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A Resilient Market in the City of Dreams
Mumbai’s real estate market has once again demonstrated its remarkable resilience and dynamism in June 2025, registering 11,521 property transactions. While this figure reflects a modest 1% decline compared to June 2024, the city’s revenue from these deals actually rose by 2%, reaching an impressive ₹1,031 crore, according to data from Maharashtra’s Department of Registrations and Stamps (IGR).
The first half of 2025 has been particularly noteworthy for Mumbai. The city recorded 75,982 property registrations—a 5% year-on-year increase and its highest half-year tally in a decade. Revenue collection for this period surged by 15%, totaling ₹6,727 crore. Knight Frank India highlights this as Mumbai’s strongest half-year performance since 2013, underscoring the market’s robust health and investor confidence.
June’s buyer activity revealed a clear shift towards the premium segment. Homes priced above ₹5 crore made up 6% of all registrations, up from 5% the previous year. This trend towards high-value properties has been instrumental in driving revenue growth, even as demand for mid-range homes—especially those between ₹1 crore and ₹5 crore—has cooled.
The preference for compact homes remains strong among Mumbai’s buyers. Homes measuring up to 1,000 sq ft accounted for 84% of all residential registrations in June, nearly matching last year’s 83%. The 500–1,000 sq ft bracket saw a slight increase from 44% to 45%, while units under 500 sq ft held steady at 39%. Larger homes between 1,000–2,000 sq ft made up 13%, and those over 2,000 sq ft remained at 3%.
Mumbai’s suburban regions continue to dominate real estate activity. The Western and Central Suburbs together accounted for 88% of June’s property registrations, up from 86% last year. The Western Suburbs alone contributed 57%, with the Central Suburbs at 31%. In contrast, South Mumbai’s market share dropped to 6%, signaling a slowdown in its traditionally strong micro-markets.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, remarked, “Mumbai’s housing market continues to show resilience with consistent monthly figures above 11,000. The clear tilt towards larger, high-value homes has helped push revenue upward, even as some mid-segments cool.”
As Mumbai’s real estate market evolves, premium properties and suburban areas are leading the charge, while compact homes remain a staple for the city’s buyers. These trends offer valuable insights for investors, developers, and homebuyers navigating one of India’s most dynamic property markets.
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