Mumbai Property Registrations See 10% Decline in October
Mumbai property registrations dropped by 10% in October to 11,649 units, primarily due to a high base effect. Residential deals continue to dominate the market.
Mumbai PropertyProperty RegistrationsReal EstateResidential DealsKnight Frank IndiaReal Estate MumbaiNov 01, 2025
Citing data from the Maharashtra government, Knight Frank India reported that Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 11,649 property registrations in October 2025. The stamp duty collections for the month touched Rs 1,040 crore. While registrations declined by 10% year-on-year, revenue collections fell by 14%, largely due to the high base effect.
Shishir Baijal, Chairman and Managing Director of Knight Frank India, noted that Mumbai's housing market continues to display depth and stability throughout 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,' he added. The shift in the festive calendar advanced much of the celebratory buying to September, but activity in October remained strong.
The decline in property registrations is a reflection of the cyclical nature of the real estate market, particularly around festive seasons. Despite this, the consistent demand for residential properties indicates a stable and growing market in Mumbai, which is one of the most dynamic and economically vibrant cities in India. The resilience of the market is a positive sign for both buyers and investors, suggesting that the housing sector remains a viable and attractive option for long-term investments.
Knight Frank India, a leading real estate consultant, provides comprehensive insights into the real estate market, helping stakeholders make informed decisions. The company's detailed analysis and data-driven reports are valuable resources for understanding market trends and dynamics in Mumbai and other major cities in India.
In conclusion, while the 10% decline in property registrations in October is a notable figure, it does not signify a long-term downturn in the market. The underlying demand for residential properties remains strong, and the market is expected to continue its growth trajectory in the coming months and years.
Frequently Asked Questions
What is the reason for the 10% decline in property registrations in Mumbai in October?
The 10% decline in property registrations in Mumbai in October is primarily due to a high base effect, as the same period last year saw a higher number of registrations.
How many units were registered in October 2025 in Mumbai?
In October 2025, 11,649 units were registered in Mumbai, according to data from the Maharashtra government.
What percentage of total registrations were residential deals in October 2025?
Residential deals accounted for about 80% of the total property registrations in October 2025.
Who is Shishir Baijal and what did he say about Mumbai's housing market?
Shishir Baijal is the Chairman and Managing Director of Knight Frank India. He stated that Mumbai's housing market continues to display depth and stability, with resilient underlying demand despite the moderation in October.
How did the festive calendar impact property registrations in October?
The shift in the festive calendar advanced much of the celebratory buying to September, but activity in October remained strong, according to Shishir Baijal.
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