Mumbai Property Market Surges: 11,504 Sales in May, Rs 1,057 Crore in Revenue
Mumbai's real estate market saw a significant uptick in May 2025, with 11,504 property sales registered, marking a 5.3% increase from the previous year. The Maharashtra government earned Rs 1,057 crore through stamp duty collections.
Real EstateProperty SalesMumbaiStamp DutyHousing MarketReal Estate NewsJun 01, 2025
The local home buyers played a crucial role in this surge, with 86% of the transactions coming from residents within the Mumbai Metropolitan Region (MMR). This indicates a strong local demand for housing, driven by factors such as improved economic conditions and a stable job market.
On average, 555 property registrations were recorded daily, marking the third consecutive month where daily registrations remained above the 500 mark. This consistent performance suggests a sustained recovery in the real estate sector, which has been on the rebound since the easing of pandemic-related restrictions.
Mid-sized homes, particularly flats measuring between 500 and 1,000 square feet, were the most sought-after, accounting for 47% of total sales. This trend highlights the preference for affordable and manageable living spaces, especially among first-time homebuyers and young families.
The western suburbs of Mumbai have been the primary contributors to the market, with 59% of all registrations coming from this area. This region has seen significant development in recent years, with new infrastructure projects and improved connectivity making it an attractive option for homebuyers.
Knight Frank India noted that the demand for housing in Mumbai continues to be strong, with buyers increasingly opting for projects by reputed developers in the primary market. This shift towards established developers is a positive sign, as it indicates a growing trust in the quality and reliability of new housing projects.
Overall, the strong performance of Mumbai's real estate market in May 2025 is a testament to the resilience and potential of the sector. As the market continues to evolve, it is likely that we will see further growth and development in the coming months.
Frequently Asked Questions
What was the total number of property sales registered in Mumbai in May 2025?
11,504 property sales were registered in Mumbai in May 2025.
How much revenue did the Maharashtra government earn from stamp duty collections in May 2025?
The Maharashtra government earned Rs 1,057 crore from stamp duty collections in May 2025.
What percentage of the property sales came from local buyers within the MMR?
86% of the property sales came from local buyers within the Mumbai Metropolitan Region (MMR).
What type of homes were the most popular in Mumbai's real estate market in May 2025?
Mid-sized homes, particularly flats measuring between 500 and 1,000 square feet, were the most popular, accounting for 47% of total sales.
Which area of Mumbai contributed the most to property sales in May 2025?
The western suburbs of Mumbai contributed the most to property sales, with 59% of all registrations coming from this area.
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