Mumbai home sales take a festive hit
Mumbai is expected to see approximately 11,200 property registrations in October 2025, with stamp duty collections reaching Rs 1,004 crore, according to a report released on Friday. Year-to-date registrations rose 4 per cent compared with the same period last year, while revenue climbed 11 per cent due to steady buyer confidence, according to real estate services firm Knight Frank.
October figures show a 14 percent drop in registrations and a 17 percent decline in revenue from the same period last year, primarily due to a high base and changes in the festive calendar. Despite this, activity stayed strong, remaining above 11,000 registrations. Residential deals accounted for roughly 80 percent of all transactions.
Through October 2025, Mumbai recorded over 123,141 registrations, adding more than Rs 11,151 crores to the state’s coffers. Homes priced below Rs 1 crore accounted for 48 percent of sales, up from 45 percent a year ago. The Rs 1–2 crore segment accounted for 31 per cent, while the Rs 2–5 crore range decreased slightly to 16 per cent. Deals above Rs 5 crore remained unchanged at 6 per cent, reflecting stable but limited luxury demand.
