Did Mumbai Achieve a Record 52,896 New Property Registrations in Jan-April?

Mumbai, May 1 (NationPress) Despite ongoing geopolitical issues and a global economic downturn, Mumbai has reached an unprecedented milestone of 52,896 new property registrations from January to April this year. This indicates an 8 percent increase compared to the 48,819 properties registered in the equivalent period of 2024, as per a report by real estate consultancy Anarock released on Thursday.

Data from the Inspector General of Registration (IGR), Maharashtra, shows that the overall revenue accrued from property registrations in Mumbai stands at approximately Rs 4,633 crore during the first four months of 2025. This marks a significant 21 percent increase over the same timeframe last year (January - April 2024), when the revenue was Rs 3,836 crore.

Anarock's chairman, Anuj Puri, noted that “A further evaluation of registration data and demand trends from January to April indicates that the average price of homes sold was Rs 1.57 crore, which mirrors the figures from 2023 and 2024 where it stood at Rs 1.56 crore.

“In the same period of 2021, the average price was significantly lower at Rs 1.02 crore. This signifies a remarkable 54 percent increase from January-April 2021 to January-April 2025. In summary, 2025 continues to see a surge in sales of high-end properties compared to more affordable options,” he added.

According to the Maharashtra State Revenue Department, both the total revenue from property registrations and the number of registrations in Mumbai from January to April 2025 have reached record levels, as reported.

A closer look reveals that April 2025 recorded the highest number of property registrations for this month in the last seven years (since 2019), with over 13,080 properties registered. The revenue in April 2025 was around Rs 1,115 crore. In contrast, April 2024 saw approximately 11,648 registrations, which is about 12 percent lower than this year, and revenue collection last year was also nearly 5 percent lower.

Although housing sales in the Mumbai Metropolitan Region (MMR) remained subdued during Q1 2025, the surge in registrations during the first four months of the year is noteworthy. Anarock Research reports that around 21,930 units were sold in Mumbai during Q1 2025—an approximate 28 percent decline compared to Q1 2024.

Puri elaborated, “A crucial factor contributing to the rise in property registrations during this period was the record activity in March, with 15,501 properties registered. This spike followed the announcement of a 3.9 percent increase in Maharashtra's ready reckoner rates for FY26. March 2025 saw the highest number of property registrations in the last three years. The previous peak was in December 2020 with 19,581 registrations, followed closely by March 2021 with 17,728 registrations.”