Mumbai recorded 13,080 property transactions in April 2025, contributing Rs 1,115 crore to the state’s revenue. This is the best April in last 13-years in terms of property registrations and revenue collection.
Property registrations increased by 12% year-on-year (YoY) in April 2025, while stamp duty collections witnessed a rise of 5% during the same period. The market continues to be driven by residential demand, with 80% of all registrations in April attributed to residential properties—underscoring sustained end-user interest in the housing segment.
Shishir Baijal, Chairman & Managing Director, Knight Frank India said property registrations in April 2025 have touched a 13-year high for the month, with 13,080 units recorded. This performance, backed by a 12% YoY growth, also highlights the growing preference for premium homes.
“Properties priced above INR 2 cr now account for 25% of total registrations, up from 22% a year ago. With the RBI having reduced the policy repo rate by a cumulative 50 basis points, timely transmission by banks will be essential to enhance affordability and strengthen homebuyer sentiment. As infrastructure upgrades reshape the city and aspirations continue to evolve, supportive financial conditions will be key to sustaining market momentum.”
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.
In another report by Anarock, April 2025 recorded the highest number of property registrations in this month over the past seven years (since 2019), with over 13,080 properties registered. The revenue collected April 2025 stood at approximately INR 1,115 crore. In comparison, April 2024 saw around 11,648 property registrations—about 12% lower than this year. Revenue collection last year was also lower by nearly 5%. With this, 52,896 properties were registered in the city in the first four months of 2025, against 48,819 in the same period last year. This is an 8% jump this year over 2024. Overall revenue collected from property registrations in Mumbai stands at approx. INR 4,633 Cr in first four months of 2025. This is 21% more than last year’s corresponding period (Jan.- April 2024) when the revenue collected was approx. INR 3,836 Cr.
Anuj Puri, Chairman – ANAROCK Group, says, “A key factor behind the surge in property registrations in this period is the record-breaking activity in March, when 15,501 properties were registered. This spike came close on the heels of the announcement of a 3.9% hike in Maharashtra’s ready reckoner rates for FY26. March 2025 marked the highest property registrations in the past three years. Prior to this, the highest figures were recorded in December 2020 with 19,581 registrations, and March 2021 with 17,728 registrations.”
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 favorable, we expect this upward momentum to persist.”
Samyak Jain, Director, Siddha Group said April 2025’s robust property registration data underlines growing homebuyer confidence, especially in suburban belts where infrastructure and liveability have significantly improved.
“The fact that 80% of registrations are residential signals that the market continues to be driven by genuine end-users, not just investors. We see this as a positive sign for both buyers and developers aiming for long-term growth.”
Shraddha Kedia-Agarwal, Director, Transcon Developers said the strong registration figures highlight homebuyers’ increasing appetite for quality housing in well-connected, lifestyle-driven micro-markets.
“The Western suburbs continue to lead, which is encouraging for developers focused on creating premium yet accessible housing solutions. The preference for homes above 1,000 sq ft also shows how evolving work-life dynamics are shaping real estate choices and we remain committed to delivering sustainable, future-ready homes that resonate with these changing aspirations.”
