New Delhi, July 02, 2025: Mumbai registered 11,586 property transactions in June 2025, marking a marginal 1% dip compared to 11,673 units in June 2024, according to data from the Department of Registrations and Stamps (IGR), Maharashtra. Despite the slight decline in volume, registration revenue rose by 2% year-on-year to ₹1,031 crore.
The first half of 2025 (January–June) recorded 75,982 property registrations — a 5% increase over the same period last year — generating ₹6,727 crore in revenue, up 15% YoY. Both figures represent the strongest half-yearly performance since 2013, as per Knight Frank India analysis.
June 2025 also witnessed a notable uptick in demand for high-value homes. Properties priced above ₹5 crore accounted for 6% of total registrations, up from 5% a year ago. In contrast, the ₹1–5 crore segment saw a decline in its share, the Knight Frank analysis showed.
Geographically, Mumbai’s residential momentum remained anchored in the Western and Central Suburbs, which together contributed 88% of total registrations, up from 86% last year. The Western Suburbs led with a 57% share, followed by 31% from the Central Suburbs. Meanwhile, South Mumbai’s share declined to 6%, indicating subdued activity in the city’s prime locales.
Experts suggest that Mumbai’s residential market continues to be driven by end-user demand, rising income levels, and a growing appetite for lifestyle upgrades, particularly in well-connected and amenity-rich suburban hubs.
Mr. Prashant Sharma, President, NAREDCO Maharashtra
“Mumbai’s performance in the first half of 2025 clearly reflects the market’s resilience and the underlying strength of real estate demand. Despite a marginal year-on-year dip in June registrations, the 5% growth in H1 volumes and a notable 15% rise in revenue collection highlight both sustained end-user interest and movement in higher-ticket-size segments. The preference for Western and Central suburbs reiterates the role of infrastructure-led development and better connectivity in driving homebuyer sentiment. Going forward, continued policy support and timely project completions will be crucial to maintain this momentum.”
Mr. Nishant Deshmukh, Founder and Managing Partner, Sugee Group
“The Mumbai market has once again demonstrated its robustness, with the first half of 2025 registering the strongest performance in over a decade. The increased revenue and volume growth are positive indicators of sustained buyer confidence. The slight moderation in June is a healthy sign of market stability and reflects typical seasonal trends. What’s particularly encouraging is the increasing activity in high-value transactions, which bodes well for luxury and premium housing segments, especially in emerging growth corridors.”
Mr. Nihar Thakkar, Founder, The Mandate House Private Ltd.
“The latest data underlines how Mumbai’s real estate market is evolving into a more mature and segmented ecosystem. The rise in high-ticket registrations signals wealth creation and a strong appetite for aspirational living. While the mid-market segment has seen a slight dip, it still holds immense potential, especially with the right mix of government incentives and product innovation. The dominance of the Western and Central Suburbs reflects a continued shift in demand hubs, driven by lifestyle preferences and connectivity enhancements.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers
“The real estate landscape in Mumbai is witnessing a shift towards more premium housing, as seen from the growing share of registrations in the ₹5 crore-plus category. This indicates a maturing market where buyers are prioritising lifestyle, amenities, and future-ready infrastructure. The increased traction in the Western Suburbs aligns with this trend, as these locations offer a strong mix of quality developments and urban convenience. Despite economic headwinds, the market has displayed a remarkable ability to adapt, evolve, and grow.”
Corporate Comm India (CCI Newswire)