Mumbai's Property Market Surges, Generating Over ₹1,100 Crore in Stamp Duty Revenue
Mumbai's property market continues to thrive, with July witnessing 12,479 conveyance deeds and generating over ₹1,100 crore in stamp duty revenue. Smaller apartments under 1,000 sq ft dominate sales, while luxury segments show renewed interest.
Mumbai Property MarketReal EstateStamp DutyLuxury HousingInfrastructureReal Estate MaharashtraJul 31, 2025
The figures mark a steady rise from June, which saw 11,598 registrations, and slightly surpass last July’s tally of 12,373 deeds that brought in Rs 1,064 crore.
According to data from real estate consultancy Knight Frank India, apartments measuring up to 1,000 sq ft continued to dominate sales, accounting for 82% of all residential transactions in July 2025. While mid-income housing (Rs 1 crore–5 crore) saw a small dip in market share, high-value transactions—those above Rs 5 crore—rose to make up 6% of total registrations, signaling renewed interest in Mumbai’s luxury housing market.
Experts attribute the steady performance to strong end-user demand and improving infrastructure. “Despite interest rate fluctuations and global economic uncertainty, Mumbai’s property market has remained remarkably resilient,” said Prashant Sharma, President, NAREDCO Maharashtra. “The consistent registration numbers reflect long-term confidence in real estate as an asset class.”
Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory, added that the over Rs 1,100 crore in registration revenue highlights sustained structural demand. “As infrastructure upgrades like the Metro and Coastal Road continue to take shape, suburban micro-markets are likely to see further momentum.”
Echoing this sentiment, Shraddha Kedia-Agarwal, Director at Transcon Developers, pointed to a clear shift in buyer preference. “The fact that 82% of transactions were for homes under 1,000 sq ft indicates that compact, efficient, and well-connected homes remain top choices for urban homebuyers,” she said. “At the same time, the uptick in premium property sales shows that Mumbai continues to attract investment across price segments.”
Frequently Asked Questions
What is the current trend in Mumbai's property market?
Mumbai's property market is showing a steady rise in property registrations, with a significant number of transactions for smaller apartments under 1,000 sq ft and a growing interest in luxury housing.
How much revenue has been generated through stamp duty and registration charges?
In July 2025, Mumbai's property market generated Rs 1,116 crore in revenue through stamp duty and registration charges.
What factors are driving the resilience in Mumbai's property market?
Strong end-user demand and improving infrastructure, such as the Metro and Coastal Road projects, are key factors driving the resilience in Mumbai's property market.
What is the market share of high-value transactions in Mumbai?
High-value transactions, those above Rs 5 crore, make up 6% of total registrations, indicating renewed interest in Mumbai’s luxury housing market.
What is the impact of infrastructure upgrades on the property market?
Infrastructure upgrades like the Metro and Coastal Road are expected to boost suburban micro-markets and attract more investment in the property market.
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