Mumbai Sees 11,500+ Property Sales in May, Says Knight Frank
Real Estate

Mumbai Sees 11,500+ Property Sales in May, Says Knight Frank

Mumbai city (under BMC jurisdiction) registered sales of 11,565 property in May 2025, contributing Rs 10.62 billion to the state’s revenue. While property registrations declined by 4 per cent year-on-year (YoY) in May 2025, stamp duty collection witnessed a rise of 3 per cent during the same period. This uptick in revenue is attributed to a rise in transactions in the Rs 50 million and above segment. The market continues to be driven by residential demand, with 80 per cent of all registrations in the month attributed to residential properties.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “In May 2025, Mumbai residential market saw a 4 per cent Y-o-Y decline in property registrations, as properties priced between Rs 10–50 million recorded a slowdown in sales momentum.  However, this dip did not impact the revenue collection, owing to higher sales velocity for properties priced above Rs 50 million.  On a year-to-date basis, Mumbai recorded a 24 per cent Y-o-Y increase in registrations, totalling 64,461 properties, and a 17 per cent rise in revenue, with stamp duty collections exceeding Rs 56.96 billion.”

May 2025 saw a clear divergence in buyer activity, with growth concentrated at the higher ends of the price spectrum. Registrations for properties priced above Rs 50 million increased from 5 per cent in May 2024 to 7 per cent in May 2025. In contrast, the mid-priced segments, particularly those between Rs 10 to 50 million, witnessed a decline in share.

Mumbai city (under BMC jurisdiction) registered sales of 11,565 property in May 2025, contributing Rs 10.62 billion to the state’s revenue. While property registrations declined by 4 per cent year-on-year (YoY) in May 2025, stamp duty collection witnessed a rise of 3 per cent during the same period. This uptick in revenue is attributed to a rise in transactions in the Rs 50 million and above segment. The market continues to be driven by residential demand, with 80 per cent of all registrations in the month attributed to residential properties.Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated, “In May 2025, Mumbai residential market saw a 4 per cent Y-o-Y decline in property registrations, as properties priced between Rs 10–50 million recorded a slowdown in sales momentum.  However, this dip did not impact the revenue collection, owing to higher sales velocity for properties priced above Rs 50 million.  On a year-to-date basis, Mumbai recorded a 24 per cent Y-o-Y increase in registrations, totalling 64,461 properties, and a 17 per cent rise in revenue, with stamp duty collections exceeding Rs 56.96 billion.”May 2025 saw a clear divergence in buyer activity, with growth concentrated at the higher ends of the price spectrum. Registrations for properties priced above Rs 50 million increased from 5 per cent in May 2024 to 7 per cent in May 2025. In contrast, the mid-priced segments, particularly those between Rs 10 to 50 million, witnessed a decline in share.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code