Mumbai's Property Market Sees Rs 1,062 Crore Revenue from 11,565 Unit Sales in May
Despite a 4% year-on-year decline in property registrations, Mumbai's real estate market generated Rs 1,062 crore in revenue from the sale of 11,565 properties in May. The increase in revenue is attributed to higher transactions in the Rs 5 crore and above segment.
Mumbai Real EstateProperty MarketStamp DutyResidential PropertiesHighend MarketReal EstateJun 02, 2025
The latest figures underscore Mumbai's dynamic property market, influenced by varying economic conditions and buyer sentiments. The market continues to be driven by residential demand, with 80 per cent of all registrations in the month attributed to residential properties.
Mumbai’s property sale registration and the government revenue collection witnessed fluctuating trends between April 2024 and May 2025. For instance, in April 2024, the registrations stood at 11,648 units, with an 11 per cent year-on-year (YoY) growth, though revenue collections dropped 6 per cent month-on-month (MoM) to Rs 1,058 crore. In September 2024, registrations fell sharply by 15 per cent YoY to 9,111 units, while revenue collection also declined by 22 per cent YoY to Rs 877 crore.
In contrast to this, October 2024 marked a significant recovery with 12,960 registrations (up 22 per cent YoY) and a 44 per cent YoY revenue surge to Rs 1,205 crore. However, May 2025 saw a dip with registrations at 11,565 units (down 4 per cent YoY) and revenue at Rs 1,062 crore (up 3 per cent YoY), indicating mixed performance.
Shishir Baijal, Chairman and Managing Director, Knight Frank India, stated, “In May 2025, Mumbai's residential market saw a 4 per cent YoY decline in property registrations, as properties priced between Rs 1–5 crore recorded a slowdown in sales momentum. However, this dip did not impact the revenue collection, owing to higher sales velocity for properties priced above Rs 5 crore. On a year-to-date basis, Mumbai recorded a 24 per cent YoY increase in registrations, totalling 64,461 properties, and a 17 per cent rise in revenue, with stamp duty collections exceeding Rs 5,696 crore.”
These figures highlight the resilience and adaptability of Mumbai’s real estate market, which continues to attract significant investment despite economic fluctuations. The higher-end segment's strong performance suggests a growing interest among high-net-worth individuals and investors in premium properties.
Frequently Asked Questions
What was the total revenue generated from property sales in Mumbai in May 2025?
Mumbai's property market generated Rs 1,062 crore in revenue from the sale of 11,565 properties in May 2025.
How did property registrations change year-on-year in May 2025?
Property registrations in Mumbai declined by 4 per cent year-on-year (YoY) in May 2025.
What segment of the property market saw an increase in transactions in May 2025?
The Rs 5 crore and above segment saw an increase in transactions, contributing to the rise in revenue despite a decline in overall registrations.
What percentage of property registrations were residential in May 2025?
80 per cent of all property registrations in May 2025 were attributed to residential properties.
What was the year-to-date performance of Mumbai's property market by May 2025?
By May 2025, Mumbai recorded a 24 per cent YoY increase in registrations, totalling 64,461 properties, and a 17 per cent rise in revenue, with stamp duty collections exceeding Rs 5,696 crore.
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