Mumbai registered 11,773 property transactions in January 2025, the highest for the month in 13 years, reflecting continued real estate momentum. According to Knight Frank India, this marks a 7% year-on-year increase. Stamp duty collections surged 25% to ₹952 crore, driven by a rise in high-value transactions.
However, on a month-on-month basis, registrations dipped by 5%, while revenue from stamp duty fell 16% compared to December 2024.
The demand for premium properties has risen, with transactions for homes priced at ₹2 crore and above increasing from 16% in January 2024 to 19% in January 2025. Meanwhile, registrations for properties under ₹50 lakh declined from 31% to 28%, indicating a shift towards higher-value housing.
Western and central suburbs contributed 86% of total registrations. The central suburbs saw a rise in market share from 29% to 33%, while the western suburbs’ share dropped from 57% to 53%.
Industry Insights
- Prashant Sharma, President, NAREDCO Maharashtra, noted that the rise in high-value transactions highlights changing buyer preferences. He emphasised the need for policy support, including stamp duty rationalisation and stable interest rates, to sustain momentum.
- Rohan Khatau, Director, CCI Projects, said the growing appetite for ₹2 crore-plus properties reflects demand for larger apartments. The shifting market share indicates increasing interest in emerging micro-markets.
- Shraddha Kedia-Agarwal, Director, Transcon Developers, highlighted that location, connectivity, and lifestyle amenities are key priorities for buyers. She expects long-term growth despite a slight month-on-month dip.
- Samyak Jain, Director, Siddha Group, pointed out that the trend towards premium housing underscores changing buyer aspirations. He stressed the importance of integrated developments with strong connectivity and infrastructure.
- Abhishek Jain, COO, Satellite Developers Private Limited (SDPL), stated that the ₹2 crore-plus segment’s growth signals buyers’ willingness to invest in quality and space. He called for sustained policy support to maintain market momentum.
