According to a recent report by Nuvama Institutional Equities, the share of high-value properties rose to 25% in April 2025, up from 22% in April 2024 and 19% in March 2025, signaling a clear resurgence in the premium housing segment.
The report attributes this trend to increased new launches, improved city infrastructure, and a pick-up in demand for centrally located, well-connected homes—particularly in South and Central Mumbai, which saw a 1% year-on-year uptick in registration share.
While the total number of housing units registered in Mumbai rose 12% YoY to 13,080 units, there was a 16% MoM decline, largely due to buyers advancing purchases to March 2025 ahead of the 3.4% hike in ready reckoner rates effective April.
In value terms, the April 2025 registrations totaled Rs 18,600 crore, reflecting a 5% YoY increase despite a 30% MoM dip, underscoring the growing traction in the premium segment.
Larger units (above 1,000 sq ft) also gained share, rising to 17% from 14% in March, although compact homes continued to dominate overall registrations.The central and western suburbs contributed to 85% of total registrations, but the rise in demand for premium locations and larger ticket-size homes indicates increasing confidence among affluent buyers.The average ticket size in April stood at ₹1.42 crore, down 6% YoY and 17% MoM, due to a diversified buyer mix and some pullback after March’s advance demand.
Looking ahead, Nuvama expects sales momentum to remain robust, supported by a strong launch pipeline, improving cash flows for developers, and a possible moderation in mortgage rates.
The report identifies Lodha, Oberoi, Godrej Properties, Sunteck, and Rustomjee as key beneficiaries of this trend, given their strong presence in Mumbai’s premium residential market.
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