Daijiworld Media Network - Mumbai
Mumbai, Apr 30: Mumbai's robust property market continues its upward trajectory, recording an impressive 12,142 property registrations within the Brihanmumbai Municipal Corporation (BMC) jurisdiction in April, a new report revealed on Wednesday.
This figure marks the most successful April performance in the past 13 years and signifies a 4 per cent year-on-year (YoY) increase in registrations, according to the Knight Frank India report.
Underpinning this strong performance is consistent residential demand, with homes constituting 80 per cent of the properties registered in April. This highlights the sustained interest of end-users in purchasing residential properties.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, commented that the surge in registrations reflects a growing appetite for premium housing.
“The reduction in home loan rates, spurred by the RBI's cumulative 50 basis points rate cut, has provided significant support to demand,” he pointed out.
Baijal further stated that, “a swift pass-through of these rate cuts by banks would further enhance affordability and help sustain the current market momentum.”
Properties valued above Rs 2 crore accounted for a significant 25 per cent of the total registrations in April 2025, up from 22 per cent in the corresponding period last year.
Conversely, the lower segment of the market, encompassing properties priced below Rs 50 lakh, remained stable at 14 per cent.
Regarding property size, homes measuring up to 1,000 square feet continued to be the dominant category in registrations. However, the market also witnessed steady interest in larger homes.
Properties ranging between 1,000 and 2,000 sq ft maintained a 14 per cent share, while those exceeding 2,000 sq ft held steady at 3 per cent. This indicates a consistent demand for more spacious living environments, potentially influenced by evolving lifestyle preferences and the prevalence of work-from-home arrangements, the report noted.
Geographically, the Western and Central suburbs remained the most sought-after locations, collectively accounting for 85 per cent of the total registrations.
However, Central and South Mumbai also experienced a marginal increase in their share of registrations, rising by 1 per cent. This shift suggests a growing buyer interest in premium and emerging localities, supported by new project launches and improved infrastructure, the report added.