Mumbai's Real Estate Market Surges in H1 2025, Led by High-Value Homes

Mumbai's real estate market has achieved a record-breaking performance in the first half of 2025, with property registrations reaching 75,672 units, a 4% increase year-on-year. Revenue collections surged to Rs 6,699 crore, driven by high-value properties and strategic policy timing.

Mumbai Real EstateProperty RegistrationsHighvalue HomesRevenue CollectionsAnarock ResearchReal Estate NewsJun 30, 2025

Mumbai's Real Estate Market Surges in H1 2025, Led by High-Value Homes
Real Estate News:Mumbai's real estate market continues to defy domestic and global headwinds, recording its best-ever performance in the first half of 2025, according to ANAROCK Research. Fresh data from the Maharashtra State Revenue Department shows that property registrations in the city touched a historic high of 75,672 units between January and June 2025, marking a 4% year-on-year (YoY) growth over the same period last year.

Revenue collections from these registrations surged to Rs 6,699 crore, a robust 14% increase compared to Rs 5,874 crore in H1 2024, reflecting continued buyer appetite and rising property prices.

June 2025 alone witnessed 11,211 property registrations, the second highest for the month in six years, said Anuj Puri, Chairman, ANAROCK Group. Although this figure was 4% lower than the 11,673 registrations seen in June 2024, revenue collection remained resilient at Rs 1,004 crore—just 1% below last year’s level. This shows that despite a slight decline in the number of deals, the market is being buoyed by the sale of higher-value properties.

One of the standout months was March 2025, when 15,501 properties were registered, making it the highest March total in the past three years. The surge was largely attributed to a rush by buyers to lock in purchases before the 3.9% hike in Maharashtra's ready reckoner rates for FY26 came into effect. The month raked in over Rs 1,589 crore in revenue, underscoring the urgency among homebuyers to beat the price hike.

Only two months in recent memory—December 2020 (19,581 registrations) and March 2021 (17,728)—have surpassed these numbers, both during the pandemic-era stamp duty concessions.

Interestingly, the robust registration data comes at a time when overall housing sales in the Mumbai Metropolitan Region (MMR) saw a decline. According to ANAROCK Research, 62,890 units were sold in MMR in H1 2025, down 34% from 84,465 units in H1 2024. However, the average ticket size of homes sold in Mumbai rose to Rs 1.60 crore, up from Rs 1.55 crore last year and significantly higher than Rs 1.02 crore in H1 2021, reflecting a 55% jump over four years.

This indicates a clear shift towards premium housing, Puri noted. Key highlights include 75,672 properties registered in H1 2025, up 4% YoY; revenue collection of Rs 6,699 crore, up 14% from H1 2024; an average ticket size of Rs 1.60 crore, 3% higher than last year; and March 2025 registrations of 15,501 units, the highest March tally in three years.

Despite a 34% dip in MMR housing sales, Mumbai’s registration activity remains strong. Mumbai’s property market has once again proven its resilience. Despite geopolitical tensions and fluctuating macroeconomic signals, the city has continued to attract high-value investments in real estate. With premium housing leading the charge and strategic policy timing influencing buyer behavior, Mumbai’s real estate narrative remains one of long-term strength and evolving sophistication.

Frequently Asked Questions

What is the key driver behind Mumbai's real estate market growth in H1 2025?

The key driver behind Mumbai's real estate market growth in H1 2025 is the sale of high-value properties, which has led to a robust increase in revenue collections despite a slight decline in the number of deals.

How many property registrations were recorded in June 2025?

In June 2025, 11,211 property registrations were recorded, making it the second highest for the month in six years.

What was the highest month for property registrations in March 2025?

March 2025 saw the highest number of property registrations with 15,501 units, the highest March total in the past three years.

What was the average ticket size of homes sold in Mumbai in H1 2025?

The average ticket size of homes sold in Mumbai in H1 2025 was Rs 1.60 crore, up from Rs 1.55 crore last year.

How did the overall housing sales in the Mumbai Metropolitan Region (MMR) perform in H1 2025?

Overall housing sales in the Mumbai Metropolitan Region (MMR) saw a decline in H1 2025, with 62,890 units sold, down 34% from 84,465 units in H1 2024.

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