Mumbai’s property market maintained strong momentum in August 2025, crossing the 11,000-registration mark for the month, according to data released by Knight Frank India. The city, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, recorded 11,230 property registrations, a marginal 3% year-on-year (YoY) dip compared to 11,631 registrations in August 2024. On a month-on-month (MoM) basis, registrations fell by 11% from 12,579 recorded in July 2025. Despite this moderation, stamp duty collections in August 2025 stood at ₹1,000 crore, a 6% YoY decline from ₹1,062 crore in August last year.
Residential transactions continued to dominate Mumbai’s property landscape, accounting for 80% of total registrations in August 2025. Compact apartments emerged as the most sought-after category, with units up to 1,000 sq ft contributing 85% of all registrations.
The 500–1,000 sq ft segment remained the most preferred, balancing affordability and liveable space. Larger apartments retained their niche appeal, with 1,000–2,000 sq ft units rising to 13%, while homes above 2,000 sq ft stayed steady at 3%.
Knight Frank’s analysis highlighted a steady uptick in demand for premium housing. Homes priced above ₹5 crore accounted for 6% of total registrations, up from 5% a year earlier. Conversely, the ₹1–5 crore mid-market segment saw a marginal decline, with the ₹2–5 crore range dipping by 3%, which analysts suggest may be a temporary correction.
The Western and Central suburbs remained the epicenter of demand, contributing 86% of total registrations in August. The Western Suburbs led with 54%, followed by the Central Suburbs at 32%. South Mumbai maintained a 7% share, while Central Mumbai slipped to 7% from 11% in August last year, reflecting shifting buyer preferences.
Between January and August 2025, Mumbai recorded over 99,869 property registrations, generating ₹8,854 crore in stamp duty revenues for the state exchequer. This represents a 3% YoY increase in registrations and an 11% rise in revenue, underscoring sustained buyer confidence and healthy sales activity.
With registrations consistently surpassing 11,000 every month this year, industry experts remain optimistic that Mumbai will breach the 1 lakh registration milestone in 2025, reaffirming its status as India’s most active and resilient property market.
Prashant Sharma, President, NAREDCO Maharashtra said: "Crossing the 11,000-registration mark consistently every month is a strong indicator of Mumbai’s resilient housing demand. Despite marginal monthly fluctuations, the market has displayed remarkable stability, supported by robust end-user activity and long-term confidence in real estate as an asset class. Going forward, policy support that addresses affordability in the mid-income segment will be crucial to sustaining this momentum and ensuring broader market participation."
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