Real estate
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Raymond Realty Set to List on Exchanges Marks Creation of Pure-Play Real Estate Entity
Real Estate arm of century-old Raymond Group to list Move aimed at unlocking shareholder value by creating a focused, net…
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CREDAI-MCHI backs India’s first career conclave for architects — WOArchitect Career Conclave 2025 to shape the future of the profession
Mumbai… For the first time in India, the architecture community is set to experience a groundbreaking initiative dedicated solely to…
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UniMax World unveils new logo, signalling a purpose-led growth phase with ₹500 Cr topline in the Navi Mumbai real estate sector
Mumbai, — UniMax World, a new-age real estate enterprise known for building thoughtful living spaces, today unveiled its refreshed brand…
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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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Shapoorji Pallonji Real Estate, KREEVA, and ASK Property Fund launch over ₹1,400 Cr luxury project in Gurugram
~ the 198-unit luxury development marks a strategic entry into Gurugram’s core micro-market, offering strong return potential for investors~ Mumbai,…
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Step Into Sobé Decor: Bangalore’s New Luxury Home Decor Destination
Mumbai,: Bangalore, the Silicon Valley of India, has always been a city of contrasts, blending tradition with modernity. Now, the…
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Ganesh Housing unveils the visionary Million Minds Tech City at the ‘Gujarat IT/ITES Policy 2022-27 Roadshow’ held in Bengaluru
Bengaluru, : Ganesh Housing Corporation Limited, in partnership with the Government of Gujarat and the Department of Science and Technology, successfully…
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