December 1, 2025: Mumbai’s real estate market recorded its highest-ever November performance, with property registrations touching 12,219—up 20% from the same month last year. This surge came amid steady end-user demand and the impact of ongoing infrastructure and connectivity upgrades across the city. Stamp duty collections reached Rs 1,038 crore, marking a 12% annual rise, according to data from the Inspector General of Registration and Controller of Stamps, Maharashtra.
Market activity remained firm despite rising prices, supported by resilient buyer sentiment and a growing tilt toward larger and premium homes. “Mumbai’s residential market has extended its steady momentum into November, supported by firm demand across segments and a clear shift toward higher-value homes,” said Shishir Baijal, CMD, Knight Frank India. He added that with registrations exceeding 135,000 in the first 11 months, the market is operating at a higher baseline, reflecting stability in both volumes and revenue.
From January to November, the city recorded 135,807 registrations, contributing Rs 12,224 crore to state revenue. Registrations rose 5% year-on-year, while revenue increased 11%, indicating sustained confidence. “Large-scale infrastructure upgrades are reshaping connectivity across Mumbai and unlocking new growth potential, which is clearly translating into strong on-ground sales momentum,” said Chintan Sheth, CMD, Sheth Realty.
Residential units made up 80% of registrations in November, with notable traction in the premium segment. Homes priced above Rs 5 crore grew to 7%, while the Rs 1-2 crore bracket increased to 33%. Properties below Rs 1 crore moderated to 42%, suggesting affordability pressures. Units up to 1,000 sq ft dominated with an 84% share, though demand for 1,000–2,000 sq ft homes rose to 13%.
The western and central suburbs accounted for 85% of activity, with the western belt leading at 56%, followed by central suburbs at 29%, while South Mumbai and central Mumbai registered 9% and 6% respectively.
Source: The Economic Times
