Mumbai Property Registrations Expected to Reach 11,200 in October, Generating Rs 1,004 Crore in Stamp Duty
Mumbai is on track to record approximately 11,200 property registrations in October 2025, contributing Rs 1,004 crore to the state exchequer. Despite a year-on-year decline, the market shows resilience and steady demand.
MumbaiProperty RegistrationsStamp DutyReal EstateKnight FrankReal Estate MumbaiOct 31, 2025
On a year-to-date (YTD) basis till October, property registrations observed a 4 per cent year-on-year (YoY) growth, while revenue grew by 11 per cent YoY during the same period. This growth can be attributed to sustained buyer confidence and the robustness of the housing market in Mumbai.
While October saw a 14 per cent decline in registrations year-on-year and a 17 per cent drop in revenue, the numbers remain respectable, holding above the 11,000 mark. Residential deals continued to dominate, accounting for about 80 per cent of total registrations during the month.
“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,” said Shishir Baijal, Chairman & Managing Director, Knight Frank India.
Baijal further added, “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.”
Homes priced below Rs 1 crore dominated the sales and increased their share to 48 per cent from 45 per cent a year earlier. The Rs 1–2 crore category held steady at 31 per cent, while the Rs 2–5 crore segment eased slightly to 16 per cent. Transactions worth over Rs 5 crore stayed flat at 6 per cent, pointing to consistent but limited luxury activity, the report noted.
Frequently Asked Questions
What is the projected number of property registrations in Mumbai for October 2025?
Mumbai is projected to record approximately 11,200 property registrations in October 2025.
How much stamp duty is expected to be collected in October 2025?
The expected stamp duty collections for October 2025 are estimated at Rs 1,004 crore.
What is the year-to-date (YTD) growth in property registrations and revenue in Mumbai?
On a YTD basis till October, property registrations observed a 4 per cent year-on-year (YoY) growth, while revenue grew by 11 per cent YoY.
Why is there a year-on-year decline in property registrations and revenue for October?
The decline is attributed to a high base from the previous year and the shift in the festive calendar.
Which price segment is the most dominant in Mumbai's property market?
Homes priced below Rs 1 crore dominate the sales and increased their share to 48 per cent from 45 per cent a year earlier.
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