Mumbai Nears 100K Sales Despite Rs 10B August Dip
Real Estate

Mumbai Nears 100K Sales Despite Rs 10B August Dip

Mumbai’s real estate market remained resilient in August 2025, recording 11,230 property registrations under the Brihanmumbai Municipal Corporation (BMC) limits, according to data from Knight Frank India. Despite a 3 per cent year-on-year dip and an 11 per cent decline from July, experts suggest the housing market continues to be driven by strong end-user confidence.
Stamp duty collections for the month stood at Rs 10 billion, down 6 per cent from Rs 10.62 billion in August 2024. However, cumulative performance from January to August 2025 paints a strong picture—over 99,869 registrations were recorded, generating Rs 88.54 billion in stamp duty revenue, an 11 per cent increase from the same period last year. The city is now poised to surpass the 100,000 registration milestone before year-end.

Compact Homes Continue to Lead
Residential transactions accounted for 80 per cent of all registrations. Compact homes, particularly those under 1,000 sq ft, dominated with an 85 per cent share. Properties between 500–1,000 sq ft were especially favoured, balancing affordability and functionality.
Larger apartments in the 1,000–2,000 sq ft range increased to a 13 per cent market share, indicating growing interest among upgraders. Homes above 2,000 sq ft held steady at 3 per cent.

Luxury Housing Gains Momentum
Demand for high-end housing also showed signs of growth. Properties priced above Rs 50 million comprised 6 per cent of total registrations—up from 5 per cent last year. In contrast, the mid-market Rs 20–50 million bracket declined by 3 per cent, suggesting a temporary correction or recalibration in buyer preferences.
Knight Frank’s report attributes this shift to growing interest in differentiated housing and aspirational purchases among affluent buyers.

Suburban Demand Strengthens
Western Suburbs continued to dominate with a 54 per cent share of registrations, followed by the Central Suburbs at 32 per cent. South Mumbai remained steady at 7 per cent, while Central Mumbai’s share dropped from 11 per cent to 7 per cent, reflecting a shift in buyer preference toward suburban micro-markets with better connectivity and affordability.

Industry Reactions
Prashant Sharma, NAREDCO Maharashtra, said, “Crossing 11,000 registrations monthly shows strong and sustained demand. However, continued support for mid-income affordability is critical.”
Kaushal Agarwal, The Guardians Real Estate Advisory, noted, “While luxury housing is rising, compact homes remain the market’s backbone. Infrastructure projects like the metro and coastal road are key drivers.”
Dhruman Shah, Promoter of Ariha Group, added, “Nearly 100,000 registrations in eight months reflect the sector’s strength. Growth in both affordable and premium segments shows a diversified and healthy demand trend, particularly in the Western suburbs.”

Mumbai’s real estate market is expected to maintain its momentum, supported by a mix of compact housing demand, luxury upgrades, and ongoing infrastructure development across the city. 

Mumbai’s real estate market remained resilient in August 2025, recording 11,230 property registrations under the Brihanmumbai Municipal Corporation (BMC) limits, according to data from Knight Frank India. Despite a 3 per cent year-on-year dip and an 11 per cent decline from July, experts suggest the housing market continues to be driven by strong end-user confidence.Stamp duty collections for the month stood at Rs 10 billion, down 6 per cent from Rs 10.62 billion in August 2024. However, cumulative performance from January to August 2025 paints a strong picture—over 99,869 registrations were recorded, generating Rs 88.54 billion in stamp duty revenue, an 11 per cent increase from the same period last year. The city is now poised to surpass the 100,000 registration milestone before year-end.Compact Homes Continue to LeadResidential transactions accounted for 80 per cent of all registrations. Compact homes, particularly those under 1,000 sq ft, dominated with an 85 per cent share. Properties between 500–1,000 sq ft were especially favoured, balancing affordability and functionality.Larger apartments in the 1,000–2,000 sq ft range increased to a 13 per cent market share, indicating growing interest among upgraders. Homes above 2,000 sq ft held steady at 3 per cent.Luxury Housing Gains MomentumDemand for high-end housing also showed signs of growth. Properties priced above Rs 50 million comprised 6 per cent of total registrations—up from 5 per cent last year. In contrast, the mid-market Rs 20–50 million bracket declined by 3 per cent, suggesting a temporary correction or recalibration in buyer preferences.Knight Frank’s report attributes this shift to growing interest in differentiated housing and aspirational purchases among affluent buyers.Suburban Demand StrengthensWestern Suburbs continued to dominate with a 54 per cent share of registrations, followed by the Central Suburbs at 32 per cent. South Mumbai remained steady at 7 per cent, while Central Mumbai’s share dropped from 11 per cent to 7 per cent, reflecting a shift in buyer preference toward suburban micro-markets with better connectivity and affordability.Industry ReactionsPrashant Sharma, NAREDCO Maharashtra, said, “Crossing 11,000 registrations monthly shows strong and sustained demand. However, continued support for mid-income affordability is critical.”Kaushal Agarwal, The Guardians Real Estate Advisory, noted, “While luxury housing is rising, compact homes remain the market’s backbone. Infrastructure projects like the metro and coastal road are key drivers.”Dhruman Shah, Promoter of Ariha Group, added, “Nearly 100,000 registrations in eight months reflect the sector’s strength. Growth in both affordable and premium segments shows a diversified and healthy demand trend, particularly in the Western suburbs.”Mumbai’s real estate market is expected to maintain its momentum, supported by a mix of compact housing demand, luxury upgrades, and ongoing infrastructure development across the city. 

Next Story
Infrastructure Urban

Bridgestone Honours Changemakers at 5th Mobility Impact Awards 2025

Bridgestone India announced the winners of the 5th Mobility Social Impact Awards (MSIA) 2025, recognising organisations that have leveraged mobility to empower communities and enhance road safety. The ceremony, held in Pune, was attended by industry leaders, policymakers, and social change-makers.The awards were presented in two categories—Empowerment of Vulnerable Communities and Road Safety Innovation and Excellence. The Association of People with Disability (APD), Bengaluru, won the top honour for its ‘Rehab on Wheels’ initiative, providing last-mile rehabilitation services to persons..

Next Story
Infrastructure Urban

Covestro Wins Good Design Award for Circular Design Innovation

Covestro, a global leader in advanced polymer materials, has received the prestigious Good Design Award for transforming recycled engineering plastics into premium design materials through its pioneering Colour, Material and Finish (CMF) solutions. The award recognises Covestro’s innovative approach to making sustainability a key design differentiator.Developed in collaboration with the Colour & Imaging Institute at Tsinghua University, the project titled “Transforming Sustainable Materials into Desirable Designs” demonstrates how recycled materials from end-of-life products can ..

Next Story
Real Estate

NAREDCO Appoints Parveen Jain as President and Dr. Hiranandani as Chairman

The National Real Estate Development Council (NAREDCO), the apex body of India’s real estate sector under the Ministry of Housing & Urban Affairs, has announced the election of Parveen Jain as President and Dr. Niranjan Hiranandani as Chairman. The appointments mark a new phase of leadership focused on driving transparency, innovation, and sustainability across the industry.Parveen Jain, Founder and Managing Director of Tulip Infratech, is recognised as one of North India’s most respected real estate leaders. Under his leadership, Tulip has delivered landmark residential and commer..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?