Mumbai Property Registrations Reach All-Time High in H1 2025, Up 4% YoY
Mumbai's property market has set a new record with 75,672 registrations in the first half of 2025, marking a 4% increase from the same period last year. Despite a slight dip in June, the market remains resilient with strong revenue collections.
Mumbai PropertyReal EstateProperty RegistrationsState RevenueMarket TrendsReal Estate NewsJun 30, 2025
The surge in registrations also translated into a significant boost in state revenue collections, which rose 14% year-on-year to ₹6,699 crore in H1 2025, compared to ₹5,874 crore in the same period last year. This marks the highest-ever revenue collection for the period in Mumbai’s history.
June saw strong revenue despite a dip in registrations. In June alone, 11,211 properties were registered until noon on June 30, bringing in ₹1,004 crore in revenue for the Maharashtra government. Although registrations dipped slightly - about 4% lower than June 2024’s 11,673 - revenue held strong, falling just 1% year-on-year.
“June 2025’s revenue was just 1% lower than last year, highlighting the market’s resilience despite a marginal drop in transactions. Mumbai’s real estate continues to deliver strong numbers, even as the pace has cooled a bit,” said Anuj Puri, Chairman of ANAROCK Group.
March was a game-changer. Much of the first-half momentum can be attributed to a standout performance in March 2025, when registrations surged to 15,501 units, making it the highest March figure in the past three years. According to ANAROCK Research, this spike was largely driven by buyers rushing to complete deals ahead of a 3.9% hike in ready reckoner rates announced for FY26.
March alone generated over ₹1,589 crore in property registration revenue.
While overall housing sales across the Mumbai Metropolitan Region (MMR) fell sharply, with 62,890 units sold in H1 2025 compared to 84,465 units in H1 2024, representing a 34% decline, the number of registrations within Mumbai city limits held up, suggesting a shift in market dynamics.
The difference in registration and sales data points to the fact that larger, high-ticket deals are sustaining the market, according to Puri. Supporting this trend, the average ticket size of homes sold in H1 2025 reached an all-time high of ₹1.60 crore, up from ₹1.56 crore a year ago. In H1 2021, the average was just ₹1.02 crore, marking a 55% jump in four years.
Frequently Asked Questions
What is the significance of the 4% increase in property registrations in Mumbai in H1 2025?
The 4% increase in property registrations in Mumbai in H1 2025 is significant because it marks a new record and indicates a resilient market despite economic challenges. This growth also led to a substantial boost in state revenue collections.
How did June 2025 perform in terms of property registrations and revenue?
In June 2025, 11,211 properties were registered, bringing in ₹1,004 crore in revenue for the Maharashtra government. Although registrations were 4% lower than June 2024, revenue fell only 1%, highlighting the market's resilience.
What role did March 2025 play in the surge of property registrations?
March 2025 was a game-changer with 15,501 property registrations, the highest March figure in three years. This surge was driven by buyers rushing to complete deals ahead of a 3.9% hike in ready reckoner rates announced for FY26.
Why did overall housing sales in the Mumbai Metropolitan Region (MMR) decline in H1 2025?
Despite the decline in overall housing sales in the MMR, the number of registrations within Mumbai city limits held up, suggesting a shift towards larger, high-ticket deals. The average ticket size of homes sold in H1 2025 reached an all-time high of ₹1.60 crore.
What trend is observed in the average ticket size of homes sold in Mumbai?
The average ticket size of homes sold in Mumbai in H1 2025 reached an all-time high of ₹1.60 crore, up from ₹1.56 crore a year ago. This represents a 55% increase from H1 2021, indicating a shift towards more expensive properties.
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