Mumbai’s real estate market remained strong in February 2025, recording 11,541 property registrations and contributing ₹896 crore in stamp duty revenue to the state exchequer. Despite February’s shorter duration, the city saw an average of 412 daily registrations, a 4% increase from January’s 395 units. Daily stamp duty collections remained stable at ₹32 crore, slightly up from ₹31 crore in February 2024.
While property registrations declined from 12,056 in February 2024, this year’s numbers marked the second-best February performance on record. Residential properties dominated, accounting for 80% of all transactions. Notably, high-value property sales surged, with registrations of homes priced above ₹5 crore rising by 15% year-on-year. Meanwhile, the demand for properties below ₹50 lakh fell by 19%, reflecting a growing preference for premium homes.
Market trends also showed a shift toward larger apartments, with registrations for 1,000–2,000 sq. ft. units increasing from 8% to 13%, while smaller units under 500 sq. ft. saw a drop from 48% to 38%. Micro-market preferences evolved as well, with the Central Suburbs increasing their market share to 33%, while the Western Suburbs saw a decline from 55% to 45%, indicating growing demand in areas benefiting from infrastructure upgrades.
Shishir Baijal, Chairman & MD of Knight Frank India, noted that Mumbai’s property market remains resilient, with consistent monthly registrations exceeding 11,000. He attributed the premium segment’s growth to economic expansion and ongoing infrastructure projects.
Dhaval Ajmera, Director at Ajmera Realty, highlighted Mumbai’s redevelopment boom and anticipated that RBI’s rate cuts and budget measures would further support market stability. Amit Jain, Chairman of Arkade Developers, emphasized that continued government initiatives and developer incentives would sustain demand in both premium and mid-range segments.
With strong economic fundamentals and infrastructure advancements, Mumbai’s real estate market is poised for continued stability and long-term growth.
