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 INR1,004 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 INR 1 crore strengthened their share to 48%, while the INR 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 INR11,151 crore in revenue, an 11% increase. The Western Suburbs led the marketwith 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.”
Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory said,“While registrations have seen a month-on-month dip, the underlying sentiment in the market remains robust. Homebuyers today are taking informed decisions, prioritizing reputed developers and high-quality projects — which is a healthy sign of market maturity. We expect registrations to bounce back as new festive offers, attractive payment plans, and infrastructure-led growth corridors continue to drive buyer confidence in Mumbai’s real estate landscape.”
Shraddha Kedia-Agarwal, Director, Transcon Developers said,“The short-term decline in registration numbers should not overshadow the strong underlying demand that Mumbai continues to witness. Buyers are becoming more discerning, which ultimately leads to a more sustainable and quality-driven market. With lifestyle-focused developments, sustainable design, and enhanced customer experiences, we believe this phase will soon give way to renewed momentum as the market readjusts to new consumer aspirations.”
Dhruman Shah, Promoter, Ariha Group said, “The October data must be viewed in perspective — the long-term trajectory for Mumbai’s property market remains positive. We are seeing continued enquiries and strong footfalls across categories, which reflects genuine end-user demand. As developers, our focus remains on timely delivery and offering value-driven homes, which we believe will further strengthen buyer confidence and lead to a rebound in the coming months.”
Shilpin Tater, Managing Director, Superb Realty, said, “The Mumbai market continues to be one of the most resilient in the country. A small dip in registrations is part of the natural market rhythm and not indicative of any slowdown. Buyers are increasingly focused on trusted developers, prime locations, and quality offerings — factors that continue to drive steady traction. We expect sentiment to strengthen further as infrastructure upgrades and festive offers create new excitement among homebuyers.”
