Despite global economic challenges and geopolitical tensions, Mumbai’s property registrations reached unprecedented levels in the first four months of 2025. The Maharashtra State Revenue Department has reported record-breaking figures for both revenue collection and total registrations in the city between January and April 2025.
According to data from the Inspector General of Registration (IGR), Maharashtra, property registration revenue in Mumbai touched approximately Rs 4,633 crore during this period—marking a 21% increase compared to Rs 3,836 crore collected in the same period in 2024.
The city recorded 52,896 property registrations from January to April 2025, up 8% from 48,819 registrations in the corresponding period last year.
April 2025 saw the highest number of property registrations for the month in the past seven years, with 13,080 properties registered. Revenue collection stood at approximately Rs 1,115 crore, surpassing April 2024’s 11,648 registrations by 12%, and revenue by 5%.
Interestingly, this surge in registrations came despite a slowdown in housing sales across the Mumbai Metropolitan Region (MMR) in Q1 2025, where approximately 21,930 units were sold—28% lower than in Q1 2024.
Anarock Group Chairman Anuj Puri attributed the surge in registrations largely to the record-breaking activity in March, which saw 15,501 properties registered. This spike followed 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 peak figures were recorded in December 2020 with 19,581 registrations, and in March 2021 with 17,728 registrations.
In March 2021—during the COVID-19 period—stamp duty rates had been temporarily reduced from 5% to 2–3% by the Maharashtra government, boosting registrations. While March typically sees strong activity due to the financial year-end, March 2025 stood out, with property registration revenue exceeding Rs 1,589 crore.
“Further analysis of the property registration data and demand trends from January to April 2025 shows that the average ticket price of sold homes was Rs 1.6 crore,” said Puri. “This is consistent with 2023 and 2024 figures.”
In contrast, the average ticket size during the same period in 2021 was Rs 1 crore, representing a 54% increase over four years. This suggests that 2025 continues to witness higher sales in the premium housing segment, while affordable categories see relatively less traction.
