New Delhi, Jan. 3 -- Mumbai's real estate market achieved a significant milestone in 2025 as housing registrations reached an all-time high, despite growing concerns regarding affordability and a transition into a mid-cycle stage for the sector.

According to a report from Nuvama Institutional Equities, the city recorded 150,294 registered units over the calendar year, representing a 6 per cent increase from the previous year. The total value of these registrations climbed 11 per cent year-on-year to approximately INR 2.25 trillion. This performance was bolstered by a strong year-end surge in December 2025, which saw 14,424 units registered, a 16 per cent rise compared to the same month in 2024.

The December figures marked the second-hig...