Mumbai accounts for around half of the property market in the country, in terms of value.
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Explora_2005
More than 12,700 property units were registered in Mumbai in April making it the best sales in April over the last 13 years, as demand for housing continued, especially in the premium segment.
State government data showed that the government earned ₹1,082 crore from the properties sold, up 2.2 per cent on year.
The April sales were up 9 per cent on year but was much lower than the over 15,500 units sold in March.
“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,” said Shishir Baijal, Chairman & Managing Director, Knight Frank India, which has analysed the data.
“As infrastructure upgrades reshape the city and aspirations continue to evolve, supportive financial conditions will be key to sustaining market momentum,” he added.
Mumbai accounts for around half of the property market in the country, in terms of value.
Sales of houses priced above ₹2 crore accounted for a fourth of the transactions with a definite upward trajectory.
The data also showed that while most of the registrations were for apartments in the size 500-1,000 square feet, demand for those above 1,000 square feet remained stable.
Published on April 30, 2025