July 3, 2025:
Mumbai’s property market has achieved a notable milestone, with registrations in the first half of 2025 reaching a 10-year high. Between January and June, 75,982 units were registered—marking a 5% increase over the same period in 2024. According to data from the Department of Registrations and Stamps (IGR), Maharashtra, total revenue rose by 15% year-on-year to Rs 67.27 billion, the highest figure recorded in the past decade, as reported by Knight Frank India.
In June 2025 alone, 11,586 property transactions were registered, a slight 1% dip from June 2024. However, revenue for the month increased by 2% year-on-year to Rs 10.31 billion, largely due to a surge in high-value transactions.
Luxury home demand continued to grow, with properties priced above Rs 5 crore accounting for 6% of registrations in June—up from 5% last year. Conversely, the Rs 1–5 crore segment experienced a marginal decline in share.
The Western and Central Suburbs remained dominant, contributing a combined 88% of total registrations. The Western Suburbs led with 57%, followed by the Central Suburbs at 31%. South Mumbai’s share dipped to 6%, indicating reduced interest in traditional prime locations.
Industry leaders attribute the market’s performance to resilient end-user demand, improved income levels, and a rising preference for lifestyle upgrades in well-connected suburban zones.
Commenting on the trend, Prashant Sharma (NAREDCO), Nishant Deshmukh (Sugee Group), Nihar Thakkar (The Mandate House), and Shraddha Kedia-Agarwal (Transcon Developers) highlighted the market’s maturity, shift towards premium housing, and the importance of infrastructure-led development. They emphasised the need for policy stability, faster project delivery, and innovation to sustain momentum.
Mumbai’s performance in H1 2025 underscores the growing appetite for aspirational living and the city’s evolving real estate dynamics.
Source: Construction World
