Mumbai Property Market Sees 4% Rise in Registrations to 88,639 Units in Jan-Jul: Report
The Mumbai real estate market has witnessed a robust 4% increase in property registrations, totaling 88,639 units from January to July. This growth reflects strong buyer confidence and a resilient market.
Mumbai Real EstateProperty RegistrationsKnight Frank IndiaProperty MarketReal EstateReal Estate MumbaiAug 02, 2025
As many as 84,866 units were registered in Mumbai's municipal region during the first seven months of the last calendar year. The data relates to transactions in both primary and secondary property markets.
The government's revenue from these registrations rose by 13 per cent year-on-year to Rs 7,854 crores, real estate consultant Knight Frank India said, citing data from the Maharashtra government.
On both metrics, the consultant said that Mumbai recorded the strongest performance since 2013 for the January-July period. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, "Mumbai's residential market continues to show steady buyer confidence."
In July, the registration of properties increased 2 per cent to 12,579 units as against 12,373 units in the same month last year.
Commenting on the data, Akhil Saraf, Founder and CEO of proptech firm Reloy, said, "Real assets like housing, especially in key cities of India, will continue to retain intrinsic value. As more money chases fewer quality assets, property prices are likely to remain resilient and trend upward over the medium to long term."
This positive trend in the Mumbai property market is attributed to several factors, including stable economic conditions, competitive home loan rates, and the ongoing demand for quality residential units. The government's initiatives to streamline the registration process and reduce bureaucratic hurdles have also played a significant role in boosting buyer confidence.
The strong performance of the Mumbai property market is not only a reflection of the city's economic resilience but also its status as a preferred destination for both domestic and international investors. The city's robust infrastructure, coupled with a vibrant job market, continues to attract a steady influx of homebuyers and real estate investors.
In conclusion, the 4% increase in property registrations in Mumbai from January to July underscores the market's resilience and the strong underlying demand for residential properties. This trend is expected to continue, driven by favorable economic conditions and proactive government policies.
Frequently Asked Questions
What is the percentage increase in property registrations in Mumbai from January to July?
Property registrations in Mumbai increased by 4% from January to July, totaling 88,639 units.
How much did the government's revenue from property registrations increase year-on-year?
The government's revenue from property registrations increased by 13% year-on-year to Rs 7,854 crores.
Why is the Mumbai property market showing strong performance?
The strong performance is attributed to stable economic conditions, competitive home loan rates, and the ongoing demand for quality residential units. Government initiatives to streamline the registration process have also played a significant role.
What does Akhil Saraf, Founder and CEO of Reloy, predict about the future of the Mumbai property market?
Akhil Saraf predicts that real assets like housing, especially in key cities of India, will continue to retain intrinsic value. Property prices are likely to remain resilient and trend upward over the medium to long term.
What factors are driving the demand for residential properties in Mumbai?
The demand for residential properties in Mumbai is driven by the city's robust infrastructure, a vibrant job market, and its status as a preferred destination for both domestic and international investors.
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