Mumbai Property Market Booms: 11,504 Sales in May, Generating Rs 1,057 Crore in Revenue
Mumbai's real estate market saw a significant surge in May 2025, with 11,504 property sales, a 5.3% increase from last year. The Maharashtra government collected Rs 1,057 crore in stamp duty, reflecting the robust demand for housing, especially in the western suburbs.
Mumbai Real EstateProperty SalesStamp DutyHousing MarketWestern SuburbsReal EstateJun 01, 2025
The surge in property transactions has been a significant source of revenue for the Maharashtra government, with stamp duty collections amounting to Rs 1,057 crore during the month. This financial influx underscores the economic importance of the real estate sector in Mumbai.
Local home buyers have been the primary drivers of this market, with 86% of the transactions coming from residents within the Mumbai Metropolitan Region (MMR). This indicates a strong preference for local buyers, who are increasingly confident in the stability and potential of the local property market.
On average, 555 property registrations were recorded daily, marking the third consecutive month where daily registrations have remained above the 500 mark. This consistent trend suggests a sustained interest in property purchases, which is a positive sign for the real estate market's health.
Mid-sized homes, particularly flats measuring between 500 and 1,000 square feet, have been the most sought-after, accounting for 47% of total sales. This preference for mid-sized properties reflects the changing needs and preferences of homebuyers, who are likely looking for a balance between affordability and living space.
The western suburbs of Mumbai have been the most active market, contributing 59% of all registrations. This area has become a popular choice for buyers due to its well-developed infrastructure, proximity to commercial areas, and better quality of life.
Knight Frank India, a leading real estate consultancy, noted that the demand for housing in Mumbai remains strong. The firm highlighted that buyers are increasingly opting for projects by reputed developers in the primary market, driven by factors such as trust in brand names and the promise of better quality and amenities.
Overall, the data from May 2025 paints a picture of a resilient and growing real estate market in Mumbai, with strong local demand and significant government revenue. This trend is expected to continue, driven by ongoing urbanization and economic growth in the region.
Frequently Asked Questions
How many property sales were registered in Mumbai in May 2025?
Mumbai registered 11,504 property sales in May 2025.
What was the percentage increase in property sales compared to May last year?
The property sales increased by 5.3% compared to May last year.
How much stamp duty did the Maharashtra government collect in May 2025?
The Maharashtra government collected Rs 1,057 crore in stamp duty in May 2025.
What percentage of property transactions came from local buyers?
86% of the property transactions came from residents within the Mumbai Metropolitan Region (MMR).
Which area of Mumbai contributed the most to property registrations?
The western suburbs of Mumbai contributed 59% of all property registrations.
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