Mumbai Property Registrations Hit 14-Year High in 2025
Mumbai and its suburbs recorded an impressive 150,254 property registrations in 2025, the highest in 14 years. This surge generated a revenue of Rs 13,487 crore, also a 14-year high, according to Knight Frank. The robust performance of the property market reflects a strong underlying demand and a supportive supply-side ecosystem.
In December 2025 alone, 14,447 properties were registered, contributing Rs 1,263 crore to the state exchequer. This represents a 16% year-on-year (YoY) increase in registrations and an 11% YoY rise in stamp duty collections. On a sequential basis, December registrations surged 18% month-on-month (MoM), while stamp duty revenues climbed sharply by 22% MoM. December emerged as the second-strongest month of the year, just behind March, when monthly registrations crossed the 15,000-mark.
Residential properties accounted for 80% of total registrations in December. The luxury segment, defined as homes priced above Rs 5 crore, saw its share increase from 6% in 2024 to 7% in 2025, indicating growing demand in this bracket. Meanwhile, the share of properties priced below Rs 1 crore declined due to affordability challenges. The Rs 2–5 crore range remained stable, while the share of properties worth Rs 1 to 2 crore increased from 30% in 2024 to 32% in 2025.
Properties up to 1,000 sq ft continue to lead in registrations, accounting for 82% of all registrations in December 2025. The 500–1,000 sq ft segment was the most preferred, striking a balance between affordability and usable space for end-users. Larger homes retained a niche buyer base, with 1,000–2,000 sq ft units edging up to 15% and the share of apartments above 2,000 sq ft standing at 3%.
Shishir Baijal, International Partner, Chairman & Managing Director of Knight Frank India, noted that this milestone is a strong indicator of the underlying resilience and depth of the market. He emphasized that rising stamp duty collections reflect a gradual improvement in per unit transaction values. This strength is reinforced by a significant improvement in affordability, with Mumbai now at 47%, a sharp correction from levels where EMIs once consumed as much as 97% of household income. This shift clearly demonstrates that, at the right price points and with the right product offerings, homebuyers in Mumbai are both willing and able to commit capital.
Overall, the 2025 property market in Mumbai showcases a balanced growth across various segments, driven by sustained end-user demand and a supportive supply-side ecosystem. The future looks promising as the market continues to adapt and evolve to meet the changing needs of homebuyers.
