November 05, 2025: Mumbai’s property market continued to display resilience in October, recording approximately 11,200 property registrations — a 14% decline compared to last year, which had seen unusually high festive activity. According to Knight Frank India, stamp duty collections stood at Rs 1,004 crore, marking a 17% drop year-on-year. The shift in festive buying to September this year contributed to the moderation.
Despite the dip, registrations staying above the 11,000 mark underscored sustained buyer confidence. Residential sales remained the backbone of activity, making up 80% of total registrations. Homes priced below Rs 1 crore accounted for 48% of deals, while the Rs 1–2 crore segment held steady at 31%, indicating strong mid-income housing demand.
Since January 2025, the city has recorded over 1.23 lakh property registrations — a 4% rise year-on-year — generating Rs 11,151 crore in stamp duty revenue, up 11% from last year. The Western Suburbs dominated transactions with a 55% market share, followed by Central Suburbs at 29% and South Mumbai at 10%, reflecting a sustained preference for well-connected neighbourhoods.
Prashant Sharma, President of NAREDCO Maharashtra, said the dip was “a brief pause and not a cause for concern,” citing strong fundamentals driven by infrastructure growth and end-user demand. Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory, noted that “buyers are becoming more discerning, focusing on reputed developers and superior projects,” signalling market maturity.
Shraddha Kedia-Agarwal, Director at Transcon Developers, said that “the short-term decline does not overshadow Mumbai’s steady underlying demand,” while Dhruman Shah of Ariha Group emphasised that “ongoing enquiries and strong site visits show genuine end-user interest.”
Superb Realty’s Managing Director, Shilpin Tater, added that minor fluctuations were part of the market’s “natural rhythm,” highlighting Mumbai’s enduring strength supported by infrastructure upgrades and buyer confidence.
Source: Prop News Time
