November 03, 2025: Mumbai’s property market maintained strong momentum in October 2025, recording around 11,200 property registrations and generating Rs 10.04 billion in stamp duty collections, according to Knight Frank India. While registrations dipped 14% and revenue declined 17% year-on-year, the numbers remained robust, staying above the 11,000 mark.
The moderation was attributed largely to the festive calendar shift, as most home-buying activity was concentrated in September during Navratri (22 September–1 October) and Diwali (20 October). Despite the dip, residential transactions continued to dominate, accounting for about 80% of total registrations.
From January to October 2025, Mumbai clocked 123,141 registrations, contributing over Rs 111.51 billion to the state exchequer — marking a 4 per cent increase in registrations and an 11% growth in revenue compared to the same period last year.
Homes priced below Rs 10 million led the market with a 48% share, followed by the Rs 10–20 million segment, which contributed 31%. Compact homes under 1,000 sq ft continued to dominate, representing 85% of all sales, primarily within the 500–1,000 sq ft category.
The city’s suburban markets remained the primary growth engine, with the Western and Central Suburbs accounting for 84 per cent of total registrations, underscoring the sustained demand in these residential corridors.
Commenting on the trend, Knight Frank India Chairman and Managing Director Shishir Baijal said Mumbai’s housing market continues to display “depth, consistency, and long-term strength,” reflecting the city’s stable demand fundamentals and enduring buyer confidence despite short-term seasonal variations.
Source: Construction World
