Mumbai Property Registrations Dip 3% YoY in August 2025, Residential Demand Steady
The Mumbai real estate market recorded 11,230 property registrations in August 2025, marking a 3% year-on-year (YoY) decline from 11,631 registrations in August 2024. Despite the dip, residential demand remains strong, particularly for smaller apartments.
Mumbai Real EstateProperty RegistrationsResidential DemandStamp DutySuburban MarketsReal EstateSep 10, 2025
Stamp duty collections from property transactions also saw a decrease. Collections in August stood at ₹1,000 crore, down 6% YoY from ₹1,062 crore in the same month last year. Compared with July 2025, revenue fell 11% MoM from ₹1,123 crore. Despite this short-term dip, analysts say the market continues to demonstrate resilience, driven primarily by residential demand.
Residential Segment Remains Key Driver
Analysis by Knight Frank India shows that residential properties accounted for 80% of all registrations in August 2025. Smaller apartments, particularly units up to 1,000 sq ft, continued to dominate demand, representing 85% of all registered properties. Within this category, units between 500–1,000 sq ft were the most sought-after, offering a balance of affordability and usable space for end-users.
Larger units, including 1,000–2,000 sq ft apartments, accounted for 13% of registrations, while homes above 2,000 sq ft remained steady at 3%. Analysts attribute this trend to sustained interest from first-time buyers and end-users seeking compact, functional living spaces in Mumbai’s high-demand residential zones.
While mid-market properties in the ₹1–5 crore range saw a marginal slowdown, the luxury segment demonstrated steady momentum. Homes priced above ₹5 crore made up 6% of total registrations in August 2025, up from 5% in the same period last year. The report notes that the slight decline in the ₹2–5 crore segment may be a temporary trend but requires close monitoring in the coming months.
Suburban Markets Lead Registrations
Geographically, the Western and Central suburbs accounted for 86% of registrations in August. The Western suburbs led with 54%, while the Central suburbs contributed 32%. South Mumbai and the inner city districts recorded 7% each, with Central Mumbai slipping from 11% in August 2024 to 7% this year. These figures indicate continued strength in suburban residential demand, driven by infrastructure development, proximity to workplaces, and lifestyle amenities.
Cumulative Growth and Revenue Trends
From January to August 2025, over 99,869 property registrations were reported across Mumbai, generating more than ₹8,854 crore in stamp duty revenue for the state. Compared with the same period last year, registration numbers grew 3% YoY, while total revenue increased 11% YoY, highlighting sustained buyer confidence and stable demand for residential properties in Mumbai.
According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, Mumbai’s housing market has shown consistency in 2025, with monthly registrations remaining above 11,000 and revenue collections exceeding ₹1,000 crore. Despite the modest 3% dip in August, the market continues to perform steadily for the year. Demand for homes up to 1,000 sq. ft has stayed resilient, while transactions in the ₹5 crore-plus segment have held steady. These trends indicate sustained end-user activity and suggest that the market’s overall momentum remains strong.
Experts suggest that the modest decline in August registrations is likely seasonal rather than structural. Demand for compact residential units remains robust, particularly in suburban areas, while high-value housing continues to attract interest from premium buyers. The trends indicate that Mumbai’s residential market is gradually consolidating, with end-user purchases forming the bulk of activity, ensuring long-term stability for developers and investors.
Frequently Asked Questions
What was the year-on-year change in property registrations in Mumbai in August 2025?
Property registrations in Mumbai in August 2025 showed a 3% year-on-year (YoY) decline from 11,631 registrations in August 2024.
How much did stamp duty collections decrease in August 2025 compared to the same month last year?
Stamp duty collections in August 2025 decreased by 6% YoY from ₹1,062 crore to ₹1,000 crore.
Which type of residential property is most in demand in Mumbai?
Smaller apartments, particularly units up to 1,000 sq ft, are the most in demand, representing 85% of all registered properties.
Which areas in Mumbai saw the highest property registrations in August 2025?
The Western and Central suburbs accounted for 86% of registrations, with the Western suburbs leading at 54% and the Central suburbs contributing 32%.
What is the trend in the luxury housing segment in Mumbai?
Homes priced above ₹5 crore made up 6% of total registrations in August 2025, up from 5% in the same period last year, indicating steady momentum in the luxury segment.
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