Did the Mumbai property market achieve its best April in 13 years with over 12,000 deals?
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Synopsis
The Mumbai property market is experiencing unprecedented growth, with April 2025 witnessing over 12,142 registrations—the highest in 13 years. This surge reflects strong demand for residential properties, particularly among buyers seeking premium housing, driven by favorable loan rates and evolving lifestyle preferences.
Key Takeaways
- 12,142 property registrations recorded in April 2025.
- Best April performance in 13 years.
- 80 percent of registrations are residential properties.
- Premium homes are gaining popularity.
- Western and Central suburbs account for 85 percent of total registrations.
Mumbai, April 30 (NationPress) The property market in the financial capital continues to demonstrate robust growth, with over 12,142 property registrations recorded in April under the Brihanmumbai Municipal Corporation (BMC), according to a recent report released on Wednesday.
This achievement marks the best April performance in the past 13 years and signifies a 4 percent year-on-year (YoY) rise in registrations, as per the Knight Frank India report.
Residential demand remains a significant factor driving the market, with 80 percent of the registered properties in April being homes, indicating a strong interest from end-users in purchasing houses.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, remarked that the uptick in registrations reflects increasing interest in premium housing.
He added, “The reduction in home loan rates, due to the RBI's cumulative 50 basis points rate cut, has bolstered demand.”
Baijal further commented, “The swift transmission of these rate cuts by banks would enhance affordability and help sustain market momentum.”
Properties priced above Rs 2 crore accounted for 25 percent of total registrations in April 2025, up from 22 percent a year earlier.
On the other hand, the lower segment of the market, including properties under Rs 50 lakh, remained stable at 14 percent.
In terms of property size, homes measuring up to 1,000 square feet continued to dominate registrations. However, there was consistent interest in larger homes as well.
Properties ranging from 1,000 to 2,000 sq ft maintained a 14 percent share, while those exceeding 2,000 sq ft held steady at 3 percent.
This indicates a stable demand for spacious living, likely influenced by evolving lifestyle needs and the work-from-home trend, as mentioned in the report.
Geographically, the Western and Central suburbs remained the most sought-after locations, comprising 85 percent of total registrations.
However, Central and South Mumbai also saw a slight uptick in their share of registrations, increasing by 1 percent.
This shift signals a growing buyer interest in premium and emerging areas, supported by new project launches and infrastructure improvements, as highlighted in the report.
Point of View
It's essential to note that the Mumbai property market's resilience reflects broader economic trends and consumer confidence. The significant increase in registrations amidst changing lifestyle preferences underscores the importance of adapting to evolving market demands while maintaining a focus on affordability and accessibility.
NationPress
17/06/2025
Frequently Asked Questions
What factors are driving the growth in Mumbai's property market?
The growth is primarily driven by strong residential demand, favorable home loan rates, and a shift toward premium housing.
How has the market changed over the past year?
There has been a 4 percent year-on-year increase in property registrations, highlighting increased buyer interest.
Which areas in Mumbai are most popular for property buyers?
The Western and Central suburbs remain the most preferred locations, making up 85 percent of registrations.
What types of properties are being registered?
The majority of registered properties are homes, with a significant portion priced above Rs 2 crore.
What is the impact of home loan rates on the property market?
Lower home loan rates, resulting from the RBI's rate cuts, have positively impacted buyer affordability and market momentum.
