August 1, 2025: Mumbai, India’s largest and most expensive property market, maintained a steady performance in July, supported by strong end-user demand and a growing inclination towards larger, premium homes. The city’s ongoing infrastructure development and stable interest levels have helped sustain momentum, even after the hike in property prices and ready reckoner rates implemented from April 1.
According to data from the Maharashtra Inspector General of Registration (IGR), Mumbai recorded 12,510 property registrations in July, maintaining the pace seen last year. Stamp duty collections rose 5.4% year-on-year to Rs 1,121 crore.
“Mumbai’s residential market continues to reflect strong buyer sentiment, with monthly registrations consistently exceeding 12,000. While demand in the mid-ticket segment has moderated slightly, appetite for homes priced above Rs 5 crore remains robust, aiding healthy revenue generation,” said Shishir Baijal, CMD, Knight Frank India.
This marked the tenth straight month with over 11,000 registrations — a testament to resilient market sentiment. Month-on-month, registrations rose by 7% while stamp duty collections were up 6%.
“The rise in housing demand reflects growing confidence due to infrastructure improvements. With metro lines, highways, a new airport, and upgraded civic amenities coming up, buyers are increasingly exploring emerging corridors,” noted Anuj Goradia, Director, Dosti Realty.
Between January and July, registrations increased 5% year-on-year to 88,570, while stamp duty revenues surged 14% to Rs 7,853 crore — the strongest seven-month period on record.
Residential transactions continued to dominate, accounting for 80% of July’s registrations. Homes priced above Rs 5 crore made up 6% of deals, up from 5% last year, while sub-₹1 crore homes saw a marginal rise. Units up to 1,000 sq ft made up 82% of transactions, with 500–1,000 sq ft flats contributing 46%. The western and central suburbs led activity, comprising 88% of all registrations.
Source: Economic Times
