Mumbai Sees 1% YoY Dip in Property Registrations, Revenue Rises 15% in H1 2025
Mumbai recorded 11,521 property registrations in June 2025, marking a 1% year-on-year dip. However, government revenue from these registrations rose 2% to ₹1,031 crore. The first half of 2025 saw a 15% increase in registration revenue to ₹6,727 crore.
Property RegistrationsReal EstateMumbaiKnight Frank IndiaRevenueReal Estate MumbaiJun 30, 2025
In the first half of 2025 (January–June), the city registered 75,982 property sales, a 5% increase year-on-year. Registration revenue increased by 15% to ₹6,727 crore, marking the strongest half-yearly performance since 2013, as per an analysis by Knight Frank India.
June 2025 reflected a distinct shift in buyer activity, with momentum skewed towards the higher price brackets. The share of registrations for properties priced above ₹5 crore rose from 5% in June 2024 to 6% in June 2025. Conversely, the mid-market segments, especially properties priced between ₹1 crore and 5 crores saw a dip in their overall contribution to total registrations, the Knight Frank analysis showed.
Shishir Baijal, chairman and managing director of Knight Frank India, commented, “Mumbai’s residential market continues to reflect steady buyer confidence, as registrations consistently stay above the 11,000-mark year-on-year. What’s particularly encouraging is that this sustained demand has led to the city’s strongest half-yearly performance in over a decade. While we’ve seen some cooling in the mid-price segments, the appetite for larger homes and properties priced above ₹5 crore remains strong, driving healthy revenue collections.”
Properties up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in June 2025, accounting for 84% of all transactions, broadly stable compared to 83% in June 2024. 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% year-on-year. Larger apartments maintained their presence, with units sized 1,000–2,000 sq ft unchanged at 13% and those above 2,000 sq ft steady at 3%. This underscores the enduring preference for compact homes, even as a niche segment of buyers continues to explore more spacious living options, it noted.
The Western and Central Suburbs continued to anchor Mumbai’s residential market, together accounting for 88% of total registrations in June 2025, up slightly from 86% a year ago. The Western Suburbs alone contributed 57%, while the Central Suburbs accounted for 31%. In contrast, South Mumbai’s share declined to 6%, indicating a relative softening in activity within the city’s traditional prime micro-markets, it said.
Frequently Asked Questions
What was the year-on-year change in Mumbai's property registrations in June 2025?
Mumbai recorded a 1% year-on-year dip in property registrations in June 2025.
How much did the registration revenue increase in the first half of 2025 compared to the same period in 2024?
The registration revenue increased by 15% to ₹6,727 crore in the first half of 2025 compared to the same period in 2024.
Which segments of the property market saw the most significant growth in June 2025?
Properties priced above ₹5 crore saw a rise in their share of registrations from 5% in June 2024 to 6% in June 2025.
What is the most popular size category for residential properties in Mumbai?
Properties up to 1,000 sq ft, particularly those in the 500–1,000 sq ft segment, continued to be the most popular, accounting for 84% of all transactions.
Which areas of Mumbai contributed the most to property registrations in June 2025?
The Western and Central Suburbs together accounted for 88% of total registrations, with the Western Suburbs contributing 57% and the Central Suburbs 31%.
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