Registration of Properties in Mumbai Declines 10% in October
The registration of properties in the Mumbai region experienced a notable decline of 10% in October 2025, totaling 11,649 units. This downturn is attributed to a high base effect from the previous year, as reported by real estate consultant Knight Frank. Here are the key details:
– Last October, 12,960 units were registered, marking a significant comparison point.
– The Maharashtra government’s data highlights that property registrations in Mumbai, specifically in areas under BMC jurisdiction, reached 11,649 last month.
– Stamp duty collections for October topped Rs 1,040 crore, indicating healthy revenues despite the decline in registrations.
– Year-on-year, property registration numbers fell by 10%, while revenue collections decreased by 14%, largely due to the inflated figures from the previous year.
Dominance of Residential Transactions
The residential real estate segment played a crucial role in October’s figures:
– Residential deals comprised approximately 80% of all registrations made last month, showcasing sustained demand in the housing market.
According to Shishir Baijal, Chairman & Managing Director of Knight Frank India, Mumbai’s housing market continues to exhibit depth and stability throughout 2025. He emphasized that although October saw a decrease compared to last year’s festive-driven high, the city still managed over 11,000 registrations, reflecting robust underlying demand.
The shifting festive calendar, with much of the celebratory buying occurring in September, did not dampen October’s activity, underscoring the persistent attractiveness of Mumbai’s real estate landscape.
In conclusion, while the registration of properties in Mumbai fell by 10% in October, the city’s market remains resilient, suggesting a stable future despite fluctuations in monthly statistics.