Mumbai, the country’s largest and most expensive property market, has recorded its strongest half-yearly performance ever led by sustained homebuyers’ demand, lower home loan rates aided by the recent interest rate reduction, and the city’s ongoing infrastructure and connectivity upgrade.
The momentum has sustained despite steady growth in property prices and hike in ready reckoner (RR) rates from the beginning of the new financial year.
The country’s financial capital registered over 75,933 property deals in the first half of 2025, up 5% year-on-year, with the state exchequer fetching Rs 6,727 crore in stamp duty, a 15% rise and the strongest half-yearly performance on both counts, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
“Mumbai’s residential market continues to reflect steady buyer confidence, as monthly registrations consistently stay above the 11,000-mark year-on-year. What is particularly encouraging is that this sustained demand has led to the city’s strongest half-yearly performance. While we have seen some cooling in the mid-price segments, the appetite for larger homes and properties priced above Rs 5 crore remains strong, driving healthy revenue collections,” Shishir Baijal, CMD, Knight Frank India.
In June, property registrations and stamp duty collection touched over 11,521 deals and Rs 1,021 crore, respectively.
“The sales pattern underscores a structural shift in demand, particularly for larger, high-value exclusive homes, as buyers continue to prioritise long-term lifestyle, community living and location choices. This trend is being reinforced by the government’s ongoing efforts to upgrade infrastructure across the Mumbai region. These developments are not only enhancing connectivity but also reshaping buyer perceptions of emerging micro-markets,” said Parthh K Mehta, CMD, Paradigm Realty.
According to experts, the recent reduction in home loan rates following the Reserve Bank of India’s decision to lower Repo rate by 50 basis points, taking the cumulative reduction to 100 basis points in the last six months, is expected to keep the housing sales robust.
The government is currently undertaking several infrastructure projects in the region Including the metro network expansion, the coastal road project, or the improvement of arterial connectors and expressways.
Apartments up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in June, accounting for 84% of all transactions, broadly stable compared to 83% a year ago.
Within this, the 500–1,000 sq ft segment remained the most popular, inching up from 44% to 45%. The share of units up to 500 sq ft held steady at 39%. This underscores the enduring preference for compact homes, even as a niche segment of buyers continues to explore more spacious living options.
The western and central suburbs continued to anchor Mumbai’s residential market, together accounting for 88% of total registrations in June, up slightly from 86% a year ago. The western suburbs alone contributed 57%, while the central suburbs accounted for 31% share.
The momentum has sustained despite steady growth in property prices and hike in ready reckoner (RR) rates from the beginning of the new financial year.
The country’s financial capital registered over 75,933 property deals in the first half of 2025, up 5% year-on-year, with the state exchequer fetching Rs 6,727 crore in stamp duty, a 15% rise and the strongest half-yearly performance on both counts, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
“Mumbai’s residential market continues to reflect steady buyer confidence, as monthly registrations consistently stay above the 11,000-mark year-on-year. What is particularly encouraging is that this sustained demand has led to the city’s strongest half-yearly performance. While we have seen some cooling in the mid-price segments, the appetite for larger homes and properties priced above Rs 5 crore remains strong, driving healthy revenue collections,” Shishir Baijal, CMD, Knight Frank India.
In June, property registrations and stamp duty collection touched over 11,521 deals and Rs 1,021 crore, respectively.
“The sales pattern underscores a structural shift in demand, particularly for larger, high-value exclusive homes, as buyers continue to prioritise long-term lifestyle, community living and location choices. This trend is being reinforced by the government’s ongoing efforts to upgrade infrastructure across the Mumbai region. These developments are not only enhancing connectivity but also reshaping buyer perceptions of emerging micro-markets,” said Parthh K Mehta, CMD, Paradigm Realty.
According to experts, the recent reduction in home loan rates following the Reserve Bank of India’s decision to lower Repo rate by 50 basis points, taking the cumulative reduction to 100 basis points in the last six months, is expected to keep the housing sales robust.
The government is currently undertaking several infrastructure projects in the region Including the metro network expansion, the coastal road project, or the improvement of arterial connectors and expressways.
Apartments up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in June, accounting for 84% of all transactions, broadly stable compared to 83% a year ago.
Within this, the 500–1,000 sq ft segment remained the most popular, inching up from 44% to 45%. The share of units up to 500 sq ft held steady at 39%. This underscores the enduring preference for compact homes, even as a niche segment of buyers continues to explore more spacious living options.
The western and central suburbs continued to anchor Mumbai’s residential market, together accounting for 88% of total registrations in June, up slightly from 86% a year ago. The western suburbs alone contributed 57%, while the central suburbs accounted for 31% share.
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