-end homes priced above ₹2 crore grew to 25% in April 2025, up from 22% in the same month last year. Meanwhile, the budget housing segment — particularly properties priced below ₹50 lakh — remained stable, contributing 14% to total registrations.
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% share, while larger configurations above 2,000 sq ft accounted for 3% 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% to the total registration volume. Central and South Mumbai witnessed a marginal 1% 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 explained: "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 favorable, we expect this upward momentum to persist."
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