Property registrations in Mumbai touched a decade-high in the first half of 2025, with 75,982 units registered between January and June, a 5 per cent increase over the same period in 2024. According to data from the Department of Registrations and Stamps (IGR), Maharashtra, the corresponding revenue rose by 15 per cent to Rs 67.27 billion crore, the highest in ten years, as per Knight Frank India. June 2025 recorded 11,586 property transactions, slightly lower than 11,673 in June 2024, marking a marginal 1 per cent decline. However, registration revenue for the month increased by 2 per cent Y-o-Y to Rs 10.31 billion, driven by a rise in high-ticket-size transactions. Demand for luxury homes strengthened, with properties priced above ₹5 crore accounting for 6 per cent of June registrations, up from 5 per cent a year earlier. Meanwhile, the Rs 1–5 crore category saw a relative decline in share. Mumbai’s Western and Central Suburbs continued to dominate residential activity, contributing 88 per cent of total registrations—up from 86 per cent last year. The Western Suburbs led with 57 per cent, followed by the Central Suburbs at 31 per cent, while South Mumbai’s share dipped to 6 per cent, reflecting subdued interest in traditional prime zones. Market observers attribute this performance to robust end-user demand, rising income levels, and an increasing preference for lifestyle upgrades in well-connected suburban hubs. Prashant Sharma, President, NAREDCO Maharashtra, said: “Mumbai’s performance in the first half of 2025 clearly reflects the market's resilience and the underlying strength of real estate demand. Despite a marginal year-on-year dip in June registrations, the 5 per cent growth in H1 volumes and a notable 15 per cent rise in revenue collection highlight both sustained end-user interest and movement in higher-ticket-size segments. The preference for Western and Central suburbs reiterates the role of infrastructure-led development and better connectivity in driving homebuyer sentiment. Going forward, continued policy support and timely project completions will be crucial to maintain this momentum.” Nishant Deshmukh, Founder and Managing Partner, Sugee Group, commented: “The Mumbai market has once again demonstrated its robustness, with the first half of 2025 registering the strongest performance in over a decade. The increased revenue and volume growth are positive indicators of sustained buyer confidence. The slight moderation in June is a healthy sign of market stability and reflects typical seasonal trends. What’s particularly encouraging is the increasing activity in high-value transactions, which bodes well for luxury and premium housing segments, especially in emerging growth corridors.” Nihar Thakkar, Founder, The Mandate House, said: “The latest data underlines how Mumbai’s real estate market is evolving into a more mature and segmented ecosystem. The rise in high-ticket registrations signals wealth creation and a strong appetite for aspirational living. While the mid-market segment has seen a slight dip, it still holds immense potential, especially with the right mix of government incentives and product innovation. The dominance of the Western and Central Suburbs reflects a continued shift in demand hubs, driven by lifestyle preferences and connectivity enhancements.” Shraddha Kedia-Agarwal, Director, Transcon Developers, added: “The real estate landscape in Mumbai is witnessing a shift towards more premium housing, as seen from the growing share of registrations in the ₹5 crore-plus category. This indicates a maturing market where buyers are prioritising lifestyle, amenities, and future-ready infrastructure. The increased traction in the Western Suburbs aligns with this trend, as these locations offer a strong mix of quality developments and urban convenience. Despite economic headwinds, the market has displayed a remarkable ability to adapt, evolve, and grow.”