Mumbai city (area under BMC jurisdiction), recorded 11,230 property registrations, reflecting a modest dip of 3% YoY. Stamp duty collection from property registrations stood at 1,000 crores, resulting in a 6% YoY decline in the same period, mentioned the latest Knight Frank India Report. On a month-on-month (MoM) basis property registrations and stamp duty collections declined by 11%. The market continues to be driven by residential demand, with 80% of all registrations in the month attributed to residential properties.
The city saw over 99,869 property registrations in the first eight months of 2025, contributing more than Rs 8,854 crore to the state exchequer during this period. Property registrations observed a 3% year-on-year (YoY) growth while revenue grew by 11% YoY during the same period. Sustained buyer confidence has fueled consistent sales, driven by city’s property registration growth.
Mumbai property sale registration and government revenue collection
| Period
(Jan-August) |
Registration | YoY | Revenue | YoY |
| (Units) | (INR cr) | |||
| 2013 | 44,583 | NA | 2,434 | NA |
| 2014 | 41,533 | -7% | 2,340 | -4% |
| 2015 | 45,609 | 10% | 2,769 | 18% |
| 2016 | 44,099 | -3% | 2,734 | -1% |
| 2017 | 44,090 | 0% | 3,499 | 28% |
| 2018 | 54,939 | 25% | 3,809 | 9% |
| 2019 | 46,013 | -16% | 3,685 | -3% |
| 2020 | 23,225 | -50% | 1,740 | -53% |
| 2021 | 78,270 | 237% | 3,723 | 114% |
| 2022 | 86,653 | 11% | 5,924 | 59% |
| 2023 | 83,615 | -4% | 7,262 | 23% |
| 2024 | 96,497 | 15% | 8,000 | 10% |
| 2025 | 99,869 | 3% | 8,854 | 11% |
Shishir Baijal, chairman and managing director, Knight Frank India, stated, “Mumbai’s housing market has remained consistent in 2025, with monthly registrations staying above 11,000 and revenue collections crossing Rs 1,000 crore. While August saw a modest 3% dip, the city remains firmly on track inching towards the 1,00,000 registration milestone for the year. Demand for homes up to 1,000 sqft continues to remain resilient and transactions in the Rs 5 crore-plus segment have also held steady. Together, these trends underline the strength of end-user activity and the market’s enduring momentum”.
Ticket size category wise transactions
| Category | August – 24 | August-25 | ||||
| Less than 1 crore | 44% | 48% | ||||
| 1 to 2 crores | 31% | 31% | ||||
| 2 to 5 crores | 19% | 16% | ||||
| 5 crore and above | 5% | 6% | ||||
The momentum of registrations in Mumbai continues to tilt toward the higher price brackets. Homes priced above INR 5 crore accounted for 6% of total registrations in August 2025, up from 5% a year earlier, reflecting steady demand in the luxury segment. Meanwhile, the Rs 1–5 crore mid-market range saw its share decline as affordability challenges weighed on buyer sentiment in this bracket. The 2–5 crore range registered a 3% decline, which at this stage looks like a one-off and will have to be watched closely to see if it persists.
Properties up to 1,000 sqft continue to lead in registrations
Compact apartments remained the mainstay of demand. Units up to 1,000 sqft contributed 85% of all registrations, slightly higher than last year. The 500–1,000 sqft segment was the most preferred, striking a balance between affordability and usable space for end-users. Larger homes retained a niche buyer base, with 1,000–2,000 sqft units inching up to 13% and apartments above 2,000 sqft steady at 3%.
Area wise breakup of apartment sales
| Area (sq ft) | August – 24 | August-25 |
| Up to 500 | 41% | 39% |
| 500 – 1,000 | 44% | 46% |
| 1,000 – 2,000 | 12% | 13% |
| over 2,000 | 3% | 3% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank Research
Western Suburb and Central Suburb account for 86% of the total market share
The suburban markets continued to anchor activity. The Western and Central Suburbs together comprised 86% of registrations in August 2025. The Western Suburbs led with 54%, while the Central Suburbs contributed 32%. In contrast, South Mumbai held at 7%, and Central Mumbai slipped to 7%.
Micro-Market wise breakup of apartment sales
| Micro-market | Share in August 2024 | Share in August 2025 |
| Western Suburbs | 52% | 54% |
| Central Suburbs | 31% | 32% |
| South Mumbai | 6% | 7% |
| Central Mumbai | 11% | 7% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank Research
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