Mumbai recorded around 11,200 property registrations in October 2025, with stamp duty collections reaching Rs 10.04 billion, according to Knight Frank India. While registrations fell 14 per cent and revenue dropped 17 per cent year-on-year due to last year’s festive high base, activity remained strong, staying above the 11,000 mark.

The moderation was mainly due to the festive calendar shift, as most home-buying activity occurred in September during Navratri (22 September–1 October) and Diwali (20 October). Residential transactions continued to dominate, accounting for about 80 per cent of total registrations.

From January to October 2025, Mumbai recorded 123,141 registrations, contributing over Rs 111.51 billion to the state exchequer—a 4 per cent rise in registrations and 11 per cent growth in revenue from last year.

Homes priced below Rs 10 milion led activity with a 48 per cent share, followed by the Rs 10–20 million segment at 31 per cent. Compact homes under 1,000 sq ft formed 85 per cent of total sales, led by the 500–1,000 sq ft category.

Suburban markets dominated, with the Western and Central Suburbs accounting for 84 per cent of registrations. Knight Frank’s Shishir Baijal said Mumbai’s housing market continues to show “depth, consistency, and long-term strength.”