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Despite geopolitical tensions and global economic slowdown, Mumbai's property registrations scaled fresh highs in the first four months of 2025.
Citing Maharashtra State Revenue Department data, real estate consultancy firm Anarock said that the overall revenue collected by the authorities from property registrations, and the total registrations in Mumbai in January to April 2025, were at record highs. An analysis of the data of the Inspector General of Registration (IGR), Maharashtra revealed that the overall revenue collected from property registrations in Mumbai stood at Rs 4,633 crore in first four months of 2025. This is 21 per cent more than last year's corresponding period when the revenue collected was about Rs 3,836 crore. 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 per cent jump this year over 2024. According to Anarock, a deeper analysis revealed that April 2025 recorded the highest number of property registrations since 2019, with over 13,080 properties registered. The revenue collected in April 2025 stood at approximately Rs 1,115 crore. In comparison, April 2024 saw around 11,648 property registrations--about 12 per cent lower than this year. Revenue collection last year was also lower by nearly 5 per cent. Considering that housing sales remained tepid in across MMR (including Mumbai) in January-March 2025, the spate of registrations in the first four months of the year is remarkable. As per ANAROCK Research, Q1 2025 saw approximately 21,930 units sold in Mumbai - about 28 per cent 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 per cent hike in Maharashtra's ready reckoner rates for FY26." (ANI)
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