Mumbai’s real estate market continued its strong momentum in November 2025, recording 12,219 property registrations, a robust 20% year-on-year (YoY) rise—the highest tally for the month since 2013. According to data from the Maharashtra IGR, stamp duty collections grew 12% YoY to ₹1,038 crore, reflecting sustained demand and healthy transaction activity across key micro-markets. The surge was predominantly led by residential sales, which accounted for nearly 80% of all registrations during the month, as per an analysis by Knight Frank.
With this, Mumbai has crossed 135,807 property registrations in the first eleven months of 2025, contributing over ₹12,224 crore to the state exchequer. The period also witnessed a 5% YoY rise in registrations and an 11% YoY increase in government revenue, underlining sustained buyer confidence and consistent sales momentum.
Prashant Sharma, President, NAREDCO Maharashtra said: “The robust 20% year-on-year increase in property registrations in November is a clear indicator of growing buyer confidence and renewed momentum in Mumbai’s residential market. We believe this uptick reflects a broader shift: buyers are increasingly opting for well-located, good-quality homes with long-term value, supported by stable macroeconomic conditions and improving affordability. Going forward, it is important that the regulatory and policy environment continues to support transparency, timely approvals, and infrastructure-led growth — so that this encouraging momentum translates into sustainable growth across suburban as well as central markets.”
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