Mumbai's October Property Registrations to Reach 11,200: A Stable Housing Market

Mumbai is projected to record approximately 11,200 property registrations in October, with stamp duty collections estimated at Rs 1,004 crore, a report by real estate services firm Knight Frank said on Friday.

On a year-to-date (YTD) basis till October, property registrations observed a 4% year-on-year (YoY) growth, while revenue grew by 11% YoY during the same period due to sustained buyer confidence, the report stated.

However, there will be a 14% decline in registrations YoY and a 17% drop in revenue for October due to a high base and the shift in the festive calendar. Despite these decreases, the numbers remain in a respectable range, holding above the 11,000 mark, according to the real estate services firm.

Residential deals continued to dominate, accounting for about 80% of total registrations during the month. Mumbai recorded over 1,23,141 property registrations till October, contributing more than Rs 11,151 crore to the state exchequer during this period.

“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,” said Shishir Baijal, chairman and MD, Knight Frank India.

Homes priced below Rs 1 crore dominated the sales and increased their share to 48% from 45% a year earlier. The Rs 1-2 crore category held steady at 31%, while the Rs 2-5 crore segment eased slightly to 16%.

These trends indicate a stable and resilient housing market in Mumbai, with a strong focus on affordable housing and a steady demand across various price segments. The city's housing market is expected to continue its robust performance in the coming months, driven by sustained buyer confidence and economic stability.