Mumbai Records Highest Property Sales in 14 Years, Surpassing 150,000 Units in 2025

Mumbai, the heart of India's financial and entertainment industries, has achieved an impressive milestone in its real estate sector. In 2025, the city recorded the highest number of property sales in 14 years, with a total of 150,254 units registered. This surge in sales is a testament to the city's enduring appeal and the resilience of its housing market.

According to a report by Knight Frank, the housing registrations in Mumbai crossed the 1.5 lakh units mark for the first time in 14 years. This significant increase has also led to a substantial rise in stamp duty revenue, which reached Rs 13,487 crore, another 14-year high. The report highlights that the strong transaction volumes and improving property values are driving this growth.

The year 2025 saw a 6% increase in property registrations compared to the previous year, while stamp duty revenue rose by 11%. These figures include both new sales and re-sales across residential and commercial properties. The market momentum remained strong throughout the year, with December alone witnessing the registration of 14,447 units, contributing Rs 1,263 crore in stamp duty revenue.

Interestingly, the higher price brackets saw a notable increase in registrations. Properties priced above Rs 5 crore accounted for 7% of registrations, up from 6% in 2024. Meanwhile, properties priced between Rs 2 crore and Rs 5 crore remained stable at 19%, and those in the Rs 1-2 crore segment rose from 30% to 32%. The segment priced below Rs 1 crore, however, saw its share decline from 44% to 42%, indicating some affordability challenges for buyers in this range.

In terms of property sizes, units up to 1,000 sqft dominated the market, accounting for 82% of registrations. Homes sized between 500 and 1,000 sqft were the most preferred, making up 46% of the total. Units between 1,000 and 2,000 sqft increased to 15%, while apartments above 2,000 sqft held steady at 3%.

The Western and Central suburbs were the primary drivers of this growth, accounting for 86% of December registrations, up from 84% in the previous year. The Western suburbs led with a 57% share, followed by the Central suburbs at 29%. South Mumbai, on the other hand, saw a slight decline in its share from 8% to 7%.

Shishir Baijal, Chairperson and Managing Director of Knight Frank India, attributed the sustained end-user demand and a more supportive supply-side ecosystem as key drivers of this growth. He also noted that the higher stamp duty collections indicate a gradual improvement in per-unit transaction values. Baijal further stated that 2025 marked a steady and mature phase for the city’s housing market, reflecting its resilience and depth.

The strong performance of Mumbai's real estate market in 2025 is a positive indicator for the future, suggesting that the city continues to be a preferred destination for both buyers and investors. The combination of robust demand, supportive policies, and a dynamic economic environment is likely to sustain this momentum in the coming years.