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Mumbai recorded around 11,200 property registrations during the past month, reflecting a 14% year-on-year dip, largely attributed to last year�s elevated festive base. According to Knight Frank India, stamp duty collections touched INR 1,004 crore, showing a 17% fall. Despite the decline, the city maintained over 11,000 registrations, highlighting persistent buyer confidence, particularly in the mid-income and western suburban segments, which continued to dominate the market share.
Mumbai?s property market demonstrated remarkable resilience over the past month, registering around 11,200 property transactions ? a 14% year-on-year decline mainly because last year?s festive season activity had been exceptionally high. As reported by Knight Frank India, stamp duty revenues totalled INR 1,004 crore, representing a 17% reduction. The shift in festive demand towards September this year was seen as a key reason for the moderation in numbers. However, despite the annual dip, registrations remained comfortably above the 11,000 mark, underscoring the city?s enduring buyer sentiment. Advertisement
Residential transactions continued to dominate, accounting for 80% of total registrations. Properties priced below INR 1 crore increased their share to 48%, while those in the INR 1?2 crore range held a steady 31%, reinforcing the strength of mid-income housing demand. Since the start of 2025, Mumbai has recorded over 1.23 lakh registrations, representing a 4% year-on-year increase, generating INR 11,151 crore in revenue ? an 11% rise from the previous year.
The Western Suburbs led the city?s property activity with a 55% market share, followed by the Central Suburbs at 29% and South Mumbai at 10%, reflecting a continuing inclination for well-connected neighbourhoods.
Industry experts maintained that the moderation in October?s figures was a temporary adjustment rather than a cause for concern. Prashant Sharma, President of NAREDCO Maharashtra, observed that the brief pause should not be misinterpreted, as Mumbai?s market fundamentals remained sound, driven by infrastructure growth, stable employment, and end-user demand. He noted that supportive government measures and developer initiatives were likely to bring momentum back soon.
Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory, remarked that while registrations saw a monthly drop, market sentiment remained robust. He added that homebuyers were increasingly making well-informed decisions, focusing on reputable developers and superior projects, which reflected the market?s growing maturity.
According to Shraddha Kedia-Agarwal, Director at Transcon Developers, the short-term decline in numbers did not overshadow Mumbai?s steady underlying demand. She highlighted that buyer discernment would lead to a more sustainable and quality-driven market, supported by lifestyle-oriented and environmentally conscious developments.
Dhruman Shah, Promoter of Ariha Group, mentioned that the October data should be viewed in context, as the city?s long-term trajectory continued to be positive. He pointed out that ongoing enquiries and strong site visits demonstrated genuine end-user interest, with developers focusing on value-oriented and timely delivery to reinforce confidence.
Meanwhile, Shilpin Tater, Managing Director of Superb Realty, noted that Mumbai?s real estate sector had consistently proven resilient, and minor fluctuations in registrations were part of its natural rhythm. He added that the focus on credible developers, desirable locations, and quality housing would keep buyer activity steady, further supported by infrastructure upgrades and festive offers.
Despite a temporary slowdown in October?s registrations, Mumbai?s real estate market has shown continued resilience, anchored by end-user demand and confidence in established developers. The mid-income segment and western suburbs remain the city?s primary growth drivers, while the market?s long-term outlook is supported by robust infrastructure progress, stable employment conditions, and improving consumer sentiment, setting the stage for renewed activity in the coming months.
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