Mumbai’s real estate market witnessed a slowdown in October 2025, as property registrations within the Brihanmumbai Municipal Corporation (BMC) limits declined by 14% year-on-year. According to data from the Maharashtra government, the city recorded around 11,200 property registrations during the month, compared to the same period last year.
The stamp duty collection also saw a drop of 17% year-on-year, amounting to approximately ₹1,004 crore. On a month-on-month basis, registrations declined by 7%, while stamp duty revenue fell sharply by 22%. Despite the dip, residential properties continued to dominate, accounting for nearly 80% of total registrations.
From January to October 2025, the city registered over 1.23 lakh properties, generating revenue of more than ₹11,151 crore. This reflects a 4% rise in total registrations and an 11% increase in revenue compared to the same period in 2024, showing that the broader trend remains positive despite the October slowdown.
In terms of property prices, homes priced below ₹1 crore saw a larger share at 48%, up from 45% in October 2024. Properties in the ₹1–2 crore range held steady at 31%, while those in the ₹2–5 crore segment dropped slightly to 16%. High-end properties priced above ₹5 crore maintained a 6% market share.
When categorized by size, compact homes up to 1,000 sq ft dominated with an 85% share, while mid-sized units between 1,000–2,000 sq ft made up 13%, and larger homes above 2,000 sq ft accounted for 3%.
Geographically, the Western and Central suburbs remained the most active markets, contributing 84% of total registrations. South Mumbai’s share improved marginally to 10%, whereas Central Mumbai recorded 6%.
Industry observers suggest the decline could be a temporary correction, influenced by seasonal factors or project completion cycles, rather than a sign of weakening demand. The continued demand for affordable and mid-segment homes indicates stable underlying market confidence in Mumbai’s property sector.
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