While property registrations declined by 4 per cent year-on-year (YoY) in May, the stamp duty collection witnessed a rise of 3 per cent during the same period. This uptick in revenue is attributed to a rise in transactions in the Rs 5 cr and above segment
The latest figures underscore Mumbai's dynamic property market, influenced by varying economic conditions and buyer sentiments. Representational Pic
Mumbai city (under BMC jurisdiction) registered sales of 11,565 properties in May 2025, contributing Rs 1,062 crore to the state’s revenue, real estate consulting firm said.
While property registrations declined by 4 per cent year-on-year (YoY) in May, the stamp duty collection witnessed a rise of 3 per cent during the same period. This uptick in revenue is attributed to a rise in transactions in the Rs 5 cr and above segment.
The market continues to be driven by residential demand, with 80 per cent of all registrations in the month attributed to residential properties.
Meanwhile, Mumbai’s property sale registration and the government revenue collection witnessed fluctuating trends between April 2024 and May 2025.
The data highlights peaks and troughs in both property registrations and revenue collections. For instance, in April 2024, the registrations stood at 11,648 units, with an 11 per cent year-on-year (YoY) growth, though revenue collections dropped 6 per cent month-on-month (MoM) to Rs 1,058 crore.
In September 2024, registrations fell sharply by 15 per cent YoY to 9,111 units, while revenue collection also declined by 22 per cent YoY to Rs 877 crore.
In contrast to this, October 2024 marked a significant recovery with 12,960 registrations (up 22 per cent YoY) and a 44 per cent YoY revenue surge to Rs 1,205 crore.
However, May 2025, saw a dip with registrations at 11,565 units (down 4 per cent YoY) and revenue at Rs 1,062 crore (up 3 per cent YoY), indicating mixed performance.
These figures underscore Mumbai's dynamic property market, influenced by varying economic conditions and buyer sentiments.
Shishir Baijal, Chairman and Managing Director, Knight Frank India, stated, “In May 2025, Mumbai's residential market saw a 4 per cent YoY decline in property registrations, as properties priced between Rs 1–5 crore recorded a slowdown in sales momentum. However, this dip did not impact the revenue collection, owing to higher sales velocity for properties priced above Rs 5 crore. On a year-to-date basis, Mumbai recorded a 24 per cent YoY increase in registrations, totalling 64,461 properties, and a 17 per cent rise in revenue, with stamp duty collections exceeding Rs 5,696 crore.”
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