Mumbai Real Estate 2025: Record Property Registrations Signal Market Strength

A Landmark Month for Mumbai’s Real Estate

April 2025 marked a historic milestone for Mumbai’s real estate sector, with property registrations under Brihanmumbai Municipal Corporation (BMC) limits soaring to 13,080 units-the highest April tally in 13 years. This 12% year-on-year surge, as reported by Knight Frank India, underscores the city’s enduring appeal and the resilient confidence of homebuyers, even amid macroeconomic headwinds.

Premium Homes and Evolving Buyer Preferences

The appetite for high-end living continues to grow. Homes priced above ₹2 crore accounted for 25% of all registrations, up from 22% a year ago. Meanwhile, budget housing below ₹50 lakh maintained a steady 14% share, reflecting a healthy balance between aspirational and affordable segments. Compact homes up to 1,000 sq ft remain the most popular, but demand for larger residences-especially those between 1,000 and 2,000 sq ft-held firm at 14%, with expansive homes above 2,000 sq ft comprising 3% of registrations[4].

Suburban Hotspots and Micro-Market Momentum

Mumbai’s Western and Central suburbs continue to dominate, contributing 85% of the city’s total property registrations. Central and South Mumbai, however, saw a marginal uptick, signaling renewed interest in premium micro-markets driven by new launches and improved infrastructure[4]. Areas like Powai, Chembur, and Thane are witnessing accelerated traction, attracting both end-users and investors.

Expert Insights: Confidence and Future-Readiness

Industry leaders attribute this record-breaking performance to sustained end-user demand, proactive government reforms, and improved home loan affordability. Prashant Sharma, President of NAREDCO Maharashtra, noted that April 2025’s numbers reflect the resilience and maturity of Mumbai’s market. Domnic Romell (CREDAI-MCHI) highlighted the surge in homeownership among the 28–45 age group, now accounting for nearly 60% of buyers, and reaffirmed Mumbai’s status as a future-ready, end-user-driven market.

Dhaval Ajmera (CREDAI-MCHI) emphasized that strong sales in the ₹75 lakh–₹2.5 crore range show robust movement in the mid-income and aspirational segments, while Samyak Jain (Siddha Group) pointed to the dominance of genuine end-users-80% of registrations were residential-as a sign of sustainable growth. Shraddha Kedia-Agarwal (Transcon Developers) observed that evolving work-life dynamics are fueling demand for larger, well-connected homes in lifestyle-driven micro-markets.

Looking Ahead: Sustaining the Momentum

Despite a slight dip in stamp duty revenue, the city’s real estate sector remains buoyant, supported by RBI’s recent policy rate cuts and a stable economic environment. As infrastructure upgrades continue and buyer aspirations evolve, Mumbai’s property market is poised for continued growth.