Stamp duty collections also rose 12 per cent year-on-year to Rs 1,038 crore – reflecting continued buying momentum.On a monthly basis, registrations increased by 5 percent, while stamp duty collections remained stable.
From January to November 2025, Mumbai recorded 1,35,807 property registrations, contributing over Rs 12,224 crore to the state government.
During this period, registrations increased by 5 percent year-on-year and revenues by 11 percent, demonstrating the city’s robust real estate activity throughout the year. Shishir Baijal, chairman and managing director of Knight Frank India, said the residential market in Mumbai has maintained its strong momentum. He noted that the 20 percent annual increase in registrations and 12 percent in sales growth reflect steady demand across all segments and a clear shift towards higher value properties.
With over 1.35 lakh registrations in eleven months, Baijal says the market is now operating at a structurally higher level with consistent monthly activity.
He added that the stability in both sales volumes and revenue indicates a mature demand cycle and continued buyer confidence.
Demand for more expensive homes continued to rise in November. Properties priced above Rs 5 crore constituted 7 percent of total registrations, compared to 5 percent a year ago.
Meanwhile, the share of homes priced below Rs 1 crore fell due to the pressure on affordability. The mid-segment of Rs 2-5 crore remained stable, while homes priced between Rs 1 crore and Rs 2 crore saw their share rise from 31 per cent in 2024 to 33 per cent in 2025
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