Mumbai’s Residential Market Holds Steady While Office Rentals See Double-Digit Growth in H1 2025

Mumbai’s property market in the first half of 2025 showcased resilience, with office rents jumping 12% year-on-year despite a modest drop in leasing volumes. Residential sales stayed strong at over 47,000 units, supported by infrastructure growth and rising buyer preference for larger homes.

Mumbai Records Strongest Half-Yearly Property Registrations Since 2013

Mumbai’s real estate market achieved its best half-yearly performance since 2013, recording 75,982 property registrations and ₹6,727 crore in revenue during H1 2025. While compact homes dominated transactions, premium property sales remained strong, highlighting resilient buyer demand across segments.

Mumbai Sees Surge in Property Registrations and Stamp Duty Revenue in January 2025

Mumbai recorded 12,048 property registrations in January 2025, generating ₹974 crore in stamp duty revenue. This marks a 9.86% increase in registrations and a 28.15% rise in revenue compared to January 2024. However, compared to December 2024, registrations dipped by 2.98%, while revenue declined by 14.12%.

Know How Much your Housing Price will Increase?

A Reuters poll forecasts a 7.8% rise in India’s house prices for 2024, primarily driven by luxury real estate demand. The CREDAI Housing Price Tracker reveals substantial price hikes in Bengaluru, Hyderabad, and Delhi NCR, while Mumbai’s prices remain stable.

Ultra-Luxury Homes Sales Surge to INR 2,443 Cr in Eight Months

The ultra-luxury real estate market in India saw INR 2,443 crore in sales through August 2024. Mumbai leads with 21 transactions valued at INR 2,200 crore. Prices for ultra-luxury homes have risen, with significant jumps in properties over INR 100 crore. Anuj Puri of ANAROCK anticipates more high-value deals as the year progresses.