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Mumbai property registrations hit record high in March before April rate hike
The Business Guardian
|April 03, 2025
Mumbai real estate market saw a notable surge in housing registrations in March 2025, with the number of unit registrations up by 10 per cent year-on-year (YoY) to 15,501 units.
The total value of registered properties also spiked by 42 per cent YoY, to Rs 265 billion.
According to a research report by Nuvama, higher registrations were done because reckoner rates are going to increase by 3.4 per cent in Mumbai and 3.9 per cent for Maharashtra from this month (April, 2025).
This growth is attributed to advance purchases by consumers ahead of the expected hike in ready reckoner rates, set to take effect from the current month (April 2025).
According to the report, about 80 per cent of the registrations during the month were of residential properties.
This story is from the April 03, 2025 edition of The Business Guardian.
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