Mumbai’s real estate market saw a strong performance in November 2025 with 12,219 property registrations, marking a 20% year-on-year rise. This makes it the best November in more than a decade and highlights steady demand in the city’s housing sector. Stamp duty collections for the month reached ₹1,038 crore, registering a 12% annual increase and reflecting continued buyer confidence across key segments.
Residential properties accounted for nearly 80% of the total registrations, underscoring the dominance of end-user housing demand. November also saw a 5% increase in registrations compared to the previous month, while stamp duty revenue remained stable on a month-on-month basis. Improved affordability, employment stability, and a preference for owned homes contributed to the sustained momentum in the residential market.
A noticeable trend in November was the rising demand for mid-range and premium homes. Properties priced above ₹5 crore comprised 7% of total registrations, compared to 5% last year, indicating greater traction in the luxury segment. Homes priced between ₹1 crore and ₹2 crore increased their share to 33%, while the proportion of homes priced under ₹1 crore continued to decline. Compact homes remained the most popular choice, with properties measuring up to 1,000 sq ft accounting for 84% of all registrations. The 500–1,000 sq ft category showed the highest preference among buyers. Larger apartments, including those above 2,000 sq ft, contributed only 4% of the transactions.
Suburban locations continued to dominate the market. The Western suburbs accounted for 56% of all registrations, followed by the Central suburbs with 29%. South and Central Mumbai contributed a combined share of about 15%. The strong suburban demand is supported by better connectivity, wider availability of new inventory, and more competitive property prices compared to the island city.
From January to November 2025, Mumbai recorded over 135,800 property registrations, reflecting a 5% increase compared to the same period last year. Stamp duty collections for the year crossed ₹12,200 crore, showing more than 11% annual growth. The consistent year-to-date performance indicates a stable and resilient property market moving into the final phase of 2025.
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