Mumbai, May 1
Despite geopolitical tensions and the global economic slowdown, Mumbai scaled an all-time high of 52,896 new property registrations in January-April this year, which represents an 8 per cent rise over the 48,819 properties registered during the same four months in 2024, according to a report released by real estate consultancy Anarock on Thursday.
An analysis of the data of the Inspector General of Registration (IGR), Maharashtra, reveals that the overall revenue collected from property registrations in Mumbai stands at around Rs 4,633 crore in the first four months of 2025. This is 21 per cent more than the same period (January - April 2024) last year, when the revenue collected was Rs 3,836 crore.
“Further analysis of the property registrations data and demand trends from January to April shows that the average ticket price of sold homes was Rs 1.57 crore, reminiscent of 2023 and 2024, when it was Rs 1.56 crore,” Anarock chairman Anuj Puri said.
“In the corresponding period in 2021, the average ticket price was significantly lower at Rs 1.02 crore. Thus, it witnessed a 54 per cent jump between January-April 2021 and January-April 2025. In short, 2025 continues to record higher sales of pricey homes than in the more affordable categories,” he added.
According to the Maharashtra State Revenue Department, the overall revenue collected by the authorities from property registrations and the total registrations in Mumbai in January to April 2025 are at record highs, the report states.