Mumbai logs over 12,000 property deals in April; revenue nears Rs 9.9 bn

30 Apr 2025 CW Team

Mumbai (BMC limits) is set to clock over 12,142 property registrations in April 2025, contributing more than Rs 9.9 billion in state revenue, according to Knight Frank India. This marks the city’s strongest April performance in 13 years, registering a 4 per cent year-on-year rise in volumes. However, stamp duty revenue dipped by 6 per cent during the same period.

Residential transactions continue to dominate, accounting for 80 per cent of total registrations. Notably, premium housing gained momentum, with the share of properties priced above Rs 2 crore rising from 22 per cent to 25 per cent, totalling 3,010 units. Homes below Rs 50 lakh maintained a 14 per cent share.

Apartments up to 1,000 sq ft led registrations, while units sized 1,000–2,000 sq ft held steady at 14 per cent. Larger homes above 2,000 sq ft continued to attract niche demand, holding a 3 per cent share.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “Property registrations in April 2025 have touched a 13-year high for the month, with over 12,142 units recorded. This performance, backed by a 4% YoY growth, also highlights the growing preference for premium homes. Properties priced above INR 2 cr now account for 25% of total registrations, up from 22% a year ago. 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. As infrastructure upgrades reshape the city and aspirations continue to evolve, supportive financial conditions will be key to sustaining market momentum."

Photo: Freepik

Infrastructure Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..