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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, signalling enduring confidence among homebuyers despite macroeconomic uncertainties.

The share of high-end homes priced above Rs. 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 Rs. 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, said, "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."

Incidentally, Mumbai’s real estate market capped off FY 2024–25 on a robust note, clocking over 15,603 property registrations in March 2025, a 10.3% year-on-year (YoY) increase, according to data from the Inspector General of Registration (IGR) accessed by Knight Frank India.

Stamp duty collections for the month touched Rs. 1,597 crore, the highest ever recorded in a single month, reflecting a 45% YoY surge. The record-breaking revenue was primarily driven by a notable rise in high-value property transactions and sustained demand for premium homes.

On a month-on-month (MoM) basis, March saw property registrations rise by 29%, while stamp duty collections jumped 71%, making it the most active month for Mumbai’s real estate market in the past year. Residential properties accounted for 80% of the total registrations in March, underscoring the strong sentiment among homebuyers.

The daily stamp duty collections grew from Rs. 35 crore in April 2024 to Rs. 52 crore in March 2025, while daily property registrations rose from 388 to 503 units during the same period, reinforcing the trend of increased traction in the mid-to-premium housing segments. For the entire financial year FY 2024–25, Mumbai recorded 143,948 property registrations, marking a 9% YoY growth compared to 132,723 registrations in the previous fiscal. Stamp duty collections for the year increased by 22%, further validating the market’s shift towards higher-value transactions.

Commenting on the financial year numbers, Prashant Sharma, President, NAREDCO Maharashtra, said, “The consistent rise in Mumbai’s property registrations, surpassing the 15,000 mark in March 2025, is a strong testimony to the city’s enduring real estate appeal. The 10.3% YoY growth in registrations and a remarkable 45% surge in stamp duty collections reflect both the growing aspiration for homeownership and the significant momentum in premium housing. This performance, driven by stable economic conditions, robust infrastructure development, and growing confidence in the market, reaffirms that Mumbai continues to lead India’s real estate transformation. We expect this momentum to accelerate further with anticipated interest rate easing and continued government push for urban infrastructure.”