Mumbai logs over 12,000 property deals in April; revenue nears Rs 9.9 bn

Mumbai (BMC limits) is set to clock over 12,142 property registrations in April 2025, contributing more than Rs 9.9 billion in state revenue, according to Knight Frank India. This marks the city’s strongest April performance in 13 years, registering a 4 per cent year-on-year rise in volumes. However, stamp duty revenue dipped by 6 per cent during the same period.

Residential transactions continue to dominate, accounting for 80 per cent of total registrations. Notably, premium housing gained momentum, with the share of properties priced above Rs 2 crore rising from 22 per cent to 25 per cent, totalling 3,010 units. Homes below Rs 50 lakh maintained a 14 per cent share.

Apartments up to 1,000 sq ft led registrations, while units sized 1,000–2,000 sq ft held steady at 14 per cent. Larger homes above 2,000 sq ft continued to attract niche demand, holding a 3 per cent share.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “Property registrations in April 2025 have touched a 13-year high for the month, with over 12,142 units recorded. This performance, backed by a 4% 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."

Photo: Freepik