Mumbai registered around 11,200 property deals in October 2025, marking a 14% year-on-year decline due to a high festive base last year, according to a Knight Frank India report. Stamp duty collections stood at ₹1,004 crore, down 17% Y-o-Y, with festive demand largely shifting to September this year. Despite the annual dip, registrations remained above the 11,000 mark, reflecting sustained buyer confidence.
Residential sales continued to dominate at 80% of total registrations. Homes priced below ₹1 crore strengthened their share to 48%, while the ₹1–2 crore segment held 31%, underscoring resilient mid-income demand.
Since the start of 2025, Mumbai has recorded over 1.23 lakh registrations, up 4% Y-o-Y, contributing ₹11,151 crore in revenue, an 11% increase. The Western Suburbs led the market with a 55% share, followed by Central Suburbs at 29% and South Mumbai at 10%, reflecting a consistent preference for well-connected urban pockets.
Prashant Sharma, President, NAREDCO Maharashtra said: “The temporary dip in registrations this October should be seen as a pause rather than a concern. Mumbai’s property market has displayed remarkable resilience over the years, and the fundamentals remain strong. The upcoming infrastructure push, steady employment levels, and sustained end-user demand continue to underpin long-term growth. We believe this is a short-term adjustment, and with supportive government policies and continued developer efforts, momentum will return swiftly in the coming months.”
Mid-income homes dominate, luxury share steady
Homes priced below ₹1 crore dominated, with their share rising from 45 per cent in October 2024 to 48 per cent this year. The ₹1–2 crore category held firm at 31 per cent, indicating a stable core of mid-income demand, while the ₹2–5 crore segment eased slightly to 16 per cent. The share of transactions worth over ₹5 crore stayed unchanged at 6 per cent, pointing to consistent but limited luxury activity.
Western suburbs lead market share; Central, South Mumbai follow
Western and Central Suburbs together accounted for 84 per cent of all registrations in October 2025, slightly lower than 86 per cent last year but still reflecting their dominant role in the city’s housing market.
The Western Suburbs led the market activity with a 55 per cent share, supported by strong traction in mid-range inventory. Central Suburbs followed at 29 per cent, while South Mumbai’s share rose to 10 per cent.
Share
Tweet
