https://realmirrornews.in/2025/06/mumbai-records-11500-property-sales-registrations-in-may-2025/
Mumbai records 11,500+ property sales registrations in May 2025
Share of properties worth INR 5 cr and above increased from 5% to 7%
Mumbai, June 1, 2024: Mumbai city (under BMC jurisdiction) registered sales of 11,565 property in May 2025, contributing INR 1,062 crore (cr) to the state’s revenue. While property registrations declined by 4% year-on-year (YoY) in May 2025, stamp duty collection witnessed a rise of 3% during the same period. This uptick in revenue is attributed to a rise in transactions in the INR 5 cr and above segment. The market continues to be driven by residential demand, with 80% of all registrations in the month attributed to residential properties.
Mumbai property sale registration and government revenue collection
| Period | Registration (Units) |
YoY | MoM | Revenue (INR cr) |
YoY | MoM |
| Apr-24 | 11,648 | 11% | -18% | 1,058 | 18% | -6% |
| May-24 | 12,000 | 22% | 3% | 1,034 | 24% | -2% |
| Jun-24 | 11,673 | 13% | -3% | 1,014 | 18% | -2% |
| Jul-24 | 12,373 | 21% | 6% | 1,064 | 28% | 5% |
| Aug-24 | 11,631 | 7% | -6% | 1,062 | 31% | 0% |
| Sep-24 | 9,111 | -15% | -22% | 877 | -22% | -17% |
| Oct-24 | 12,960 | 22% | 42% | 1,205 | 44% | 37% |
| Nov-24 | 10,216 | 5% | -21% | 925 | 30% | -23% |
| Dec-24 | 12,418 | 1% | 22% | 1,134 | 21% | 23% |
| Jan – 25 | 12,249 | 12% | -1% | 994 | 31% | -12% |
| Feb-25 | 12,066 | 0.1% | -1% | 935 | 6 | -6% |
| Mar-25 | 15,501 | 10% | 28% | 1,589 | 42% | 70% |
| Apr-25 | 13,080 | 12% | -16% | 1,115 | 5% | -30% |
| May-25 | 11,565 | -4% | -12% | 1,062 | 3% | -5% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank Research
Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “In May 2025, Mumbai residential market saw a 4% YoY decline in property registrations, as properties priced between INR 1–5 cr recorded a slowdown in sales momentum. However, this dip did not impact the revenue collection, owing to higher sales velocity for properties priced above INR 5 cr. On a year-to-date basis, Mumbai recorded a 24% YoY increase in registrations, totalling 64,461 properties, and a 17% rise in revenue, with stamp duty collections exceeding INR 5,696 cr.”
Ticket size category wise transactions
| Category | May – 24 | May-25 | ||||||
| Less than 1 crore | 43% | 44% | ||||||
| 1 to 2 crores | 33% | 32% | ||||||
| 2 to 5 crores | 19% | 17% | ||||||
| 5 crore and above | 5% | 7% | ||||||
| Category | May – 24 | May – 25 | % Change (YoY) |
|||||
| Less than 1 crore | 5,118 | 5,129 | 0% | |||||
| 1 to 2 crores | 3,959 | 3,681 | -7% | |||||
| 2 to 5 crores | 2,306 | 1,990 | -14% | |||||
| 5 crore and above | 617 | 765 | 24% | |||||
May 2025 saw a clear divergence in buyer activity, with growth concentrated at the higher ends of the price spectrum. Registrations for properties priced above INR 5 cr increased from 5% in May 2024 to 7% in May 2025. In contrast, the mid-priced segments, particularly those between INR 1 cr to 5 cr, witnessed a decline in share.
Properties up to 1,000 sq ft continue to lead in registrations
Apartments up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in May 2025, accounting for 83% of all transactions—unchanged from the previous year. Within this category, the 500–1,000 sq ft range remained the most preferred, with a 44% share. However, larger homes witnessed growing interest: units measuring 1,000–2,000 sq ft saw a marginal increase in share from 13% to 14%, while those over 2,000 sq ft rose from 2% to 3%. This trend highlights a steady, if gradual, shift in buyer appetite toward more spacious living, even as compact homes continue to lead in overall volumes.
Area wise breakup of apartment sales
| Area (sq ft) | May – 24 | May-25 |
| Up to 500 | 39% | 39% |
| 500 – 1,000 | 45% | 44% |
| 1,000 – 2,000 | 13% | 14% |
| over 2,000 | 2% | 3% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank Research
Western Suburb and Central Suburb account for 87% of the total market share
The Western and Central Suburbs remained the dominant real estate hubs, accounting for 87% of the total market share. However, South Mumbai witnessed an uptick in share of property registrations by 1%.
Micro-Market wise breakup of apartment sales
| Micro-market | Share in May 2024 | Share in May 2025 |
| Central Mumbai | 6% | 6% |
| Central Suburbs | 29% | 30% |
| South Mumbai | 7% | 8% |
| Western Suburbs | 57% | 57% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank Research
