Mumbai Real Estate Shines in April: Record Registrations and Premium Sales Rise

Market Resilience Fuels Record-Breaking Momentum

Mumbai’s property market demonstrated remarkable resilience in April, recording the highest property registration figures for the month in over 13 years. According to Knight Frank India, a total of 12,142 properties were registered under the BMC jurisdiction—a 4% increase over April 2024.

Premium Housing Leads the Surge

The report highlighted a significant uptick in high-value transactions. Properties priced above ₹2 crore made up 25% of all registrations—up from 22% in the previous year—indicating rising interest in luxury homes. Meanwhile, the demand for affordable housing (up to ₹50 lakh) remained stable at 14%.

Compact Yet Aspirational Living

Compact homes under 1,000 sq. ft. remained the top choice among Mumbai buyers. However, mid-sized homes (1,000–2,000 sq. ft.) maintained a consistent 14% share, and larger homes above 2,000 sq. ft. held 3%—signifying aspirational buying in an evolving urban market.

Suburbs Dominate Buyer Preference

Western and central suburbs emerged as hotbeds of demand, accounting for 85% of total registrations. Infrastructure growth and new launches also brought renewed attention to central and south Mumbai locations.

Developer Insights Reflect Optimism

Industry leaders believe the performance reflects robust demand and policy-driven growth. NAREDCO Maharashtra President Prashant Sharma noted the role of government support and a healthy lending environment. Ajmera Realty’s Dhaval Ajmera called April a standout month due to rising income levels and lifestyle aspirations. Meanwhile, Arkade Developers' CMD Amit Jain emphasized the market's shift from speculative to need-based buying—signaling long-term maturity.

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