Property Registration in Mumbai in the first five months of 2025, a tremendous 17 percent increase in revenue

Mumbai, May 31 (IANS). Property registration reached a new level below the budget category in the first five months of 2025 in the financial capital Mumbai in India. This information was given in a report on Saturday. According to the Maharashtra Revenue Division, the revenue raised in January registration was and the total registration in Mumbai was great. According to the Encarock Group report, data analysis of the Inspector General of Registration (IGR), Maharashtra suggests that the total revenue collected from property registration in Mumbai in the first five months of 2025 was about Rs 5,695 crore. This is 17 percent higher than in the same period last year’s January-May 2024, when the enclosed income was recorded at around Rs 4.860 crore. In the five months of 2025, 64,461 properties were registered in the city, compared to 60.818 properties in the same period last year. This is a 6 percent increase compared to the previous year. AnuJ Puri, chairman of Anarock Group, said: “Intensive analysis indicates that the second highest number of property registrations was recorded in May 2025 since 2019, with more than 11,562 property register.” According to the report, the revenue raised during this month amounted to approximately 1,062 crore. In comparison, in May 2024, the highest registrations were with approximately 11,999 property registrations, which is about 4 percent more than this year. Meanwhile, in the first quarter of 2025, the luxury residential market of Mumbai continued to promote sales, but the sufficient new offer expense in this segment (homes have more than Rs 2.5 crore) increased the stock. Anarock data shows that the first quarter of 2025 had an annual growth of 36 percent in the first quarter of 2025 to 2022, which grew from about 6.180 units by the end of the first quarter of 2025. 2024, the entire Mumbai Metropolitan area was added to Rs 2.5 crore and more in the budget category, while 16,480 units were added to the budget category, while 5.294 units were added and added in the first quarter of 2025. Further analysis of property registration data and demand trends in January to May shows that the average price of selling the sale of 1 1.59 crore is. of high -ticket -prize houses.