The real estate market in Mumbai showed significant strength in March 2025.
The impact of the tremendous demand of homes in Mumbai was that the registration of properties in Mumbai municipal area increased by 9.5 percent annually to 15,482 units in March, while in March 2024, 14,149 units of properties were registered in March 2024. According to PTI news, in February 2025, property registration was 12,066 units. Citing the data of the Maharashtra government, Real Estate Consultant Night Frank India said on Monday that the real estate market in Mumbai showed significant strength in March 2025.
Revenue of about Rs 1,600 crore
According to the news, the Maharashtra government earned a revenue of about Rs 1,600 crore through registration of properties in March due to high price transactions, which is the highest ever. Consultant stated that this boom reflects a combination of strong homebire feelings, stable economic conditions and development of large scale infrastructure. The dominance of residential properties continued, which was about 80 percent of all registration in March. Shishir Baijal, chairman and managing director of Knight Frank India, said that the strong demand for premium houses continuously reflects the trust and economic stability of the buyer, while the priority for large apartments indicates the growing aspirations of home buyers.
If the interest rates are relaxed, the market will get a boost
In the coming months, the requirement of interest rates is expected to further boost market notion. Commenting on these figures, Akhil Saraf, founder and CEO of the Propopak firm Railway, said that despite facing some interruptions in sales in the last few months, it is encouraging to see that the registration number in the Mumbai region has increased compared to last year. This is a positive sign that market is on the path of reform.
He said that the demand by the Reserve Bank of India is likely to be strong in the 2025-26 financial year due to the possibility of deduction in interest rates. Saraf said that demand in high-end and luxury segment is continuously increasing. Eminent developers with good location projects and desired facilities are selling their assets fast and we hope that this trend will remain.
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