Mumbai Nears 100K Sales Despite Rs 10B August Dip

09 Sep 2025 CW Team

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.

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