Latest news with #InspectorGeneralofRegistration
News18
a day ago
- Business
- News18
Mumbai Property Registrations Hit All-Time High Of 75,672 In January-June, Rises 4% YoY
Last Updated: The revenue generated from these registrations in Mumbai also jumps 14% year-on-year to Rs 6,699 crore, compared with Rs 5,874 crore in H1 2024. Mumbai's real estate market has defied global and domestic headwinds in the first half of 2025, posting record-breaking figures in both property registrations and government revenue. The latest data from the Maharashtra State Revenue Department shows that between January and June 2025, Mumbai recorded 75,672 property registrations, which was up 4% from 72,491 in the corresponding period last year. The revenue generated from these registrations also jumped 14% year-on-year to Rs 6,699 crore, compared with Rs 5,874 crore in H1 2024, according to data from the Inspector General of Registration (IGR). This robust performance comes despite broader market challenges, including geopolitical tensions, domestic uncertainties, and muted housing sales across the Mumbai Metropolitan Region (MMR). June Clocks Second-Highest Registrations in 6 Years According to the data, June 2025 alone saw 11,211 property deals in Mumbai, making it the second-highest registration month for June in the last six years. The city earned Rs 1,004 crore in revenue during the month. While transaction volume was 4% lower compared to June 2024's 11,673 registrations, revenue held steady, dipping just 1% year-on-year. 'June 2025 saw Mumbai notch up its second-highest property registrations for the month in six years, with 11,211 properties changing hands and revenue collections hitting an impressive Rs 1,004 crore," said Anuj Puri, Chairman of ANAROCK Group. 'While registrations dipped slightly – about 4% lower than June 2024's 11,673 deals – this year's revenue held firm, matching almost last year's figure." 'Behind this seeming paradox lies a record-breaking March. After the announcement of a 3.9% hike in Maharashtra's ready reckoner rates for FY26, buyers rushed to register properties, resulting in a whopping 15,501 registrations – the highest March tally in three years. For perspective, only December 2020 (19,581) and March 2021 (17,728) saw higher numbers, both during the COVID-era stamp duty cut. March is always a hot month for registrations, but March 2025 was exceptional, raking in over ₹1,589 crore in revenue from property registrations alone," Puri added. The data also points to a growing preference for high-value homes. The average ticket size of properties registered in H1 2025 stood at Rs 1.60 crore, a 3% rise from Rs 1.56 crore in H1 2024. When compared to H1 2021, where the average was Rs 1.02 crore, the increase is a substantial 55%. 'In short, 2025 continues to record more sales of high-ticket price homes in comparison to more affordable ones," Anarock Research said. First Published: June 30, 2025, 14:57 IST
Time of India
a day ago
- Business
- Time of India
Sustained demand, infra revamp drive Mumbai property market to best-ever H1
Mumbai, the country's largest and most expensive property market, has recorded its strongest half-yearly performance ever led by sustained homebuyers' demand, lower home loan rates aided by the recent interest rate reduction, and the city's ongoing infrastructure and connectivity upgrade. The momentum has sustained despite steady growth in property prices and hike in ready reckoner (RR) rates from the beginning of the new financial year. The country's financial capital registered over 75,933 property deals in the first half of 2025, up 5% year-on-year, with the state exchequer fetching Rs 6,727 crore in stamp duty, a 15% rise and the strongest half-yearly performance on both counts, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mechanics Say: Fix That Windshield Crack Before It's Too Late Nexa 'Mumbai's residential market continues to reflect steady buyer confidence, as monthly registrations consistently stay above the 11,000-mark year-on-year. What is particularly encouraging is that this sustained demand has led to the city's strongest half-yearly performance. While we have seen some cooling in the mid-price segments, the appetite for larger homes and properties priced above Rs 5 crore remains strong, driving healthy revenue collections,' Shishir Baijal, CMD, Knight Frank India. In June, property registrations and stamp duty collection touched over 11,521 deals and Rs 1,021 crore, respectively. Live Events 'The sales pattern underscores a structural shift in demand, particularly for larger, high-value exclusive homes, as buyers continue to prioritise long-term lifestyle, community living and location choices. This trend is being reinforced by the government's ongoing efforts to upgrade infrastructure across the Mumbai region. These developments are not only enhancing connectivity but also reshaping buyer perceptions of emerging micro-markets,' said Parthh K Mehta, CMD, Paradigm Realty. According to experts, the recent reduction in home loan rates following the Reserve Bank of India's decision to lower Repo rate by 50 basis points, taking the cumulative reduction to 100 basis points in the last six months, is expected to keep the housing sales robust. The government is currently undertaking several infrastructure projects in the region Including the metro network expansion, the coastal road project, or the improvement of arterial connectors and expressways. Apartments up to 1,000 sq ft continued to dominate Mumbai's residential registrations in June, accounting for 84% of all transactions, broadly stable compared to 83% a year ago. Within this, the 500–1,000 sq ft segment remained the most popular, inching up from 44% to 45%. The share of units up to 500 sq ft held steady at 39%. This underscores the enduring preference for compact homes, even as a niche segment of buyers continues to explore more spacious living options. The western and central suburbs continued to anchor Mumbai's residential market, together accounting for 88% of total registrations in June, up slightly from 86% a year ago. The western suburbs alone contributed 57%, while the central suburbs accounted for 31% share.
Time of India
4 days ago
- Entertainment
- Time of India
Randeep Hooda buys a luxurious home in Versova for Rs 5.63 crore: Report
Randeep Hooda has made a significant real estate investment, purchasing a new home in Mumbai's Versova for Rs 5.63 crore. The property, spanning approximately 1,530 square feet, is located in Andheri West. Hooda, last seen in 'Jaat', is preparing for 'Operation Khukri', a military drama based on the 2000 Sierra Leone hostage crisis. Randeep Hooda is making headlines once again—this time not for a gritty role or striking transformation, but for a major real estate move. The actor has reportedly purchased a plush new home in Mumbai's upscale Versova neighbourhood for Rs 5.63 crore, according to property registration records obtained from the Inspector General of Registration (IGR) and reviewed by Square Yards, Nestled in one of Mumbai's most sought-after suburbs, Andheri West offers strategic connectivity and many residential complexes, entertainment hubs, and modern office spaces have come up. The property has a built-up area of approximately 142.19 square meters (around 1,530 square feet). The transaction involved stamp duty payments amounting to Rs. 33.78 lakh and registration fees of Rs. 30,000, as detailed in official documentation. Randeep Hooda, who was last seen alongside Sunny Deol in Jaat, is gearing up to lead the military drama Operation Khukri. The film draws inspiration from one of the Indian Army 's most courageous peacekeeping missions abroad, recounting the 2000 hostage crisis in Sierra Leone, West Africa. It tells the gripping tale of 233 soldiers captured by rebel forces and the high-stakes rescue operation that followed. Recently, Randeep sparked buzz on social media when he shared an intriguing close-up photo on Instagram. The image shows the actor sporting a half-shaved head, wearing spectacles, and a simple T-shirt, his face clean-shaven. Accompanying the post, he captioned, 'What's the tea for this Tuesday? Coffee isn't the only thing that's brewing!' While Randeep has not officially revealed whether this new look is tied to an upcoming role, fans are already eager with guesses.
News18
4 days ago
- Entertainment
- News18
Randeep Hooda Purchases Rs 5.63 Crore Luxury Apartment In Versova, Mumbai
Last Updated: Randeep Hooda buys ₹5.63 crore apartment in Mumbai's Versova, joining Bollywood stars investing in Andheri West's luxury real estate market. Randeep Hooda has just made a big move—literally. The Bollywood star has become the latest celebrity to snap up prime real estate in Mumbai's ever-buzzing Andheri West. According to official registration documents sourced by Square Yards from the Inspector General of Registration (IGR) portal, the Sarbjit actor purchased a luxury apartment in the sought-after Versova locality for a whopping ₹5.63 crore. The transaction was sealed and registered in June 2025. Housed in Bianca CHS Ltd., the plush property spans an impressive 142.19 square metres (about 1,530 sq ft) of built-up area. The deal also included a substantial stamp duty of ₹33.78 lakh, along with registration charges amounting to ₹30,000. With this acquisition, Randeep joins a growing circle of Bollywood personalities staking their claim in the upscale Versova-Andheri West stretch—stars like Jaideep Ahlawat, Kartik Aaryan, Gauahar Khan, Ronit Bose Roy, and Gurmeet Choudhary, to name a few. Andheri West, once a laid-back suburb, has now transformed into a real estate goldmine—strategically perched between commercial and entertainment hubs. Its excellent connectivity via Western Express Highway, Link Road, SV Road, and the bustling Versova-Andheri-Ghatkopar Metro line makes it a top choice for celebrities and professionals alike. Today, it boasts a vibrant blend of luxury residences, creative studios, co-working spaces, shopping arcades, and gourmet hotspots. On the professional front, Randeep was last seen locking horns with Sunny Deol in Jaat, where he portrayed the formidable antagonist Ranatunga. If reports are to be believed, the actor commanded close to ₹6 crore for his powerful performance. Up next, Hooda is set to make waves internationally. He will appear alongside Hollywood heavyweights John Cena, Jessica Biel, and Sam Richardson in Matchbox—an action-adventure comedy slated to hit theatres in 2026. From the big screen to big investments, it's safe to say Randeep Hooda is playing his cards right. First Published: June 27, 2025, 16:32 IST
Indian Express
4 days ago
- Entertainment
- Indian Express
Randeep Hooda buys a sumptuous Versova home for Rs 5.63 crore
Bollywood actor Randeep Hooda has recently secured a new residential property in the Versova locality of Andheri West, Mumbai. According to property registration records obtained from the Inspector General of Registration (IGR) and reviewed by Square Yards, the deal was finalized in June 2025 for Rs. 5.63 crore. Nestled in one of Mumbai's most sought-after suburbs, Andheri West offers strategic connectivity and many residential complexes, entertainment hubs, and modern office spaces have come up. Also Read | Randeep Hooda slams Kangana Ranaut for calling Alia Bhatt 'mediocre': 'Such comments don't suit her' The property has a built-up area of approximately 142.19 square meters (around 1,530 square feet). The transaction involved stamp duty payments amounting to Rs. 33.78 lakh and registration fees of Rs. 30,000, as detailed in official documentation. Randeep Hooda, who was last seen alongside Sunny Deol in Jaat, is gearing up to lead the military drama Operation Khukri. The film draws inspiration from one of the Indian Army's most courageous peacekeeping missions abroad, recounting the 2000 hostage crisis in Sierra Leone, West Africa. It tells the gripping tale of 233 soldiers captured by rebel forces and the high-stakes rescue operation that followed. Recently, Randeep sparked buzz on social media when he shared an intriguing close-up photo on Instagram. The image shows the actor sporting a half-shaved head, wearing spectacles, and a simple T-shirt, his face clean-shaven. Accompanying the post, he captioned, 'What's the tea for this Tuesday? Coffee isn't the only thing that's brewing!' While Randeep has not officially revealed whether this new look is tied to an upcoming role, fans are already eager with guesses.
