Mumbai property registrations rise 12% YoY in April to 13,080; Stamp duty revenue reaches ₹1,115 crore

Mumbai recorded 13,080 property transactions in April 2025, generating ₹1,115 crore in state revenue. Property registrations rose 12% year-on-year, while stamp duty collections grew by 5%, according to data from Maharashtra’s Department of Registrations and Stamps (IGR). Residential demand remained the key driver, accounting for 80% of all registrations, highlighting strong end-user interest in the housing market.

Residential demand remains the primary driver of the market, with 80% of April’s registrations attributed to residential properties. This underscores sustained end-user interest in the housing segment, according to an analysis by Knight Frank India.

The share of registrations for properties priced at ₹2 crore and above increased from 22% in April 2024 to 25% in April 2025, totalling 3,242 transactions. Meanwhile, share of registrations for properties priced below ₹50 lakh remained flat at 14%.

Properties up to 1,000 sq ft continue to lead in registrations

Apartments up to 1,000 sq ft continued to lead in registrations, with larger homes gaining traction. Units ranging from 1,000 to 2,000 sq ft maintained a steady share of 14%, while those exceeding 2,000 sq ft held firm at 3%, underscoring a sustained preference for larger living spaces.

Western Suburb and Central Suburb account to 86% of the total market share

The Western and Central Suburbs remained the dominant real estate hubs, accounting for 85% of the total market share. However, both Central and South Mumbai witnessed an uptick in share of property registrations by 1%. This shift reflects both rising supply and increased buyer interest in emerging locations.

“Property registrations in April 2025 have touched a 13-year high for the month, with 13,080 units recorded. This performance, backed by a 12% YoY growth, also highlights the growing preference for premium homes. Properties priced above ₹2 crore now account for 25% of total registrations, up from 22% a year ago. With the RBI having reduced the policy repo rate by a cumulative 50 basis points, timely transmission by banks will be essential to enhance affordability and strengthen homebuyer sentiment. As infrastructure upgrades reshape the city and aspirations continue to evolve, supportive financial conditions will be key to sustaining market momentum,” said Shishir Baijal, chairman and managing director, Knight Frank India.