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States » WestPosted at: May 1 2025 12:00PM


Mumbai records highest number of property registration in April

Mumbai May 1 (UNI) For the first time after a gap of nearly a decade, Mumbai recorded the highest number of property registrations in April, according to data released by Knight Frank India, which is a leading international property consultant providing personalized advice on commercial and residential real estate solutions.
Data reported that 12,142 property registrations were done under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC) boundaries for an increase of 4 per cent from April last year.
The data indicates a strong and increasing need for housing in Mumbai amid headwinds in global and domestic economies.
The information also indicates a significant increase in the premium segment of housing.
Properties worth over Rs 2 crore contributed to 25 per cent of total registrations, from 22 per cent in April 2024.
In contrast, affordable housing, which includes properties worth up to Rs 50 lakh, recorded a consistent proportion of 14 per cent, indicating a stable demand across the price range. On the other hand, flat measuring 1,000 sq ft, continued to be the favourite among home buyers.
Units between 1,000 and 2,000 sq ft had a steady 14 per cent market share, and those above 2,000 sq ft accounted for 3 per cent of the market, reflecting that aspirational buyers continue to look for sprawling living areas as per the report.
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