Steady buyer sentiment drives Mumbai property registrations to H1 2025 high

Experts indicate buyers are moving towards high-ticket-size transactions, with the city recording its second-highest property registration figures in June 2025

The Mumbai real estate market reached an all-time high in terms of property registrations and revenue in the first half of calendar year 2025 (H1CY2025), driven mainly by steady buyer sentiment and a rise in demand for high-ticket property buys. 

 

Citing data from the Maharashtra Inspector General of Registration (IGR), real estate analytics firm Anarock said the city has clocked its highest-ever half yearly property registrations at 75,672 in this period. This is a four per cent rise from 72,491 registrations in the corresponding period last year. 

 

The revenue from these registrations rose to ₹6,699 crore in these six months, a 14 per cent jump from the ₹5,874 crore recorded in H1CY2024. 

 

In June 2025, Mumbai saw its second highest number of property registrations for the month in six years, with 11,211 properties changing hands and revenue collections hitting ₹1,004 crore, according to Anuj Puri, chairman at the Anarock group. 

 

Shishir Baijal, chairman and managing director at Knight Frank India added that Mumbai’s residential market continues to reflect steady buyer confidence and demand, leading to the city’s strongest half-yearly performance in over a decade. 

 

Experts believe that the significant increase in revenue, despite a more moderate percentage increase in registrations, suggests a higher share of high ticket-size transactions. 

 

The average ticket price of homes in H1CY2025 was the highest at ₹1.6 crore, 3 per cent higher than in H1CY2024 (₹1.56 crore). 

 

While the share of registrations for properties priced above ₹5 crore rose 6 per cent year-on-year (Y-o-Y) in June 2025, the mid-market segments priced between ₹1 crore and ₹5 crore saw a 10 per cent Y-o-Y dip in their contribution to overall registrations. 

 

“While we have seen some cooling in the mid-price segments, the appetite for larger homes and properties priced above ₹5 crore remains strong, driving healthy revenue collections,” Baijal said. 

 

Among the micro markets, the Western and Central suburbs anchored Mumbai’s residential market, accounting for a combined 88 per cent of total registrations in June 2025.  

   

“In contrast, South Mumbai’s share declined to 6 per cent, indicating a relative softening in activity within the city’s traditional prime micro-markets,” the Knight Frank report said.

 

Anarock Research added that registration numbers for the Mumbai Metropolitan Region (MMR) stayed robust despite a 34 per cent drop in units sold — from 84,465 units in H1CY2024 to 62,890 units in H1CY2025. 

 

Puri said that this was due buyers rushing to register properties after the announcement of a 3.9 per cent hike in Maharashtra’s ready reckoner rates for 2025-26 (FY26), resulting in a whopping 15,501 registrations — the highest March tally in three years.