‘Business News
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R&B’s first store launched in Maharashtra, 26th in India
opened its doors earlier this year, reinforcing the brand’s ambitious plan to scale to 250 stores worldwide by the end…
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Samsung Introduces Samsung Finance+ for Bespoke AI Appliances, Offering Quick and Digital Financing for Indian Consumers
Samsung Finance+ is now available for Bespoke AI Appliances at retail outlets and through samsung.com With loan approvals in as little…
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India’s Stainless Steel Industry Demands National Policy Push at GSSE 2025 in Mumbai to Power Infrastructure, Innovation, and Global
Mumbai, : India’s stainless steel industry has issued a strong call for a long-overdue National Stainless Steel Policy to…
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Mumbai records 11,500+ property sales registrations in May 2025; Contributing INR 1,050+ cr to Government revenue: Knight Frank India 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 -END- About Knight Frank Knight Frank LLP is a leading independent, global property consultancy. Headquartered in London, Knight Frank has more than 25,000 people operating from over 604 offices across 58 markets. The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the Company, please visit www.knightfrank.com Knight Frank India is headquartered in Mumbai and has more than 1,600 experts across Bangalore, Delhi, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad. Backed by strong research and analytics, our experts offer a comprehensive range of real estate services across advisory, valuation and consulting, transactions (residential, commercial, retail, hospitality, land & capitals), facilities management and project management. For more information, visit www.knightfrank.co.in For further information, please contact: Piyali Dasgupta +91 9833571204 piyali.dasgupta@in.knightfrank.com Tania Banerjee +91 9819004431 tania.banerjee@in.knightfrank.com
Share of properties worth INR 5 cr and above increased from 5% to 7% Mumbai, June 1, 2024: Mumbai…
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General Insurance Council Unveils ‘Achha Kiya Insurance Liya’ – A Campaign that Unites the Non-Life Insurance Sector Under One Powerful Message
~On-ground activation in 200+ rural and semi-urban towns to educate~ ~Campaign communication in 12 Indian languages~ Mumbai, May 28,…
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SCODA TUBES LIMITED ₹220 CRORE IPO TO OPEN ON WEDNESDAY, MAY 28, 2025
Price Band fixed at ₹130 to ₹140 per Equity Share of face value of ₹ 10 each (“Equity Shares”); The…
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Bigul Introduce US Stocks & ETFs Investing for Indian and NRI Clients via GIFT City
Mumbai – Bigul, the cutting-edge trading platform from Bonanza Portfolio Ltd., has announced the launch of US stock and ETF…
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BUSINESSMAN SUBODH JAYAPRAKASH GIVES CREATIVE VENT TO HIS TAXATION WOES, PRODUCES FILM ‘TAX FREE INDIA’, A RAY OF HOPE FOR TROUBLED TAXPAYERS
MUMBAI, Trading community demands to remove income tax, GST, VAT, excise, custom duty, property tax, MCA ROC, professional tax, stamp…
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Pearl Global Industries delivers highest ever revenue Rs. 4,506 Crores in FY25
New Delhi : Pearl Global Industries Limited (PGIL) (BSE: 532808) (NSE: PGIL), a global fashion and lifestyle company specialising in…
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Jiya Designs Elevates Indian Couture with New Store Launch in Khar
Mumbai, – Mumbai’s couture scene welcomed a striking new chapter as Jiya Designs, known as Jiya by Veer Design Studio,…
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