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Property registrations in Mumbai Municipal Corporation (BMC) limits reached 13,824 units in July, marking a 10% year-on-year increase and the highest registration level for the month in the last 14 years, according to Knight Frank India. The growth was supported by sustained homebuyer demand across both primary and secondary housing markets. Industry experts said end-user demand remains healthy, particularly for projects by established developers. The latest performance follows a strong trend seen in recent months, highlighting continued buyer confidence in Mumbai's residential market despite a higher base.
Mumbai recorded 13,824 property registrations within the Brihanmumbai Municipal Corporation (BMC) limits in July, registering a 10% increase compared to 12,579 registrations during the same month last year, according to Knight Frank India.
The consultancy said the latest figures represent the strongest July performance in more than 14 years. The data, compiled from the Maharashtra government's Department of Registrations and Stamps, includes transactions from both the primary and secondary real estate markets.
According to Knight Frank India, the registration data was recorded until 9:30 pm on July 31. The rise in registrations reflects continued demand for residential properties in the country's largest housing market despite the higher base recorded a year earlier.
Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said Mumbai's residential market continued to show strong depth by delivering its best July registration numbers in over 14 years. He noted that the sustained performance indicates resilient end-user demand and continued confidence among homebuyers in owning residential property.
Industry participants also pointed to healthy demand for branded housing projects. Akhil Saraf, Founder of proptech firm Reloy, said demand for residential properties remains strong, particularly for apartments developed by large and well-established real estate developers.
Mumbai has continued to remain one of India's most active residential markets, supported by steady demand from end-users as well as buyers looking for long-term investment opportunities. In recent quarters, the city has consistently reported healthy property registrations, reflecting stable market sentiment despite changes in interest rates and rising residential prices. The latest registration figures further reinforce this trend across both new home sales and resale transactions.
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