July 2 , 2025: Mumbai recorded 11,586 property registrations in June 2025—a marginal 1% year-on-year decline compared to 11,673 in June 2024, according to data from the Maharashtra Department of Registrations and Stamps (IGR). Despite this minor dip, stamp duty collections rose by 2% to Rs 1,031 crore, indicating a growing preference for higher-value properties.
The city’s broader performance during the first half of 2025 (January to June) remained strong, with 75,982 properties registered—an increase of 5% over H1 2024. Revenue from stamp duty climbed to Rs 6,727 crore, marking a 15% year-on-year growth. Knight Frank India noted that this represents the strongest first-half performance since 2013 in terms of both volume and revenue.
A key trend emerging in June was the rising demand for premium housing. Properties priced above Rs 5 crore comprised 6% of registrations, up from 5% in the previous year. Meanwhile, the Rs 1 to Rs 5 crore category witnessed a slight decline, signalling a shift in buyer preferences towards luxury segments.
Geographically, 88% of sales were concentrated in Mumbai’s Western and Central Suburbs, with the Western Suburbs alone accounting for 57%. South Mumbai’s share dipped to 6%, highlighting reduced activity in older prime areas.
Prashant Sharma, President of NAREDCO Maharashtra, attributed the momentum to improved connectivity and infrastructure. Shraddha Kedia-Agarwal of Transcon Developers echoed this, citing adaptability and buyer resilience. Nishant Deshmukh of Sugee Group called the June moderation a sign of market maturity.
Analysts credit the market’s robustness to end-user demand, rising incomes, and lifestyle-led choices in well-connected locales. Nihar Thakkar of The Mandate House noted a clear evolution in the city’s real estate ecosystem, with high-ticket deals reflecting aspirational living and long-term investment confidence.
Source: SME Features
