Mumbai’s real estate market reached a 13-year high in April 2025, recording 13,080 property transactions and generating ₹1,115 crore in state revenue, according to Maharashtra’s Department of Registrations and Stamps (IGR). This marks a 12% year-on-year increase in registrations and a 5% rise in stamp duty collections.

The surge was driven primarily by residential demand, which accounted for 80% of all registrations. This strong end-user interest underscores the continued appeal of homeownership in India’s financial capital, according to analysis by Knight Frank India.

Notably, the share of high-value properties continues to grow. Properties priced at ₹2 crore and above made up 25% of April’s transactions, up from 22% in April 2024, totaling 3,242 deals. Meanwhile, properties priced below ₹50 lakh held steady at 14% of the market.

Apartments under 1,000 sq ft led the registration numbers, but larger homes are gaining steady traction. Homes between 1,000 and 2,000 sq ft accounted for 14% of transactions, while properties over 2,000 sq ft held a 3% share, reflecting sustained interest in more spacious living environments.

Geographically, Mumbai’s Western and Central Suburbs remained dominant, contributing 85% of all transactions. However, Central and South Mumbai also saw a 1% increase in their share of registrations, suggesting growing buyer interest in these traditionally premium areas due to increasing supply and improved infrastructure.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, noted that the April numbers reflect a growing appetite for premium homes and the positive impact of macroeconomic factors. “With the RBI reducing the policy repo rate by 50 basis points, banks’ timely rate transmission will be crucial in enhancing affordability and strengthening buyer sentiment,” he said.

As Mumbai continues to undergo infrastructure development and urban expansion, supportive financial conditions and evolving buyer aspirations are expected to keep the market’s momentum strong.

Knowledge Source : https://www.hindustantimes.com/real-estate/mumbai-records-over-12-000-property-transactions-in-april-2025-up-4-stamp-duty-revenue-drops-6-to-990-crore-101746008856916.html