According to fresh data from the Maharashtra State Revenue Department, property registrations in the city touched a historic high of 75,672 units between January and June 2025, marking a 4% year-on-year (YoY) growth over the same period last year.
Revenue collections from these registrations surged to Rs 6,699 crore, a robust 14% increase compared to Rs 5,874 crore in H1 2024, reflecting continued buyer appetite and rising property prices.
“June 2025 alone witnessed 11,211 property registrations, the second highest for the month in six years,” said Anuj Puri, Chairman, ANAROCK Group.
“Although this figure was 4% lower than the 11,673 registrations seen in June 2024, revenue collection remained resilient at Rs 1,004 crore—just 1% below last year’s level. This shows that despite a slight decline in the number of deals, the market is being buoyed by the sale of higher-value properties.”
March 2025: A Historic Surge
One of the standout months was March 2025, when 15,501 properties were registered, making it the highest March total in the past three years. The surge was largely attributed to a rush by buyers to lock in purchases before the 3.9% hike in Maharashtra’s ready reckoner rates for FY26 came into effect.
The month raked in over Rs 1,589 crore in revenue, underscoring the urgency among homebuyers to beat the price hike.
Only two months in recent memory—December 2020 (19,581 registrations) and March 2021 (17,728)—have surpassed these numbers, both during the pandemic-era stamp duty concessions.
High-Value Homes Drive Growth
Interestingly, the robust registration data comes at a time when overall housing sales in the Mumbai Metropolitan Region (MMR) saw a decline.
According to ANAROCK Research, 62,890 units were sold in MMR in H1 2025, down 34% from 84,465 units in H1 2024. However, the average ticket size of homes sold in Mumbai rose to Rs 1.60 crore, up from INR Rs crore last year and significantly higher than Rs 1.02 crore in H1 2021, reflecting a 55% jump over four years.
“This indicates a clear shift towards premium housing,” Puri noted.
Key Highlights:
75,672 properties registered in H1 2025, up 4% YoY
Revenue collection: Rs 6,699 crore, up 14% from H1 2024
Average ticket size: Rs 1.60 crore, 3% higher than last year
March 2025 registrations: 15,501 units, highest March tally in three years
Despite a 34% dip in MMR housing sales, Mumbai’s registration activity remains strong
The Road Ahead:
Mumbai’s property market has once again proven its resilience. Despite geopolitical tensions and fluctuating macroeconomic signals, the city has continued to attract high-value investments in real estate.
With premium housing leading the charge, and strategic policy timing influencing buyer behavior, Mumbai’s real estate narrative remains one of long-term strength and evolving sophistication.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)