Mumbai’s Property Market Thrives with 12,000+ Transactions in April 2025, Despite Revenue Dip

Mumbai’s real estate sector continued its robust performance in April 2025, registering over 12,000 property transactions, a 4% increase compared to the previous year, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra. However, stamp duty revenue saw a 6% decline, totaling ₹990 crore, down from ₹1,058 crore in April 2024.

Knight Frank India, a prominent real estate consultancy, reported that 80% of the registered properties were residential units. The preference for mid-sized apartments, ranging from 500 to 1,000 square feet, remained strong, accounting for 51% of registrations. Meanwhile, smaller units under 500 square feet saw a reduced share, dropping from 44% to 36%, signaling a shift toward more spacious homes.

The demand for premium properties also grew, with 23% of transactions involving properties priced at ₹2 crore or higher, up from 19% in April 2024. Conversely, the share of properties valued below ₹50 lakh fell from 25% to 21%, reflecting a market increasingly favoring higher-value segments.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, attributed the market’s strength to stable economic conditions and ongoing infrastructure developments. “Mumbai’s real estate market continues to demonstrate resilience, with consistent growth in transaction volumes driven by strong buyer confidence,” he said. Baijal also noted that anticipated interest rate reductions could further boost market sentiment in the coming months.

Despite the drop in stamp duty collections, the rise in property registrations underscores Mumbai’s enduring appeal as a real estate hub. The data highlights a dynamic market adapting to evolving buyer preferences while maintaining steady growth.