Record-breaking January: Mumbai property registrations surge to 11,773
About 11,773 properties were registered in January 2025, up 7 per cent Y-o-Y
Mumbai city (area under Brihanmumbai Municipal Corporation jurisdiction) recorded the highest January property registrations in 13 years, according to property consultant Knight Frank India.
About 11,773 properties were registered in January 2025 in the city, up 7 per cent year-on-year (Y-o-Y). These transactions generated over Rs 952 crore in stamp duty during the same period, marking a 25 per cent Y-o-Y growth amid a rise in high-value transactions. However, both registrations and revenue declined on a month-on-month (M-o-M) basis. Property registrations fell by 5 per cent, while revenue collections dipped by 16 per cent compared to December 2024.
Knight Frank attributed the decline to a seasonal dip typically observed in January. “Historically, both property registrations and revenue collections have shown a dip in January compared to the preceding December,” it said. By price category, properties worth less than Rs 50 lakh (often referred to as the affordable segment) saw a Y-o-Y decline of 4 per cent in transactions. Meanwhile, transactions of properties worth Rs 5 crore and above increased 53 per cent Y-o-Y. A total of 1,680 properties priced between Rs 2 crore and Rs 5 crore were registered in January 2025, up 31 per cent Y-o-Y.
The western suburbs and central suburbs continued to dominate, accounting for 86 per cent of total market share. However, the share of central suburbs increased from 29 per cent to 33 per cent, while the western suburbs saw a slight decline from 57 per cent to 53 per cent. “This growth reflects a surge in supply and heightened end-user interest in these locations,” the report said. Shishir Baijal, chairman and managing director, Knight Frank India, said, “Steady economic activity and potential interest rate adjustments are expected to further support the market throughout 2025, creating a favourable environment for homebuyers.”
(Except for the headline, nothing has been changed by All India News Network in the PTI copy.)
