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Key Points

Mumbai’s property market defies economic slowdown with record registrations in early 2025. Revenue from property deals surged 21% compared to last year, driven by a March spike. April alone saw 13,080 registrations, the highest since 2019. Experts attribute the boom to policy changes like the ready reckoner rate hike.

Key Points: Mumbai Property Registrations Hit Record High Despite Economic Slowdown

  • Mumbai property registrations rise 8% YoY to 52,896 units
  • Revenue jumps 21% to Rs 4,633 crore
  • April 2025 sees highest registrations since 2019
  • March spike linked to ready reckoner rate hike
2 min read

Mumbai sets new property registrations record for January-April period

Mumbai sees 21% revenue growth from property registrations in Jan-Apr 2025, with 52,896 units registered despite global economic challenges.

"A key factor behind the surge in property registrations is the record-breaking activity in March, when 15,501 properties were registered. – Anuj Puri, ANAROCK Group"

Mumbai, May 1

Despite geopolitical tensions and global economic slowdown, Mumbai's property registrations scaled fresh highs in the first four months of 2025.

Citing Maharashtra State Revenue Department data, real estate consultancy firm Anarock said that the overall revenue collected by the authorities from property registrations, and the total registrations in Mumbai in January to April 2025, were at record highs.

An analysis of the data of the Inspector General of Registration (IGR), Maharashtra revealed that the overall revenue collected from property registrations in Mumbai stood at Rs 4,633 crore in first four months of 2025. This is 21 per cent more than last year's corresponding period when the revenue collected was about Rs 3,836 crore.

In terms of registration numbers, 52,896 properties were registered in the city in the first four months of 2025, against 48,819 in the same period last year. This is an 8 per cent jump this year over 2024.

According to Anarock, a deeper analysis revealed that April 2025 recorded the highest number of property registrations since 2019, with over 13,080 properties registered.

The revenue collected in April 2025 stood at approximately Rs 1,115 crore. In comparison, April 2024 saw around 11,648 property registrations--about 12 per cent lower than this year. Revenue collection last year was also lower by nearly 5 per cent.

Considering that housing sales remained tepid in across MMR (including Mumbai) in January-March 2025, the spate of registrations in the first four months of the year is remarkable.

As per ANAROCK Research, Q1 2025 saw approximately 21,930 units sold in Mumbai - about 28 per cent less than in Q1 2024.

Anuj Puri, Chairman - ANAROCK Group, said, "A key factor behind the surge in property registrations in this period is the record-breaking activity in March, when 15,501 properties were registered. This spike came close on the heels of the announcement of a 3.9 per cent hike in Maharashtra's ready reckoner rates for FY26."

- ANI

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Reader Comments

R
Rahul K.
This is great news for Mumbai's economy! 🏙️ But I wonder how much of this is driven by investors vs actual homebuyers. With sales being 28% lower, it seems like people are buying properties just for investment while common Mumbaikars still struggle with affordability.
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Priya M.
The March spike clearly shows how ready reckoner rate hikes push people to register properties before new rates kick in. Government should find a way to stabilize these rates rather than using them as revenue tools. This rollercoaster isn't good for long-term market health.
A
Amit S.
Mumbai's real estate market is like Bollywood - full of drama and surprises! 😄 On serious note, hope this growth translates to better infrastructure. Our city desperately needs better roads, water supply and public transport to support all these new properties.
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Neha T.
As someone working in real estate sector, I can confirm there's been massive interest from NRIs in Mumbai properties. The weakening rupee makes Indian real estate attractive for dollar earners. This could be contributing to the registration numbers.
S
Sanjay V.
While the numbers look impressive, we must ask - at what cost? So many new buildings but no improvement in quality of life for average Mumbaikar. Sky-high prices, cramped spaces, and endless construction noise have become our reality. Development should be more balanced.
M
Meena R.
The 21% revenue increase is good for state coffers, but will this translate to better civic amenities? BMC should use these funds to improve flood resilience before monsoon hits. Last year's floods showed how vulnerable our city is despite all the development.

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