Mumbai’s property market has posted its best half-yearly performance in over a decade, with 75,982 property registrations in H1 2025, up 5% year-on-year (YoY). Government revenue collection surged 15% YoY to ₹6,727 crore, underscoring sustained buyer confidence despite pockets of moderation in the mid-market segments.
🔹 H1 2025 Highlights
📊 Key Performance Indicators:
| Metric | H1 2024 | H1 2025 | Change (YoY) |
|---|---|---|---|
| Registrations (Units) | 72,492 | 75,982 | +5% |
| Revenue (₹ Crore) | 5,874 | 6,727 | +15% |
Source: Maharashtra Dept. of Registrations and Stamps; Knight Frank Research
💬 “Mumbai’s residential market continues to reflect steady buyer confidence. Demand for larger homes and premium properties remains resilient, driving healthy revenue collections,” said Shishir Baijal, Chairman & Managing Director, Knight Frank India.
🔹 Monthly Trends
June 2025 recorded 11,521 registrations, marginally lower (-1% YoY) than last year, while revenue grew 2% YoY to ₹1,031 crore.
📅 Recent Monthly Performance
| Month | Registrations (Units) | YoY Change | Revenue (₹ Cr) | YoY Change |
|---|---|---|---|---|
| Apr-25 | 13,080 | +12% | 1,115 | +5% |
| May-25 | 11,565 | -4% | 1,062 | +3% |
| Jun-25* | 11,521 | -1% | 1,031 | +2% |
*June figures based on forecasted run rate.
🏷️ Price Segment Dynamics
Share of Transactions by Ticket Size – June 2025
| Price Segment | Share in June 2024 | Share in June 2025 | YoY Change (Units) |
|---|---|---|---|
| Below ₹1 crore | 45% | 44% | -2% |
| ₹1–2 crore | 31% | 33% | +4% |
| ₹2–5 crore | 19% | 17% | -10% |
| ₹5 crore and above | 6% | 6% | +6% |
Insight: While mid-market properties between ₹2–5 crore saw softer activity, high-value purchases (above ₹5 crore) grew, reflecting increased appetite for premium housing.
📐 Size Preferences Remain Consistent
Compact apartments continue to dominate:
Area-wise Distribution of Registrations – June 2025
| Apartment Size (sq ft) | Share (June 2024) | Share (June 2025) |
|---|---|---|
| Up to 500 | 39% | 39% |
| 500–1,000 | 44% | 45% |
| 1,000–2,000 | 13% | 13% |
| Over 2,000 | 3% | 3% |
Note: Units below 1,000 sq ft accounted for 84% of transactions, affirming the preference for compact homes.
🗺️ Micro-Market Snapshot
Western and Central Suburbs remain the epicentre of activity, contributing 88% of registrations:
| Micro-Market | Share (June 2024) | Share (June 2025) |
|---|---|---|
| Western Suburbs | 56% | 57% |
| Central Suburbs | 30% | 31% |
| South Mumbai | 8% | 6% |
| Central Mumbai | 6% | 5% |
Observation: South Mumbai’s share continued to decline, indicating a shift in preference toward suburban locations.
📊 12-Year Registration Trend
| Period | Registrations (Units) | Revenue (₹ Cr) |
|---|---|---|
| H1 2013 | 34,665 | 1,908 |
| H1 2014 | 31,249 | 1,728 |
| H1 2015 | 34,204 | 2,017 |
| H1 2016 | 32,930 | 2,068 |
| H1 2017 | 33,109 | 2,784 |
| H1 2018 | 41,640 | 2,923 |
| H1 2019 | 34,392 | 2,733 |
| H1 2020 | 17,921 | 1,350 |
| H1 2021 | 61,664 | 2,736 |
| H1 2022 | 66,761 | 4,452 |
| H1 2023 | 62,492 | 5,621 |
| H1 2024 | 72,492 | 5,874 |
| H1 2025 | 75,982 | 6,727 |
Fact: H1 2025 marks the highest half-yearly registrations and revenue since 2013.
✨ Conclusion
Mumbai’s property market remains robust, driven by strong demand for compact residences and a steady premium segment. While a slight cooling is visible in some price brackets, overall sentiment and transaction momentum remain upbeat, positioning the city for continued growth in the second half of the year.
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