December 4, 2025: Mumbai’s real estate market continues to surge, with property registrations and stamp duty collections hitting record highs in November. A total of 12,219 properties were registered in the city last month, marking a 20% increase compared to November 2024. According to the Maharashtra Inspector General of Registration and Stamps (IGR), the government earned Rs 1,038 crore in stamp duty, a 12% rise from last year. Compared to October 2025, registrations increased by 5%, while stamp duty collections remained largely stable, Knight Frank India reported.
The residential market is showing strong growth across segments, with demand for luxury homes rising significantly. The share of homes priced above Rs 5 crore increased to 7% from 5% last year, highlighting growing interest among high-net-worth buyers. Meanwhile, affordable housing remains a challenge as the share of properties below Rs 1 crore has declined. Houses priced between Rs 1 crore and Rs 2 crore now account for 33% of sales, up from 31% in 2024, while properties between Rs 2 crore and Rs 5 crore have maintained their share.
In the first 11 months of 2025, over 135,807 properties were registered, generating revenue of more than Rs 12,224 crore for the government. Property registrations grew 5% year-on-year, while revenue rose 11%, reflecting continued buyer confidence.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, said, “November was the best month since 2013. Stamp duty revenue increased by 12% as demand rose across all segments, and buyers opted for more expensive homes. The market has settled at a new high, with no signs of slowdown.”
Smaller homes up to 1,000 sq ft remain the most popular, comprising 84% of sales, especially flats between 500 and 1,000 sq ft. Medium-sized homes of 1,000–2,000 sq ft now account for 13%, while luxury apartments over 2,000 sq ft make up 4%, indicating that affluent buyers continue to invest in larger properties.
Source: The Economic Times Marathi
