Mumbai Property Registrations Surge 4% in Jan-Jul: A Sign of Strong Market Demand
Mumbai's property market has witnessed a 4% increase in registrations to 88,639 units from January to July, driven by robust buyer confidence and rising demand. Revenue from registrations also saw a 13% uptick.
Mumbai PropertyReal EstateProperty RegistrationMaharashtra GovernmentMarket DemandReal Estate MaharashtraAug 02, 2025
As many as 84,866 units were registered in Mumbai's municipal region during the same period in the previous year. This data encompasses transactions in both the primary and secondary property markets, indicating a broad-based recovery in the real estate sector.
The government's revenue from these registrations surged by 13% year-on-year to Rs 7,854 crores. Knight Frank India noted that Mumbai recorded the strongest performance since 2013 for the January-July period, highlighting a significant rebound in the market.
Shishir Baijal, Chairman & Managing Director of Knight Frank India, commented, “Mumbai's residential market continues to show steady buyer confidence. This is a positive sign for the overall real estate sector, as it indicates that the market is stabilizing and attracting more investors and homebuyers.”
In July alone, the registration of properties increased by 2% to 12,579 units compared to 12,373 units in the same month last year. This monthly increase further underscores the growing interest in the Mumbai property market.
Akhil Saraf, Founder and CEO of proptech firm Reloy, added, “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 trend is particularly significant for Mumbai, one of India's most populous and economically vibrant cities. The steady rise in property registrations and the increase in government revenue suggest that the market is not only recovering but also gaining momentum. For homebuyers and investors, this is a positive indicator of the city's economic health and the potential for long-term value appreciation in real estate.
Frequently Asked Questions
What is the percentage increase in property registrations in Mumbai from January to July 2023?
Property registrations in Mumbai increased by 4% from January to July 2023.
How much did the government's revenue from property registrations increase?
The government's revenue from property registrations increased by 13% year-on-year to Rs 7,854 crores.
What does the CEO of Reloy predict about the future of property prices in key cities like Mumbai?
Akhil Saraf, CEO of Reloy, predicts that property prices in key cities like Mumbai will remain resilient and trend upward over the medium to long term.
How many units were registered in Mumbai in July 2023 compared to July 2022?
In July 2023, 12,579 units were registered in Mumbai, a 2% increase from 12,373 units in July 2022.
What does the steady buyer confidence in Mumbai's residential market indicate?
The steady buyer confidence in Mumbai's residential market indicates that the market is stabilizing and attracting more investors and homebuyers.
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