Mumbai Sees Record-High January Property Registrations in 13 Years
According to property consultant Knight Frank India, Mumbai registered approximately 11,773 properties in January 2025, marking a 7% year-on-year growth. The transactions generated over ₹952 crore in stamp duty collections, showing a 25% Y-o-Y growth.
MumbaiProperty RegistrationsReal EstateLuxury HousingStamp DutyReal Estate MumbaiFeb 03, 2025
According to property consultant Knight Frank India, nearly 11,773 properties were registered in January 2025, reflecting a 7% year-on-year (Y-o-Y) growth.
These transactions generated over ₹952 crore in stamp duty collections, marking a significant 25% Y-o-Y growth, primarily driven by a notable increase in high-value transactions.
However, on a month-on-month (M-o-M) basis, property registrations saw a slight decline of 5%, while revenue collections dipped by 16% compared to December 2024.
Despite this minor dip, the overall trend indicates a robust and growing real estate sector.
The report highlights a growing preference for premium real estate.
The share of registrations for properties priced at ₹2 crore and above increased from 16% in January 2024 to 19% in January 2025.
This segment accounted for 2,298 transactions in January 2025, demonstrating strong demand for luxury housing.
Conversely, the share of registrations for properties valued under ₹50 lakh declined from 31% to 28% during the same period, indicating a shift in buyer preferences towards higher-value properties.
Mumbai’s western and central suburbs continue to dominate the market, collectively contributing to 86% of the city’s total property registrations.
However, there was a noticeable increase in the market share for central suburbs, which rose from 29% to 33%, while the share of the western suburbs declined from 57% to 53%.
“This growth reflects a surge in supply and heightened end-user interest in these locations,” the Knight Frank India report stated.
Frequently Asked Questions
How many properties were registered in Mumbai in January 2025?
Approximately 11,773 properties were registered in Mumbai in January 2025.
What was the year-on-year growth in property registrations in January 2025?
The year-on-year growth in property registrations was 7%.
How much stamp duty was generated from these transactions in January 2025?
The transactions generated over ₹952 crore in stamp duty collections in January 2025.
What is the trend in buyer preferences for property values?
There is a growing preference for high-value properties, with the share of registrations for properties priced at ₹2 crore and above increasing from 16% to 19%.
Which suburbs in Mumbai are dominating the property market?
Mumbai’s western and central suburbs are dominating the property market, contributing to 86% of the city’s total property registrations.
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