Are Property Registrations in Mumbai Reaching New Heights with a 17% Revenue Surge?
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Synopsis
Property registrations in Mumbai have surged, with a stunning 17% revenue increase in early 2025. Discover the implications of this growth on the luxury market and overall real estate trends in this comprehensive report.
Key Takeaways
- Record revenue from property registrations in Mumbai at Rs 5,695 crore.
- 17% increase compared to last year.
- 64,461 properties registered in the first five months of 2025.
- Luxury market faces an increase in unsold stock.
- Average home price reaches Rs 1.59 crore, highest since 2019.
Mumbai, May 31 (NationPress) Property registrations across various budget categories in the city have reached unprecedented levels in the first five months of 2025, according to a recent report released on Saturday.
The Maharashtra State Revenue Department reported that the total revenue generated from property registrations in Mumbai from January to May 2025 has hit a remarkable high.
Data from the Inspector General of Registration (IGR), Maharashtra, indicated that the cumulative revenue from property registrations in Mumbai was approximately Rs 5,695 crore during the first five months of 2025, as per the insights from Anarock Group.
This represents an impressive 17 percent increase compared to the same period last year (January-May 2024), which saw revenues around Rs 4,860 crore.
In terms of property registrations, 64,461 properties were registered in the city during these five months, compared to 60,818 properties in the previous year, marking a 6 percent rise.
“A closer look at the data reveals that May 2025 recorded the second-highest number of property registrations since 2019, with over 11,562 properties registered,” stated Anuj Puri, Chairman of Anarock Group.
The revenue collected for May stood at around Rs 1,062 crore. In comparison, May 2024 saw the highest number of registrations at approximately 11,999, about 4 percent more than this year.
Furthermore, the luxury residential market in Mumbai continued to thrive in Q1 2025. However, a substantial increase in supply within this segment (homes priced above Rs 2.5 crore) has led to a rise in inventory, according to the report.
Anarock's data indicates that for the first time since 2022, Q1 2025 experienced a 36 percent annual increase in unsold luxury homes — from nearly 6,180 units at the end of Q1 2024 to about 8,420 units at the end of Q1 2025.
“The rise in unsold luxury stock is largely due to significant new unit additions in this price range over the past year. In 2024, around 16,480 units were added in the Rs 2.5 crore and above budget category throughout the Mumbai Metropolitan Region (MMR), with an additional 5,294 units added in Q1 2025,” Puri explained.
Further examination of property registration data and demand trends from January to May shows that the average price of homes sold reached Rs 1.59 crore — the highest since 2019, indicating a trend towards the sale of high-ticket properties.
Point of View
It is evident that the robust growth in property registrations in Mumbai underscores the city's resilience in the real estate sector. The increase in revenue and property sales reflects a strong demand, despite challenges in the luxury market segment. Our analysis remains focused on the evolving trends that impact stakeholders across the nation.
NationPress
26/07/2025
Frequently Asked Questions
What is the total revenue generated from property registrations in Mumbai for the first five months of 2025?
The total revenue generated from property registrations in Mumbai for the first five months of 2025 is approximately Rs 5,695 crore.
How much did property registrations increase in Mumbai compared to last year?
Property registrations in Mumbai increased by 6 percent compared to the same period last year.
What was the average price of homes sold in Mumbai during this period?
The average price of homes sold in Mumbai from January to May 2025 was Rs 1.59 crore.
How many luxury homes were added to the market in Q1 2025?
In Q1 2025, approximately 5,294 luxury homes were added to the market.
What impact has the increase in unsold luxury stock had on the market?
The increase in unsold luxury stock indicates a significant rise in new unit additions and may affect pricing and sales strategies in the luxury market.
