Mumbai Property Registrations See 10% Drop in October
Mumbai's property registrations declined by 10% in October 2025, totaling 11,649 units, according to data from the Maharashtra government and real estate consultant Knight Frank India. Despite the drop, residential deals continued to dominate the market.
Mumbai PropertyReal EstateProperty RegistrationsKnight Frank IndiaMaharashtra GovernmentReal Estate MaharashtraNov 01, 2025
Citing data from the Maharashtra government, Knight Frank India noted that the city (under BMC jurisdiction) recorded 11,649 property registrations in October, with stamp duty collections reaching Rs 1,040 crore. This represents a 10% year-on-year decline in registrations and a 14% drop in revenue collections, primarily due to the high base effect.
Residential deals continued to dominate the market, accounting for approximately 80% of the total registrations during the last month. Shishir Baijal, Chairman & Managing Director of Knight Frank India, commented on the market's resilience, stating, “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.”
The shift in the festive calendar, which advanced much of the celebratory buying to September, also played a role in the October figures. Despite this, activity in October remained strong, according to Baijal.
Knight Frank India, a leading real estate consultant, provides comprehensive market insights and analysis, helping stakeholders make informed decisions. The company's expertise and data-driven approach are crucial in understanding the dynamics of the Mumbai real estate market, which is known for its robust and resilient nature.
This decline in property registrations, while notable, does not signal a long-term trend. The underlying demand for residential properties in Mumbai remains strong, supported by the city's economic growth and population density. As the market continues to evolve, stakeholders are closely monitoring factors such as interest rates, economic policies, and consumer sentiment to gauge future trends.
Frequently Asked Questions
What is the reason for the 10% drop in property registrations in Mumbai in October 2025?
The 10% drop in property registrations in Mumbai in October 2025 is attributed to a high base effect from the previous year, where 12,960 units were registered. The shift in the festive calendar, which advanced much of the celebratory buying to September, also contributed to this decline.
How many property registrations were recorded in Mumbai in October 2025?
Mumbai recorded 11,649 property registrations in October 2025, according to data from the Maharashtra government and Knight Frank India.
What percentage of the total registrations were residential deals in October 2025?
Residential deals accounted for approximately 80% of the total registrations in Mumbai in October 2025.
Who is Shishir Baijal, and what did he say about the Mumbai property market?
Shishir Baijal is the Chairman & Managing Director of Knight Frank India. He commented that Mumbai's housing market continues to display depth and stability, and while there was a moderation in October due to a high base effect, the city still recorded over 11,000 registrations, indicating resilient underlying demand.
What role does the festive calendar play in property registrations in Mumbai?
The festive calendar can significantly impact property registrations in Mumbai. In 2025, the shift in the calendar advanced much of the celebratory buying to September, which affected the October figures but did not dampen overall market activity.
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