Mumbai's Property Market Surges: ₹1101 Crore in Revenue from July Sales
Mumbai's property market witnessed a robust performance in July, with over 12,366 properties registered, contributing ₹1,101 crore to the exchequer. The residential sector dominated the registrations, showing steady buyer confidence.
Mumbai Property MarketResidential DemandReal EstateProperty RegistrationRevenue CollectionReal Estate NewsJul 31, 2025
The market continues to be driven by residential demand, with 80% of all registrations attributed to residential properties, as per a statement by Knight Frank Research. Year-to-date, Mumbai (under BMC) has seen registrations of 88,426 properties, a 4% year-on-year increase. However, the revenue from these registrations has surged by 13%, reaching ₹7,832 crore. This marks the strongest performance since 2013 in the January-July period.
“The residential market in Mumbai continues to show steady buyer confidence, with monthly registrations consistently crossing the 12,000 mark in residential registrations,” said Shishir Baijal, Chairman and MD of Knight Frank India. “While there has been some softening in demand for mid-ticket segments, the demand for larger homes and properties priced above ₹5 crore remains strong, supporting healthy revenue collections.”
Interestingly, mid-market properties in Mumbai (priced between ₹1 crore to ₹5 crore) saw a decline in their share of registrations. However, properties priced above ₹5 crore saw an increase, contributing 6% to the total registrations. Apartments up to 1,000 sq ft continued to dominate the residential registrations in July 2025, accounting for 82% of all transactions.
A significant portion of the total registrations came from the Western and Central Suburbs, which together accounted for 88% of the total property registrations in July. The Western Suburbs alone contributed 57% to the total. In contrast, South Mumbai saw a decline in demand, with its share of total registrations falling to 6%.
This data indicates a strong and steady market, with residential properties continuing to attract buyers. The consistent performance in the mid and high-end segments suggests a robust recovery and growth in the real estate sector. The revenue generated from these transactions is crucial for the city's exchequer, supporting various development and infrastructure projects.
Frequently Asked Questions
What was the total revenue generated from property registrations in Mumbai in July 2025?
Mumbai generated ₹1,101 crore in revenue from property registrations in July 2025.
How many properties were registered in Mumbai in July 2025?
A total of 12,366 properties were registered in Mumbai in July 2025.
What percentage of property registrations in July 2025 were residential?
80% of the property registrations in July 2025 were residential.
Which areas of Mumbai saw the highest property registrations in July 2025?
The Western and Central Suburbs saw the highest property registrations, accounting for 88% of the total registrations in July 2025.
What is the trend in demand for properties priced above ₹5 crore in Mumbai?
The demand for properties priced above ₹5 crore in Mumbai remains strong, contributing 6% to the total property registrations in July 2025.
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