Mumbai Property Registrations Hit Seven-Year High in April

Mumbai’s real estate market has witnessed an unexpected surge in property registrations, with April 2025 marking a seven-year high in activity.

According to data from the Maharashtra State Revenue Department and the Inspector General of Registration (IGR), 13,080 properties were registered in the city during April, representing a 12% increase over the 11,648 registrations recorded in the same month the previous year. This spike in property transactions contributed to a total of 52,896 registrations between January and April 2025, reflecting an 8% year-on-year rise from 48,819 in the first four months of 2024. Notably, the government’s revenue from stamp duty and registration fees has experienced a significant uptick, with collections reaching ₹4,633 crore in the first quarter of the year, a 21% increase compared to the same period last year. For April alone, the government collected ₹1,115 crore, marking a 5% year-on-year increase.

The surge in property registrations can largely be attributed to record-breaking activity in March 2025. During that month, a total of 15,501 properties were registered, the highest in three years. This surge followed a 3.9% increase in Maharashtra’s ready reckoner rates for FY26, which likely spurred property transactions ahead of the price hike. Real estate experts noted that March’s registration figures surpassed previous records set in December 2020 and March 2021, both of which had seen high volumes of property activity. Despite an overall decline in housing sales, with ANAROCK Research reporting a 28% year-on-year drop in Mumbai’s Q1 2025 housing sales, the average deal size has significantly increased. Between January and April 2025, the average ticket size of registered properties stood at ₹1.57 crore, with March 2025 seeing a peak at ₹1.86 crore. This indicates a shift towards high-value property transactions, reflecting strong investor demand for premium assets, even in the face of broader economic challenges and geopolitical uncertainties.

While housing sales have been on a downward trajectory, as evidenced by the 28% decline in Q1 2025, the data suggests that the Mumbai real estate market is still attracting robust demand, particularly for high-end properties. The growth in the average ticket size of transactions further highlights this trend. In fact, properties worth over ₹2 crore now account for 25% of total registrations in the city, an increase from 22% in April 2024, according to data from Knight Frank. The shift towards larger, premium homes is indicative of buyers’ growing appetite for quality real estate, especially in sought-after micro-markets. Several areas in Mumbai, including Versova, Borivali, and Ghatkopar, are seeing significant growth, thanks to increased buying power and a shift in buyer preferences towards more spacious homes and lifestyle enhancements. These micro-markets, traditionally known for their residential offerings, are now experiencing multifold growth, with the demand for premium properties contributing to the market’s resilience.

Interestingly, despite the rise in premium property transactions, affordable housing remains a steady segment of the market. Properties priced under ₹50 lakh accounted for 14% of all registrations in April 2025, indicating that demand for smaller, more affordable homes continues to hold strong. In fact, smaller homes under 1,000 square feet are still popular, even as larger homes see increased demand. The trend reflects a balancing act between buyers seeking better living conditions and those still focused on affordability, offering a snapshot of the city’s evolving real estate landscape. Experts attribute the growth in premium property deals to several key factors, including the overall improving economic climate, rising disposable incomes, and a growing inclination among investors towards high-value real estate. Even with the broader slowdown in housing sales, these factors have kept demand for premium properties steady, with buyers seeing them as long-term investments.

The surge in property registrations has also been seen as an indicator of underlying confidence in the Mumbai real estate market. Despite macroeconomic challenges, the city continues to attract both domestic and international investors looking for secure and lucrative investment opportunities in the property sector. The upward trend in high-value transactions signals a shift towards long-term investments, as buyers seek assets with the potential for sustained appreciation. Mumbai’s real estate market is also witnessing a steady demand for larger homes, with a clear preference for spacious residences. This is partly attributed to changing buyer lifestyles, where factors like work-from-home arrangements and the growing importance of wellness and comfort have become key considerations. As people increasingly seek larger, more comfortable living spaces, the demand for premium properties has surged.

For property investors, the latest registration data is a signal that despite short-term fluctuations in the market, long-term growth prospects remain robust. The continued rise in property values and the consistent demand for high-end assets suggest that Mumbai’s real estate market is on a firm footing, offering lucrative opportunities for both domestic and international investors. The increase in premium property transactions is also aligned with broader market trends in other major cities across India, where investors are gravitating towards high-value properties as a means of safeguarding wealth in uncertain times. As Mumbai continues to serve as a commercial and financial hub, the city’s real estate market is expected to remain a key driver of economic growth in the region. While challenges such as affordability and supply constraints remain in certain segments of the market, the current surge in high-value property deals showcases the resilience of Mumbai’s real estate sector. With a steady influx of premium property registrations and a shift towards larger living spaces, the market is set to continue its upward trajectory in the near future.

As the city adapts to evolving buyer preferences and market conditions, it is evident that the demand for high-value properties is here to stay. Investors and homeowners alike are increasingly focusing on quality over quantity, making the Mumbai real estate market an attractive destination for those looking to invest in the future of the city’s growth and development.

 Mumbai Property Registrations Hit Seven-Year High in April