NEW DELHI: Mumbai city (BMC jurisdiction) is projected to see approximately 11,200 property registrations in October 2025, with stamp duty collections reaching ₹1,004 crore. This represents a 14% decline in registrations year-on-year and a 17% drop in revenue collections.
Comparing month-over-month data, registrations decreased by 7%, and stamp duty collections saw a 22% decline. Residential transactions accounted for about 80% of all registrations during the month.
Prashant Sharma, president of NAREDCO Maharashtra, commented, “The slight decline in registrations this October should be viewed as a temporary adjustment, not a cause for concern. We anticipate that with supportive government initiatives and continued developer activity, we will see a rebound in momentum in the coming months.”
Mumbai recorded over 123,141 property registrations by October 2025, contributing more than ₹11,151 crore to the state’s revenue during this period. Property registrations exhibited a 4% year-on-year growth, while revenue increased by 11% year-on-year in the same timeframe.
Shishir Baijal, chairman & managing director of Knight Frank India, stated, “With over 123,000 registrations in the first ten months and contributing over ₹11,000 crore in revenue to the state, Mumbai’s housing market reflects strong structural integrity bolstered by steady end-user demand.”
In terms of pricing, homes under ₹1 crore dominated the market, with their share increasing from 45% in October 2024 to 48% this year. The ₹1–2 crore segment remained stable at 31%, while the ₹2–5 crore category slightly decreased to 16%. Transactions above ₹5 crore held steady at 6%.
Units measuring up to 1,000 sq ft represented 85% of total registrations in October 2025, a slight increase from 82% in the previous year. Homes sized between 1,000–2,000 sq ft accounted for 13% of registrations, and apartments exceeding 2,000 sq ft retained a niche 3% share.
Shraddha Kedia-Agarwal, director at Transcon Developers, remarked, “The temporary fall in registrations should not overshadow the robust underlying demand that Mumbai continues to experience. Buyers are becoming more selective, contributing to a more sustainable and quality-driven market.”
The western and central suburbs collectively comprised 84% of all registrations in October 2025, a slight reduction from 86% the previous year. Conversely, South Mumbai’s share increased to 10%, while central Mumbai saw a decrease to 6%.
