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.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?