FCC

Mumbai Sees Record Rs 6.7 Billion in H1 Property Revenue

2025-07-02

Mumbai, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded 75,982 property sales in the first half of 2025 (January–June), marking a 5 per cent year-on-year increase, according to a report released by Knight Frank India. This is the city’s highest half-yearly registration figure since 2013.

Revenue from these transactions rose by 15 per cent year-on-year to Rs 6.7 billion, also registering the strongest six-month performance in over a decade. In June alone, 11,521 properties were registered—a slight decline of 1 per cent from June 2024—while registration revenue rose 2 per cent to Rs 1.03 billion.

Residential units continued to dominate, accounting for 80 per cent of all registrations. Shishir Baijal, Chairman and Managing Director of Knight Frank India, said, “Mumbai’s residential market continues to show consistent buyer confidence, as registration volumes remain well above the 11,000-mark year after year. Demand for premium homes above Rs 50 million has significantly supported revenue growth.”

June data also revealed a growing inclination toward high-value properties, with the share of registrations for homes priced above Rs 50 million rising from 5 per cent in June 2024 to 6 per cent this year.

Compact homes remained the preferred choice, with flats up to 1,000 sq ft accounting for 84 per cent of June’s transactions—slightly up from 83 per cent a year earlier. Within this category, 500–1,000 sq ft units led demand, increasing from 44 per cent to 45 per cent. The share of smaller homes up to 500 sq ft held steady at 39 per cent.

Larger homes continued to maintain niche interest, with properties between 1,000–2,000 sq ft steady at 13 per cent and those above 2,000 sq ft stable at 3 per cent, indicating an enduring preference for compact living with limited yet consistent demand for more spacious options.