Property Registrations In Mumbai At New High, Revenue Collection Up 17%

New Delhi: Property registrations throughout finances classes within the town persevered to scale new excessive within the first 5 months of 2025, a record confirmed on Saturday. According to the Maharashtra State Revenue Department, the full earnings gathered by means of the government from assets registrations and the full registrations in Mumbai in January to May 2025 used to be at a report excessive.

An research of the knowledge of Inspector General of Registration (IGR), Maharashtra published that the full earnings gathered from assets registrations in Mumbai stood at just about Rs 5,695 crore within the first 5 months of 2025, in keeping with the record by means of Anarock Group.

This is 17 consistent with cent greater than closing yr’s corresponding length (January- May 2024) when the earnings gathered used to be approx. Rs 4,860 crore. In phrases of the choice of assets registrations, 64,461 houses had been registered within the town in 5 months of 2025 in opposition to 60,818 houses in the similar length closing yr. This is a 6 consistent with cent soar this yr over closing yr.

“A deeper analysis reveals that May 2025 recorded the second-highest number of property registrations since 2019 in May month, with over 11,562 properties registered,” stated Anuj Puri, Chairman, Anarock Group.

The earnings gathered all through the month stood at roughly Rs 1,062 crore. In comparability, May 2024 noticed the perfect registrations of round 11,999 assets registrations — about 4 consistent with cent upper than this yr.

Meanwhile, the Mumbai luxurious residential marketplace persevered to force gross sales in Q1 2025 however plentiful new provide additions on this section (houses priced above Rs 2.5 crore) has created a list upward push, stated the record.

Anarock information indicated that for the primary time since 2022, Q1 2025 witnessed a 36 consistent with cent every year building up in unsold inventory of luxurious houses – from just about 6,180 devices as of Q1 2024-end to almost 8,420 devices as of Q1 2025 finish.

“The increase in unsold luxury stock is mainly attributable to significant new unit additions in this price category over the last one year. As per data, 2024 saw as many as 16,480 units added in the Rs 2.5 crore and above budget category in entire Mumbai Metropolitan Region (MMR), while another 5,294 units were added in Q1 2025,” stated Puri.

Further research of the valuables registrations information and insist tendencies over January to May months displays that the common price tag value of houses bought stood at Rs 1.59 crore – the perfect since 2019, indicating gross sales of high-ticket value houses.