Synopsis: Mumbai recorded 12,219 property registrations in November 2025, marking a 20% year-on-year increase. Stamp duty revenue grew 12% to ₹1,038 crore. Between January and November, the city logged over 135,807 registrations, contributing ₹12,224 crore to the state—its strongest November performance since 2013.
Mumbai Property Registrations Rise 20% in November
Mumbai’s real estate market continued its upward momentum in November, recording 12,219 property registrations, which is a 20% increase compared to the same month last year.
According to reports from Hindustan Times and data from the Maharashtra Inspector General of Registration (IGR), stamp duty collections rose 12% to reach ₹1,038 crore.
Month-on-month, registrations improved by 5%, while stamp duty collections remained mostly stable.
The residential segment dominated market activity, accounting for nearly 80% of all registrations, as noted by Knight Frank.
Eleven-Month Performance Shows Strong Momentum
Between January and November 2025, Mumbai recorded over 135,807 property registrations, contributing a significant ₹12,224 crore to Maharashtra’s revenue.
- 5% yearly rise in registrations
- 11% increase in stamp duty revenue
- Best November performance since 2013
The sustained demand highlights Mumbai’s resilience and steady buyer confidence, even amidst fluctuating economic conditions.
Demand Shifts Toward Higher-Value Homes
Analysts note that Mumbai’s residential market is now functioning at a much higher activity baseline than the previous decade.
Demand for mid-range and premium homes continues to rise, supported by greater consumer willingness to upgrade.
Shishir Baijal, Chairman & MD of Knight Frank India, stated:
“Mumbai’s residential market has extended its steady momentum into November, posting a 20% rise in registrations and delivering its best November since 2013. Revenue increased 12% across segments due to a clear shift toward higher-value homes. With registrations crossing 135,000 units in eleven months, the market is operating at a structurally stronger baseline with consistently healthy monthly activity.”
What’s Driving the Growth?
- Strong end-user demand for residential homes
- Shift from affordable to mid and premium segments
- Stable interest rates supporting buying sentiment
- Improved developer credibility and timely project deliveries
- Growing preference for larger homes post-pandemic
Outlook for Mumbai’s Real Estate Market
With robust demand across budget categories and renewed confidence in the property market, experts expect:
- Continued growth in registrations through early 2026
- Greater traction in premium and luxury housing
- Steady stamp duty revenue for the state
📌 Key Takeaway
Mumbai’s November 2025 property market posted its best performance in over a decade, with registrations up 20% and revenue rising 12%. Strong residential demand—especially for premium homes—continues to push the city’s real estate to new highs.
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