Mumbai’s property market maintained steady momentum in October 2025, with around 11,200 registrations and stamp duty collections exceeding ₹1,000 crore, according to Knight Frank India. Despite a 14% year-on-year dip due to last year’s festive high base, the city’s housing demand remained resilient, supported by end-user confidence and strong activity in mid-range and compact housing segments. Cumulatively, Mumbai recorded over 1.23 lakh registrations till October, adding more than ₹11,000 crore to the state exchequer.

On a month-on-month basis, registrations were down 7% and stamp duty collections dipped 22%. Residential deals continued to dominate, accounting for about 80% of total registrations during the month.

Mumbai recorded over 123,141 property registrations till October 2025, contributing more than INR 11,151 Crores (Cr) to the state exchequer during this period. Property registrations observed a 4% year-on-year (YoY) growth while revenue grew by 11% YoY during the same period. Sustained buyer confidence has fueled consistent sales, driven by city’s property registration growth.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated “Mumbai’s housing market continues to display depth and stability through 2025. While October saw a moderation from last year’s festive-driven high base, the city still recorded over 11,000 registrations, underscoring resilient underlying demand. The shift in the festive calendar advanced much of the celebratory buying to September, yet activity in October remained strong. With more than 123,000 registrations in the first ten months, contributing over INR 11,000 crore in revenue to the state exchequer, Mumbai’s housing market reflects structural strength supported by steady end-user demand. The moderation in year-on-year growth is largely a function of the festive timing rather than any real market correction highlighting the consistency and maturity of demand across segments.”

Registration momentum in Mumbai tilted toward mid-range housing, with steady traction in higher-value segments

Homes priced below INR 1 crore dominated with its share rising from 45% in October 2024 to 48% this year. The 1–2 crore category held firm at 31%, indicating a stable core of mid-income demand, while the 2–5 crore segment eased slightly to 16%. Transactions worth over INR 5 crore stayed unchanged at 6%, pointing to consistent but limited luxury activity.

Compact apartments continued to dominate sales activity

Units up to 1,000 sq ft made up 85% of total registrations in October 2025, marginally higher than last year’s 82%. Within this, the 500–1,000 sq ft category remained the clear preference for most buyers, balancing affordability with adequate living space. Homes sized 1,000–2,000 sq ft accounted for 13% of registrations, while apartments over 2,000 sq ft maintained a niche 3% share.

Suburban markets continued to anchor overall activity

Western and Central Suburbs together accounted for 84% of all registrations in October 2025, slightly lower than 86% last year but still reflecting their dominant role in the city’s housing market. The Western Suburbs led with a 55% share, supported by strong traction in mid-range inventory. Central Suburbs followed at 29%, while South Mumbai’s share rose to 10%, marking a modest growth. Largely driven by a spate of new launches in the premium and luxury segments. Improved connectivity through ongoing infrastructure upgrades such as the coastal road and metro network has further strengthened demand in the city’s southern corridors. Central Mumbai, in contrast, eased to 6%.