Mumbai Property Registrations to Reach 11,200 in October, Stamp Duty at Rs 1,004 Crore
Mumbai is expected to record around 11,200 property registrations in October 2025, with stamp duty collections estimated at Rs 1,004 crore, according to a report by real estate services firm Knight Frank. Despite a 14% year-on-year decline, the city's housing market remains stable with strong underlying demand.
Mumbai PropertyReal EstateStamp DutyProperty RegistrationsMarket AnalysisReal EstateOct 31, 2025
On a year-to-date (YTD) basis till October, property registrations observed a 4 per cent year-on-year (YoY) growth, while revenue grew by 11 per cent YoY. This growth is attributed to sustained buyer confidence and a robust housing market. However, there will be a 14 per cent decline in registrations and a 17 per cent drop in revenue for October compared to the same period last year. The decline is primarily due to a high base and the shift in the festive calendar, which typically boosts property sales during this period.
Despite the lower numbers compared to last year, the figures remain respectable, holding above the 11,000 mark. Residential deals continued to dominate, accounting for about 80 per cent of total registrations during the month. This trend underscores the strong demand for residential properties in Mumbai.
Mumbai's housing market continues to display depth and stability through 2025. According to Shishir Baijal, Chairman & Managing Director of Knight Frank India, “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 market reflects structural strength supported by steady end-user demand. The moderation in year-on-year growth is largely a function of the festive timing rather than any real market correction, highlighting the consistency and maturity of demand across segments, Baijal added.
Homes priced below Rs 1 crore dominated the sales and increased their share to 48 per cent from 45 per cent a year earlier. The Rs 1–2 crore category held steady at 31 per cent, while the Rs 2–5 crore segment eased slightly to 16 per cent. Transactions worth over Rs 5 crore stayed flat at 6 per cent, pointing to consistent but limited luxury activity, the report noted.
Overall, the data from Knight Frank indicates that while there are fluctuations in the monthly numbers, the long-term trend for Mumbai's property market remains positive, driven by robust demand and a stable economic environment.
Frequently Asked Questions
What is the projected number of property registrations in Mumbai for October 2025?
Mumbai is projected to record approximately 11,200 property registrations in October 2025.
What is the estimated stamp duty collection for October 2025?
The estimated stamp duty collection for October 2025 is Rs 1,004 crore.
What is the year-on-year growth in property registrations on a year-to-date basis till October 2025?
On a year-to-date (YTD) basis till October 2025, property registrations observed a 4 per cent year-on-year (YoY) growth.
Why is there a 14 per cent decline in property registrations for October 2025 compared to the same period last year?
The 14 per cent decline in property registrations for October 2025 is primarily due to a high base and the shift in the festive calendar, which typically boosts property sales during this period.
What is the share of homes priced below Rs 1 crore in the total property sales in Mumbai?
Homes priced below Rs 1 crore dominated the sales and increased their share to 48 per cent from 45 per cent a year earlier.
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