Mumbai Property Market Surges to Best-Ever First Half in 2025
Mumbai's property market witnessed a record-breaking first half of 2025, driven by robust homebuyer demand, lower loan rates, and significant infrastructure upgrades.
Mumbai Property MarketReal EstateHome LoansInfrastructure UpgradesResidential MarketReal Estate MumbaiJun 30, 2025
The momentum has sustained, with the financial capital registering over 75,933 property deals in the first half of 2025, up 5% year-on-year. The state exchequer fetched Rs 6,727 crore in stamp duty, a 15% rise, marking the strongest half-yearly performance on both counts, as per data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
“Mumbai’s residential market continues to reflect steady buyer confidence, with monthly registrations consistently staying above the 11,000-mark year-on-year. What is particularly encouraging is that this sustained demand has led to the city’s strongest half-yearly performance. While we have seen some cooling in the mid-price segments, the appetite for larger homes and properties priced above Rs 5 crore remains strong, driving healthy revenue collections,” said Shishir Baijal, CMD, Knight Frank India.
In June, property registrations and stamp duty collection reached over 11,521 deals and Rs 1,021 crore, respectively. This indicates a consistent and robust performance throughout the first half of the year.
“The sales pattern underscores a structural shift in demand, particularly for larger, high-value exclusive homes, as buyers continue to prioritize long-term lifestyle, community living, and location choices. This trend is being reinforced by the government’s ongoing efforts to upgrade infrastructure across the Mumbai region. These developments are not only enhancing connectivity but also reshaping buyer perceptions of emerging micro-markets,” said Parthh K Mehta, CMD, Paradigm Realty.
According to experts, the recent reduction in home loan rates following the Reserve Bank of India’s decision to lower the Repo rate by 50 basis points, taking the cumulative reduction to 100 basis points in the last six months, is expected to keep housing sales robust. The government is currently undertaking several infrastructure projects in the region, including the metro network expansion, the coastal road project, and the improvement of arterial connectors and expressways.
Apartments up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in June, accounting for 84% of all transactions, broadly stable compared to 83% a year ago. Within this, the 500–1,000 sq ft segment remained the most popular, inching up from 44% to 45%. The share of units up to 500 sq ft held steady at 39%, underscoring the enduring preference for compact homes, even as a niche segment of buyers continues to explore more spacious living options.
The western and central suburbs continued to anchor Mumbai’s residential market, together accounting for 88% of total registrations in June, up slightly from 86% a year ago. The western suburbs alone contributed 57%, while the central suburbs accounted for 31% share. This distribution highlights the continued importance of these areas in the city’s real estate landscape.
Overall, the combination of strong homebuyer demand, reduced loan rates, and significant infrastructure upgrades has driven Mumbai’s property market to its best-ever first half in 2025, setting a positive tone for the remainder of the year.
Frequently Asked Questions
What factors contributed to the record-breaking first half of 2025 for Mumbai's property market?
The key factors include sustained homebuyer demand, reduced home loan rates, and significant infrastructure upgrades such as the metro network expansion and coastal road project.
How much did property registrations and stamp duty collection increase year-on-year in the first half of 2025?
Property registrations increased by 5% year-on-year, and stamp duty collection rose by 15%, marking the strongest half-yearly performance ever.
Which segments of the housing market are currently the most popular in Mumbai?
Apartments up to 1,000 sq ft, particularly those in the 500–1,000 sq ft range, are the most popular, accounting for 84% of all transactions. The western and central suburbs are the primary locations for these registrations.
What impact have recent home loan rate reductions had on the Mumbai property market?
The recent reduction in home loan rates, following the Reserve Bank of India’s decision to lower the Repo rate, is expected to keep housing sales robust and continue driving demand in the market.
How are infrastructure projects in Mumbai influencing the property market?
Infrastructure projects such as the metro network expansion, coastal road project, and improvement of arterial connectors and expressways are enhancing connectivity and reshaping buyer perceptions of emerging micro-markets, thereby driving the property market.
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