Mumbai Property Market Surges in November, Registers Best Month Since 2013
Mumbai's real estate market has seen a significant surge in November 2025, marking its best performance since 2013. According to a report by Knight Frank India, the city, covering areas under the BMC (Brihanmumbai Municipal Corporation), registered 12,219 properties in November, a 20% increase compared to the same month last year.
Stamp duty collections also saw a 12% year-on-year increase, reaching Rs 1,038 crore. This reflects the sustained buying momentum in the market. On a month-on-month basis, property registrations increased by 5%, while stamp duty collections remained stable.
From January to November 2025, Mumbai recorded 1,35,807 property registrations, contributing more than Rs 12,224 crore to the state government. During this period, registrations grew 5% year-on-year, and revenue increased by 11%, demonstrating solid real estate activity throughout the year.
Knight Frank India Chairman and Managing Director Shishir Baijal noted that the residential market in Mumbai has maintained its strong momentum. He highlighted that the 20% annual rise in registrations and 12% growth in revenue reflect steady demand across all segments, with a clear shift towards higher-value homes.
With over 1.35 lakh registrations in eleven months, Baijal emphasized that the market now operates at a structurally higher level with consistent monthly activity. The stability in both sales volumes and revenue indicates a mature demand cycle and continued buyer confidence.
Demand for higher-priced homes continued to rise in November. Properties priced above Rs 5 crore made up 7% of total registrations, compared to 5% a year ago. Meanwhile, the share of homes priced below Rs 1 crore declined due to affordability pressures. The mid-range segment of Rs 2-5 crore held steady, while homes priced between Rs 1 crore and Rs 2 crore saw their share increase from 31% in 2024 to 33% in 2025.
These trends suggest that the Mumbai real estate market is not only robust but is also evolving to cater to a broader range of buyer preferences and financial capabilities. The consistent growth in higher-value homes indicates a growing confidence among affluent buyers, while the mid-range segment remains a strong driver of the market.
Overall, the strong performance of the Mumbai property market in November 2025 underscores the resilience and potential of the city's real estate sector. As the year progresses, stakeholders in the market are optimistic about maintaining this positive trajectory.
