Mumbai’s real estate market continues to demonstrate resilience, with property registrations remaining steady in February 2025. According to data from the Maharashtra Inspector General of Registration (IGR), a total of 12,066 properties were registered, a marginal increase from 12,056 in the same period last year. This indicates a phase of stabilization in the market, as per Knight Frank India.
Despite steady property registrations, stamp duty collections experienced a 6% increase, totaling ₹935 crores in February 2025, compared to ₹885 crores in February 2024. On a month-on-month basis, January 2025 recorded 12,249 property registrations, with stamp duty collections amounting to ₹994 crores.
The residential property sector maintained its dominance, accounting for 80% of all registrations. While the overall growth rate has moderated, property registrations have consistently remained above 10,000 per month, significantly surpassing pre-pandemic levels. This sustained activity reflects a stable market, driven by positive homebuyer sentiment, steady economic conditions, and large-scale infrastructure developments.
According to Knight Frank India, despite moderation in registrations, Mumbai recorded its second-best February performance on record. "High-end properties, particularly those priced above ₹5 crore, recorded an annual growth of 15% year-on-year (YoY). Conversely, demand for lower ticket-sized properties priced at ₹50 lakh and below saw a 19% YoY decline," said Shishir Baijal, Chairman & Managing Director of Knight Frank India.
A noticeable shift in buyer preferences has emerged, with increasing demand for larger homes. Properties measuring between 1,000 and 2,000 sq ft saw a rise in registrations from 8% to 13% in February 2025. Meanwhile, the share of registrations for compact apartments (up to 500 sq ft) dropped from 48% to 38%, indicating a growing inclination towards more spacious homes.
As Mumbai’s economy continues to expand and infrastructure projects progress, the city’s property market remains well-positioned for growth. The steady performance of property registrations, coupled with rising demand in the premium segment, suggests that Mumbai's real estate sector is on a path of sustained stability and potential appreciation in the coming years.
For more insights into Mumbai’s real estate market trends, stay tuned!
News Articles
Other Real Estate News Articles