Mumbai Property Registrations See 10% Drop in October
Mumbai's property market saw a significant decline in registrations in October 2025, with a 10% drop to 11,649 units, as reported by real estate consultant Knight Frank India. The decline is attributed to a high base effect from the previous year, where 12,960 units were registered during the same period.
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.
