Mumbai Registers 11,541 properties in February 2025
Real Estate

Mumbai Registers 11,541 properties in February 2025

According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4 per cent Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR). Nevertheless, stamp duty collections remained steady in February 2025, reaching Rs 896 crore, which is almost identical to the Rs 885 crore collected in February 2024. On a month-on-month comparison, January 2025 saw 12,249 properties registered, with stamp duty collections totaling Rs 994 crore.

Mumbai's residential market has experienced significant shifts in micro-market preferences. The central suburbs saw the largest increase in market share, rising from 29% in January 2024 to 33% in January 2025. Central Mumbai and South Mumbai also saw growth, with their market shares increasing to 11 per cent. Here is what real estate industry leaders have to say on the registrations numbers in February 2025.

Prashant Sharma, President, NAREDCO Maharashtra: "The Mumbai real estate market is entering a phase of stability, which is a positive sign for long-term growth. The consistency in stamp duty collections highlights the market's resilience and enduring strength. As developers, we are confident in the continued potential of Mumbai’s real estate sector, especially with the rising demand for high-end residential properties and a clear shift toward more spacious homes."

Shraddha Kedia-Agarwal, Director, Transcon Developers: "The Mumbai real estate market continues to show strong growth potential despite a slight dip in registrations. We’ve observed a shift towards larger residential units, reflecting the growing preference for more spacious living in the city. This trend aligns with evolving consumer preferences, and we are focused on meeting these demands with our upcoming projects."

Rohan Khatau, Director, CCI Projects: "The moderation in property registrations, alongside stable stamp duty collections, reflects the maturity and resilience of Mumbai’s real estate market. We are witnessing a clear shift in buyer preferences toward larger homes and a growing demand for properties in suburbs. At CCI Projects, we are well-positioned to meet these evolving needs by offering thoughtfully designed, spacious living spaces that align with the aspirations of modern homebuyers.

Samyak Jain, Director, Siddha Group: "The shift in Mumbai’s property market, particularly the growing demand for larger residential units, is an encouraging sign for the sector. The strong performance signals continued growth. We are excited about the opportunities this evolving trend presents and look forward to contributing to the future growth of Mumbai’s real estate market."

According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4 per cent Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR). Nevertheless, stamp duty collections remained steady in February 2025, reaching Rs 896 crore, which is almost identical to the Rs 885 crore collected in February 2024. On a month-on-month comparison, January 2025 saw 12,249 properties registered, with stamp duty collections totaling Rs 994 crore. Mumbai's residential market has experienced significant shifts in micro-market preferences. The central suburbs saw the largest increase in market share, rising from 29% in January 2024 to 33% in January 2025. Central Mumbai and South Mumbai also saw growth, with their market shares increasing to 11 per cent. Here is what real estate industry leaders have to say on the registrations numbers in February 2025. Prashant Sharma, President, NAREDCO Maharashtra: The Mumbai real estate market is entering a phase of stability, which is a positive sign for long-term growth. The consistency in stamp duty collections highlights the market's resilience and enduring strength. As developers, we are confident in the continued potential of Mumbai’s real estate sector, especially with the rising demand for high-end residential properties and a clear shift toward more spacious homes. Shraddha Kedia-Agarwal, Director, Transcon Developers: The Mumbai real estate market continues to show strong growth potential despite a slight dip in registrations. We’ve observed a shift towards larger residential units, reflecting the growing preference for more spacious living in the city. This trend aligns with evolving consumer preferences, and we are focused on meeting these demands with our upcoming projects. Rohan Khatau, Director, CCI Projects: The moderation in property registrations, alongside stable stamp duty collections, reflects the maturity and resilience of Mumbai’s real estate market. We are witnessing a clear shift in buyer preferences toward larger homes and a growing demand for properties in suburbs. At CCI Projects, we are well-positioned to meet these evolving needs by offering thoughtfully designed, spacious living spaces that align with the aspirations of modern homebuyers. Samyak Jain, Director, Siddha Group: The shift in Mumbai’s property market, particularly the growing demand for larger residential units, is an encouraging sign for the sector. The strong performance signals continued growth. We are excited about the opportunities this evolving trend presents and look forward to contributing to the future growth of Mumbai’s real estate market.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?