Mumbai Property Registrations Hit Record High in Early 2025
Despite geopolitical tensions and global economic slowdown, Mumbai’s property registrations scaled fresh highs in the first four months of 2025. According to the Maharashtra State Revenue Department, the overall revenue collected by the authorities from property registrations, and the total registrations in Mumbai in January to April 2025, are at record highs.
An analysis of the data of the Inspector General of Registration (IGR), Maharashtra reveals that the overall revenue collected from property registrations in Mumbai stands at approx. INR 4,633 Cr in first four months of 2025. This is 21% more than last year’s corresponding period (Jan.- April 2024) when the revenue collected was approx. INR 3,836 Cr.
In terms of registration numbers, 52,896 properties were registered in the city in the first four months of 2025, against 48,819 in the same period last year. This is an 8% jump this year over 2024.
A deeper analysis reveals that April 2025 recorded the highest number of property registrations in this month over the past seven years (since 2019), with over 13,080 properties registered. The revenue collected April 2025 stood at approximately INR 1,115 crore. In comparison, April 2024 saw around 11,648 property registrations—about 12% lower than this year. Revenue collection last year was also lower by nearly 5%.
Considering that housing sales remained tepid in across MMR (including Mumbai) in Q1 2025, the spate of registrations in the first four months of the year is remarkable. As per ANAROCK Research, Q1 2025 saw approx. 21,930 units sold in Mumbai - about 28% less than in Q1 2024.
Anuj Puri, Chairman – ANAROCK Group, said, “A key factor behind the surge in property registrations in this period is the record-breaking activity in March, when 15,501 properties were registered. This spike came close on the heels of the announcement of a 3.9% hike in Maharashtra's ready reckoner rates for FY26. March 2025 marked the highest property registrations in the past three years. Prior to this, the highest figures were recorded in December 2020 with 19,581 registrations, and March 2021 with 17,728 registrations.”
March 2021 was squarely in the middle of the COVID-19 period when the Maharashtra government reduced stamp duty on housing units from 5% to 2-3%. While March typically sees strong registration numbers due to the financial year-end, March 2025 was particularly remarkable. The total revenue collected from property registrations in that month alone exceeded ₹1,589 crore.
