South Mumbai Sees Decline in Property Registration Share in July 2025: Report

Mumbai’s real estate market was dominated by Western and Central Suburbs in July 2025, accounting for 88% of total property registrations. Conversely, South Mumbai’s share declined to 6%, compared to 8% in the same period last year.

According to data from the Maharashtra government’s Department of Registrations and Stamps (IGR), overall registrations remained largely flat, with 12,366 units registered—a marginal 0.1% decline compared to 12,373 units in July 2024. Compared to 11,599 properties registered in June 2025, July reported 7% increase on a Month-on-Month (MoM) basis, data reveals.

According to the latest data from Knight Frank India, Western and Central Suburbs continue to dominate Mumbai’s residential property market, accounting for a combined 88% of total registrations in July 2025, a slight increase from 86% during the same period last year.

Of this, the Western Suburbs contributed the largest share at 57%, while the Central Suburbs followed with 31%. In contrast, South Mumbai's share declined to 6%, reflecting a softening of activity in the city’s traditional high-end micro-markets.

The report highlights a growing skew towards higher-value property transactions, with a noticeable shift in demand to the premium segment. Properties priced above INR 5 crore made up 6% of registrations in July 2025, up from 5% a year ago. Conversely, the mid-range segment (INR 1 crore to INR 5 crore) saw a dip in its contribution to overall registrations. 

Meanwhile, stamp duty collections grew 3% year-on-year, rising from INR 1,064 crore in July 2024 to INR 1,101 crore in July 2025. For comparison, June 2025 saw collections of INR 1,035 crore. The report further notes that residential units comprised 80% of total registrations in July 2025.

Year-to-Date Trends: Registrations and Revenue at Decade High

On a year-to-date (YTD) basis, Mumbai recorded 88,426 property registrations between January and July 2025, representing a 4% increase over the same period in 2024. Corresponding revenue grew by 13% YoY, reaching INR 7,832 crore, marking the strongest performance in both metrics since 2013 for the Jan–July window.

Compact Homes Remain Preferred, But Larger Apartments See Uptick

Apartments sized up to 1,000 sq ft continued to dominate the market, comprising 82% of all registrations in July 2025, largely stable from 83% a year ago. Within this bracket, units between 500–1,000 sq ft remained the most sought-after. While compact homes remain the mainstay of Mumbai’s housing demand, larger units are gaining modest traction. Homes in the 1,000–2,000 sq ft range increased to 14%, while those above 2,000 sq ft held steady at 3%.

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Knight Frank India notes that the data underscores Mumbai’s enduring preference for efficient, compact living spaces, even as a niche segment of buyers increasingly opts for more spacious, high-value homes.