Mumbai Witnesses Highest January Property Registrations in 13 Years
Mumbai has recorded the highest property registrations in January in over a decade, showcasing a robust real estate sector. According to Knight Frank India, the city saw a significant increase in both property transactions and stamp duty collections.
MumbaiProperty RegistrationsReal EstateStamp DutyLuxury HousingReal EstateFeb 03, 2025
According to property consultant Knight Frank India, approximately 11,773 properties were registered in January 2025 in Mumbai, marking a 7% year-on-year (Y-o-Y) growth.
These transactions generated over ₹952 crore in stamp duty collections, witnessing a significant 25% Y-o-Y growth, 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.
The report also 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 retained their dominance, collectively contributing to 86% of the city’s total property registrations.
However, there was a noticeable increase in 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.
Prashant Sharma, President, NAREDCO Maharashtra, commented, “Mumbai’s property market continues to demonstrate resilience and growth, as evidenced by the highest January property registrations in 13 years.
The 7% year-on-year increase in transactions and a significant 25% rise in stamp duty collections highlight the enduring confidence of homebuyers.
The rise in high-value transactions reflects evolving buyer preferences, particularly towards premium housing.
However, there is a need for continued policy support, including rationalisation of stamp duty and interest rates, to sustain momentum in the sector.”
Frequently Asked Questions
What is the current trend in property registrations in Mumbai?
Mumbai has witnessed a record-high 11,773 property registrations in January 2025, marking a 7% year-on-year growth. This trend reflects the city’s robust real estate momentum.
How much did stamp duty collections grow in January 2025 compared to January 2024?
Stamp duty collections in January 2025 grew by 25% year-on-year, driven by a notable increase in high-value transactions.
What is the trend in buyer preferences for property prices?
There is a growing preference for premium real estate, with the share of registrations for properties priced at ₹2 crore and above increasing from 16% to 19%. The share for properties valued under ₹50 lakh declined from 31% to 28%, indicating a shift towards higher-value properties.
Which areas of Mumbai are seeing the most property registrations?
Mumbai’s western and central suburbs collectively contribute to 86% of the city’s total property registrations. Notably, the market share for central suburbs increased from 29% to 33%, while the share for the western suburbs declined from 57% to 53%.
What support does the real estate sector need to sustain its growth in Mumbai?
According to industry experts, continued policy support, including the rationalisation of stamp duty and interest rates, is essential to sustain the momentum in the real estate sector.
Related News Articles
Senior Living Solutions in South India Get a Boost as Sameera Group Invests in Chennai
Sameera Group and Vedaanta Senior Living partner to develop 1
Sustainable Living: Tridhaatu Realty Leads the Way with Green Initiatives
Tridhaatu Realty celebrates World Environment Day by launching eco-friendly initiatives at Tridhaatu Morya, setting a new standard for sustainable living in Mumbai's real estate industry.
Rustomjee Group Unveils Luxury Residential Project in Mumbai with Rs 1,300 cr GDV Potential
Rustomjee Group launches new residential project 'Rustomjee 180 Bayview' in Mumbai's Matunga West, anticipating a gross development value of Rs 1,300 crore.
ED Cracks Down on Shine City Real Estate Firm, Attaches Properties Worth Rs 31 Crore
The Enforcement Directorate (ED) has provisionally attached properties worth Rs 31.74 crore of Shine City Properties Ltd under the Prevention of Money Laundering Act (PMLA), 2002.
Tata Realty to Triple Office Space Portfolio in 7 Years
Tata Realty plans to triple its office space portfolio in 7 years, expanding its presence in Pune, Bengaluru, and NCR.
Real Estate Stock Plummets Due to Haryana Residential Plot Application Rejection
A significant dip in the real estate market saw a major stock hit the lower circuit after the application for a residential plot in Haryana was returned due to deficiencies. Despite the setbacks, experts predict robust growth potential in the sector.