Mumbai's Real Estate Market Shows Resilience in July 2025
Despite macroeconomic challenges, Mumbai's real estate market continues to thrive, recording robust property registrations in July 2025. The luxury segment is gaining traction, while mid-sized apartments remain the most popular choice.
MumbaiReal EstateProperty RegistrationsLuxury HousingInfrastructureReal EstateAug 01, 2025
Despite macroeconomic headwinds, the city’s real estate market continues to exhibit resilience. While the mid-income housing segment (₹1 crore – ₹5 crore) saw a marginal decline in its overall share, high-value transactions above ₹5 crore grew to comprise 6% of all property registrations in July, indicating rising traction in the luxury housing segment. Apartments up to 1,000 sq ft continued to dominate Mumbai’s residential market, making up 82% of all transactions in July 2025, according to data from Knight Frank India.
The Western and Central Suburbs remained the epicentres of housing activity, jointly accounting for a staggering 88% of all property registrations in July. Of this, the Western Suburbs alone contributed 57%, reaffirming their position as Mumbai’s most sought-after real estate corridor. In contrast, South Mumbai experienced a dip in activity, with its share falling to 6% of total registrations—indicating a shift in demand away from traditionally premium zones.
Experts believe that strategic infrastructure upgrades and continued developer offerings in the suburbs will further fuel homebuyer interest in the coming months. Mr. Prashant Sharma, President of NAREDCO Maharashtra, commented, “Despite interest rate uncertainties and overall global headwinds, Mumbai’s real estate market has shown resilience with a consistent performance in property registrations for July 2025. This positive momentum is a testament to the city’s strong end-user demand and confidence in long-term asset creation. The surge in premium property registrations above ₹5 crore also reflects the rising aspirations and affluence of Mumbai’s homebuyers.”
Mr. Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory, added, “Mumbai’s housing demand remains structurally strong, as highlighted by the ₹1,100+ crore revenue generated through property registrations. The increased traction in the ₹5 crore+ segment points to renewed investor confidence and a strong appetite for high-value real estate. With infrastructure upgrades like the Metro and Coastal Road progressing steadily, we expect further buoyancy in the suburban micro-markets.”
Mr. Nishant Deshmukh, Founder and Managing Partner of Sugee Group, noted, “The growth in property registrations during July 2025 reflects a positive and sustained momentum in Mumbai’s real estate market. It highlights the active participation of both value-conscious homebuyers and those seeking aspirational upgrades. This steady demand reinforces the city’s position as a resilient and evolving real estate landscape.”
Mr. Nihar Jayesh Thakkar, Founder of The Mandate House Pvt. Ltd., observed, “The shift in buyer preference towards luxury housing is evident with the ₹5 crore+ segment gaining a larger share. At the same time, the dominance of mid-sized apartments up to 1,000 sq ft reinforces the functional needs of nuclear families and working professionals. The Western and Central suburbs continue to be the heartbeat of Mumbai’s property market, driven by infrastructure improvements and lifestyle convenience.”
Ms. Shraddha Kedia-Agarwal, Director of Transcon Developers, stated, “The fact that 82% of transactions were for homes up to 1,000 sq ft signals a very clear demand pattern—compact, efficient, and well-connected homes are still the preferred choice for urban homebuyers. The rise in premium property sales also shows that Mumbai remains an attractive investment destination across price bands. It’s encouraging to see this balance between aspiration and affordability.”
Mr. Dhruman Shah, Promoter of Ariha Group, concluded, “We’re witnessing a healthy blend of value and aspiration driving Mumbai’s housing market. The strong registration numbers and rising interest in the premium category underscore the evolving consumer sentiment—homebuyers are looking at properties not just as a necessity, but as a lifestyle upgrade and long-term asset. Western suburbs, in particular, continue to shine with their dynamic development, modern amenities, and seamless connectivity—making them a preferred choice for a wide range of buyers.”
Frequently Asked Questions
What was the total number of property registrations in Mumbai in July 2025?
Mumbai recorded 12,366 property registrations in July 2025.
How much revenue did property registrations generate for the state exchequer in July 2025?
Property registrations generated ₹1,101 crore in revenue through stamp duty and related charges in July 2025.
What segment of the housing market saw the most transactions in July 2025?
Apartments up to 1,000 sq ft dominated the market, making up 82% of all transactions in July 2025.
Which areas of Mumbai saw the highest property registrations in July 2025?
The Western and Central Suburbs accounted for 88% of all property registrations, with the Western Suburbs alone contributing 57%.
What factors are driving the growth in the luxury housing segment in Mumbai?
The growth in the luxury housing segment is attributed to rising aspirations and affluence of homebuyers, as well as strategic infrastructure upgrades and modern amenities in the suburbs.
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