Mumbai represents about half of the real estate market in the country, in terms of value. | Photo credit: Explore_2005
More than 12,700 property units were registered in Mumbai in April, making the best sales in April in the last 13 years, as housing demand continued, especially in the Premium segment.
The state government data showed that the Government obtained ₹ 1,082 million rupees of the properties sold, 2.2 percent more.
April sales increased 9 percent in the year, but were much lower than more than 15,500 units sold in March.
“Since the RBI has reduced the policy repository rate through 50 cumulative basic points, timely transmission by banks will be essential to improve the affordability and strong feeling of the housing buyer,” said Shishir Baijal, Whamman data.
“As infrastructure updates reinforce the city and continuous aspirations to evolve, supporting support conditions will be key to maintaining market impulse, “he added.
Mumbai represents about half of the real estate market in the country, in terms of value.
House sales with a price greater than ₹ 2 million rupees represented a quarter of transactions with a definitive ascending trajectory.
The data also showed that, although most records were for apartments in the size of 500-1000 square feet, the demand for those above 1,000 square feet remained stable.
Posted on April 30, 2025
