September 4, 2025: Mumbai’s property market continues to display resilience in 2025, nearing the milestone of one lakh registrations within just eight months. According to Knight Frank India, the city recorded 11,230 property registrations in August under the Brihanmumbai Municipal Corporation (BMC) limits. While this represented a 3% year-on-year decline and an 11% drop month-on-month, overall housing demand remains steady, driven by end-user confidence.
Stamp duty collections in August stood at ₹1,000 crore, a 6% dip from Rs 1,062 crore last year. Yet, between January and August 2025, the city has logged 99,869 registrations, generating Rs 8,854 crore in stamp duty revenues—a growth of 3% in registrations and 11% in revenues compared to 2024.
“Between January and August 2025, Mumbai recorded over 99,869 property registrations, generating Rs 8,854 crore in stamp duty revenues for the state exchequer. This represents a 3% YoY increase in registrations and an 11% rise in revenue,” said the report.
Residential transactions continue to dominate, accounting for 80% of registrations. Compact homes under 1,000 sq ft made up 85% of sales, with the 500–1,000 sq ft range being the most preferred. Demand for 1,000–2,000 sq ft homes rose to 13%, while homes above 2,000 sq ft held steady at 3%.
Premium housing demand has grown, with homes priced above Rs 5 crore contributing 6% of registrations, up from 5% a year earlier. The Rs 2–5 crore segment, however, saw a 3% dip.
The Western Suburbs captured 54% of registrations, followed by Central Suburbs (32%), South Mumbai (7%), and Central Mumbai (7%, down from 11%).
Prashant Sharma, NAREDCO Maharashtra: “Crossing 11,000 registrations month after month is a strong sign of resilient housing demand. Sustaining momentum will require policies to support affordability in the mid-income segment.”
Kaushal Agarwal, The Guardians: “Luxury housing is gaining ground, but compact homes remain the backbone. Infrastructure projects like the metro and coastal road will keep demand healthy across price points.”
“Reaching close to one lakh registrations within just eight months reflects the strength of Mumbai’s real estate sector. While affordability remains a key driver for compact homes, the uptick in larger apartments and premium housing signals diversification in demand. We believe that continued infrastructure upgrades and supportive government policies will only further enhance the city’s appeal for both homebuyers and investors, especially in key markets like the Western suburbs,” said Dhruman Shah, Promoter, Ariha Group.
Source: Business Standard
