Mumbai Property Registrations Surpass 11,000 for 11th Consecutive Month
Mumbai's property market continues to show resilience, with over 11,463 registrations in October, contributing Rs 1,017 crore to state revenue.
Mumbai PropertyProperty RegistrationsReal Estate MarketAffordable HousingMidrange HousingReal Estate MumbaiOct 31, 2025
The city recorded over 11,463 property registrations in October, contributing Rs 1,017 crore to the state exchequer, according to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
“Mumbai’s housing market continues to display depth and stability through 2025. While October saw moderation from last year’s festive-driven high base, the city still recorded over 11,000 registrations, underscoring resilient underlying demand,” said Shishir Baijal, CMD, Knight Frank India. “The moderation in year-on-year growth is largely a function of festive timing rather than any real market correction, highlighting the consistency and maturity of demand across segments.”
The continuity in momentum was evident as October marked the eleventh consecutive month of registrations staying above the 11,000-mark, indicating sustained confidence.
“Topping the 11,000-mark for eleven straight months signals not just resilience but a maturing demand cycle where purchases are increasingly driven by housing needs rather than short-term incentives,” said Parag Munot, MD, Kalpataru Ltd. “This sustained momentum reflects stronger buyer confidence, backed by stable interest rates, steady income growth, and a continued preference for home ownership as a long-term asset, underscoring the structural depth of the market.”
Between January and October, Mumbai registered 1,23,404 property transactions, a 4% increase over the same period last year, while stamp duty revenue rose 11% to Rs 11,164 crore, the highest-ever collection for the first ten months of a calendar year.
Activity moderated on a high base from last year when festive demand from both Navratri and Diwali coincided in October. This year, with Navratri falling earlier, festive buying shifted to September, leaving only Diwali to drive October sentiment. October registrations and revenue were down 11% and 15%.
Residential transactions continued to dominate the performance, accounting for nearly 80% of total registrations.
Mid-range housing remained the mainstay of Mumbai’s real estate market. Homes priced under Rs 1 crore accounted for 48% of sales in October, up from 45% a year earlier, while the Rs 1-2 crore category held steady at 31%. Deals in the Rs 2-5 crore range eased slightly to 16%, and luxury transactions above Rs 5 crore stayed at 6%.
Compact apartments continued to lead overall demand, as units up to 1,000 sq ft made up 85% of total registrations. The 500-1,000-sq-ft category saw the highest activity, balancing affordability and comfort for homebuyers.
Frequently Asked Questions
What is the significance of the 11,000-mark in property registrations?
The 11,000-mark in property registrations indicates sustained confidence and resilience in Mumbai's housing market, reflecting consistent demand and buyer confidence.
How has the festive season impacted property registrations in October?
Festive activity, particularly Navratri, shifted to September this year, leading to a moderation in October registrations and revenue compared to the high base from last year.
What segments of the market are driving the most demand?
Mid-range and affordable housing, particularly homes priced under Rs 1 crore, are driving the most demand, accounting for a significant portion of sales in October.
How has the total number of property transactions changed from last year?
Between January and October, Mumbai registered 1,23,404 property transactions, marking a 4% increase over the same period last year.
What is the role of compact apartments in the market?
Compact apartments, especially those up to 1,000 sq ft, are leading overall demand due to their balance of affordability and comfort for homebuyers.
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