Mumbai Sees 2nd Continuous Dip in Property Registrations – Is the Real Estate Bubble About to Burst?

Mumbai’s property market witnessed its second straight monthly decline in registrations in May 2025, raising concerns over a potential slowdown. While mid-segment housing saw a dip, luxury property sales surged, keeping government revenue stable. Could this be an early sign of a real estate correction?

Mumbai Property Market Sees April Uptick with 12,986 Registrations, Akshaya Tritiya Boosts Month-End Surge

Mumbai’s real estate market saw a robust April 2025, with 12,986 properties registered and ₹1,105 crore in revenue collected via stamp duty. A major boost came from Akshaya Tritiya, which alone contributed over 1,200 registrations. While the numbers dipped from March’s year-end highs, they marked a clear improvement over April 2024, reflecting sustained homebuyer interest and market stability.

Viyaara Realty Plans ₹50 Crore Residential Project in Dadar

Viyaara Realty is set to redefine luxury housing with Altiora, a ₹50 crore residential project in Dadar and Shivaji Park. The development will feature 1 and 2 BHK residences with 10.5 ft floor-to-floor height, a feature typically found in larger apartments. With breathtaking waterfront views, world-class amenities, and excellent connectivity, Altiora caters to young professionals, nuclear families, and investors looking for a high-end lifestyle in South Mumbai’s prime real estate market.

Gauhar Khan Buys Three Apartments Worth ₹10.13 Crore in Mumbai’s Versova

Gauhar Khan has purchased three apartments worth ₹10.13 crore in Versova, Mumbai, with two jointly owned with her husband, Zaid Darbar. The properties are located in Shiv Kutir Co-operative Housing Society, and the transactions were registered in February 2025.

Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra

Bollywood director Subhash Ghai and his wife Mukta Ghai have purchased a luxury apartment in Bandra West, Mumbai, for ₹24 crore. Located in the upscale 81 Aureate project, the 4 BHK flat spans 5,239 sq. ft. and includes three car parking spaces. The transaction, registered on February 3, 2025, incurred a stamp duty of ₹1.44 crore. Bandra’s prime location and connectivity continue to attract celebrities, with Sonakshi Sinha also recently selling an apartment in the same building for ₹22.50 crore.