Record Property Registrations Despite Economic Headwinds
Mumbai’s real estate sector continues to show remarkable resilience, registering the highest number of April property deals in seven years. According to data from the Maharashtra State Revenue Department and the Inspector General of Registration (IGR), 13,080 properties were registered in April 2025—a 12% increase compared to 11,648 registrations in April 2024.
Average Deal Size Climbs to ₹1.6 Crore
The surge in registrations contributed to higher revenue collections, with stamp duty and registration fee earnings hitting ₹1,115 crore in April alone, marking a 5% year-on-year growth. The average property price during January to April 2025 stood at ₹1.57 crore, with March peaking at ₹1.86 crore. This reflects a clear uptick in premium property transactions.
First Four Months See Over 52,000 Property Deals
From January to April 2025, Mumbai recorded 52,896 property registrations, showing an 8% increase from the same period in 2024, which logged 48,819 deals. Government revenue from registrations and duties rose by 21% year-on-year, reaching ₹4,633 crore during this period.
March 2025 Sees Historic Surge in Registrations
A major factor behind April’s performance was the unprecedented spike in March 2025, which saw 15,501 property registrations. This activity followed the announcement of a 3.9% hike in Maharashtra’s ready reckoner rates for FY26. Anuj Puri, Chairman of ANAROCK, noted that this was the highest monthly figure in three years, surpassing previous highs in December 2020 (19,581 registrations) and March 2021 (17,728 registrations).
Premium Segment Drives Growth Despite Dip in Sales Volume
While overall housing sales in Mumbai dropped 28% year-on-year in Q1 2025 (21,930 units sold), the average ticket size saw a sharp rise. ANAROCK Research highlighted a 54% jump in average property prices between January–April 2021 and the same period in 2025. This suggests a market shift toward high-value transactions and a strong preference for quality assets.
Luxury Housing on the Rise: Properties Over ₹2 Crore Gain Share
According to Knight Frank, luxury homes priced above ₹2 crore accounted for 25% of all April 2025 registrations—up from 22% in April 2024. Meanwhile, affordable housing (up to ₹50 lakh) maintained a stable share at 14%, indicating consistent demand across price segments.
Micro-Market Hotspots: Versova, Borivali, Ghatkopar Lead Growth
Dhaval Ajmera, Director of Ajmera Realty, described April as one of the best-performing months in a decade. He attributed this to rising disposable income and lifestyle aspirations. “Micro-markets such as Versova, Borivali, and Ghatkopar are witnessing multi-fold growth,” he said, underlining a growing appetite for premium and spacious homes.
Investor Confidence Grows in Long-Term Property Value
The ongoing surge in property registrations and rising average deal sizes point to increasing end-user confidence and investor interest in Mumbai’s long-term real estate potential. Even amid global uncertainties, Mumbai’s premium property market remains a stronghold of value and stability.
