Mumbai city (area under BMC jurisdiction) recorded 12,219 property registrations in November, marking a 20 per cent year-on-year (Y-O-Y) increase. Stamp duty collections touched Rs 1,038 crore, up 12 per cent Y-O-Y. On a month-on-month (MoM) basis property registrations increased by 5 per cent and stamp duty remained stable. The market continues to be driven by residential demand, with 80 per cent of all registrations in the month attributed to residential properties.Mumbai recorded over 135,807 property registrations in the first eleven months of 2025, contributing more than Rs 12,224 crore (Cr) to the state exchequer during this period. Property registrations observed a 5 per cent Y-O-Y growth while revenue grew by 11 per cent Y-O-Y during the same period. Sustained buyer confidence has fueled consistent sales, driven by city's property registration growth.Shishir Baijal, Chairman & Managing Director, Knight Frank India, stated “Mumbai’s residential market has extended its steady momentum into November, posting a 20 per cent Y-O-Y rise in registrations and marking the city’s best November since 2013. Revenue increased 12 per cent, supported by firm demand across segments and a clear shift toward higher-value homes. With registrations crossing 135,000 units in the first eleven months, the market is operating at a structurally higher baseline, and monthly activity has consistently stayed healthy. The stability in both volumes and revenue highlights a mature demand cycle and continued buyer confidence across Mumbai.”Registration momentum in Mumbai continues to tilt toward the higher price brackets. Homes priced above INR 5 cr accounted for 7 per cent of total registrations in November 2025, up from 5 per cent a year earlier, reflecting demand in the luxury segment. Meanwhile, the less than 1 cr range saw its share decline as affordability challenges weighed on buyer sentiment in this bracket. The 2–5 cr range remained stable, while the share of properties worth INR 1 to 2 cr increased from 31 per cent in 2024 to 33 per cent in 2025.Properties up to 1,000 sq ft continue to lead in registrationsUnits up to 1,000 sq ft contributed 84 per cent of all registrations, in-line to last year. The 500–1,000 sq ft 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 sq ft units edging up to 13 per cent and apartments above 2,000 sq ft rose to 4 per cent.Western Suburb and Central Suburb account for 85 per cent of the total market shareThe suburban markets continued to anchor activity. Western and Central Suburbs accounted for 85 per cent of the total registrations in November 2025. The Western Suburbs led with 56 per cent, while the Central Suburbs contributed 29 per cent. In contrast, South Mumbai held at 9 per cent, and Central Mumbai slipped to 6 per cent.