Mumbai achieves historic high in quarterly residential sales; leads in India-Facing transactions in prime eight markets in Q1 2025: Knight Frank India
Mumbai achieves historic high in quarterly residential sales; leads in India-Facing transactions in prime eight markets in Q1 2025: Knight Frank India Office space transaction volume at historic quarterly high of 3.5 mn sq ft in Q1 2025 Mumbai constituted 28% of the entire residential sales in the country Mumbai, April 3 rd , 2025 : Knight Frank India’s latest report, India Real Estate: Office and Residential (January - March 2025) Q1 2025 highlights Mumbai’s dominance as the largest residential market in the country. The city recorded 24,930 primary residential unit sales in Q1 2025, marking a historic high since Q1 2018 with a 5% YoY growth. Developers leveraged this strong momentum by launching 25,706 new units, a 2% year-on-year (YoY) increase. Average residential prices surged by 6% YoY to reaching INR 8,360/sq ft in Q1 2025, reinforcing Mumbai’s position as a high-demand market. Mumbai’s unsold inventory saw a marginal dip...