NEW DELHI: In July 2025, Mumbai (under the BMC jurisdiction) registered 12,366 properties, generating ₹1,101 crore in revenue through stamp duty. This represents a year-on-year growth of 3%, spurred by an increase in high-value transactions.
Compared to the previous month, property registrations rose by 7%, while stamp duty collections increased by 6%.
In the first seven months of 2025, Mumbai saw over 88,426 property registrations, a 4% year-on-year uptick. The associated revenue grew by 13% to ₹7,832 crore.
Shishir Baijal, chairman and managing director at Knight Frank India, remarked, “Mumbai’s residential sector is showcasing robust buyer confidence, with monthly registrations consistently exceeding 12,000 in residential units. Although there has been a slight decline in demand for mid-priced properties, the market for larger homes and those priced over ₹5 crore remains vibrant, bolstering revenue streams.”
The segment of properties priced above ₹5 crore increased its share of overall registrations, rising from 5% in July 2024 to 6% in July 2025. In contrast, the mid-market segment, specifically properties priced between ₹1 crore and ₹5 crore, experienced a reduction in its contribution.
| Period | Registration (Units) | YoY | MoM | Revenue (INR cr) | YoY | MoM |
|---|---|---|---|---|---|---|
| Apr-24 | 11,648 | 11% | -18% | 1,058 | 18% | -6% |
| May-24 | 12,000 | 22% | 3% | 1,034 | 24% | -2% |
| Jun-24 | 11,673 | 13% | -3% | 1,014 | 18% | -2% |
| Jul-24 | 12,373 | 21% | 6% | 1,064 | 28% | 5% |
| Aug-24 | 11,631 | 7% | -6% | 1,062 | 31% | 0% |
| Sep-24 | 9,111 | -15% | -22% | 877 | -22% | -17% |
| Oct-24 | 12,960 | 22% | 42% | 1,205 | 44% | 37% |
| Nov-24 | 10,216 | 5% | -21% | 925 | 30% | -23% |
| Dec-24 | 12,418 | 1% | 22% | 1,134 | 21% | 23% |
| Jan-25 | 12,249 | 12% | -1% | 994 | 31% | -12% |
| Feb-25 | 12,066 | 0.1% | -1% | 935 | 6% | -6% |
| Mar-25 | 15,501 | 10% | 28% | 1,589 | 42% | 70% |
| Apr-25 | 13,080 | 12% | -16% | 1,115 | 5% | -30% |
| May-25 | 11,565 | -4% | -12% | 1,062 | 3% | -5% |
| June-25 | 11,599 | -1% | 0% | 1,035 | 2% | -3% |
| July-25* | 12,366 | -0.1% | 7% | 1,101 | 3% | 6% |
Compact homes lead the market
Apartments under 1,000 sq ft represented 82% of residential registrations in Mumbai during July 2025, consistent with 83% in July 2024. The 500–1,000 sq ft segment remains particularly sought after.
Larger units also held their ground, with properties sized 1,000–2,000 sq ft increasing to 14% and those exceeding 2,000 sq ft steady at 3%.
Amit Jain, chairman & managing director at Arkade Developers, stated, “The recent rate cuts by the RBI have enhanced affordability, positively impacting homebuyer sentiment, especially in the mid and premium segments. As we move into the festive season, we anticipate continued momentum driven by flexible payment plans and buyer-focused offerings from developers.”
Market share in western and central suburbs
The western and central suburbs remain the backbone of Mumbai’s housing market, together accounting for 88% of total registrations in July 2025, up from 86% a year prior. The western suburbs contributed 57%, while the central suburbs made up 31%. In contrast, activity in South Mumbai’s traditional prime sectors has softened, reducing its share to 6%.
