Mumbai: Greater Mumbai under the BMC’s jurisdiction has recorded the strongest housing market performance in 14 years in 2025. Property registrations between Jan and Dec 2025 touched a high of over 1.5 lakh, while stamp duty collections generated revenue of Rs 13,487 crore.In Dec 2025 alone, 14,447 properties were registered, contributing Rs 1,263 crore to state exchequer. “This translated into a robust 16% year-on-year increase in registrations and an 11% YoY rise in stamp duty collections. On a sequential basis, Dec registrations surged 18% while stamp duty revenues climbed sharply by 22%,” said Knight Frank India.
Dec emerged as the second-strongest month of the year, surpassed only by March, when monthly registrations crossed 15,000 mark. Residential properties accounted for 80% of total registrations in Dec.Shishir Baijal, international partner, chairman and MD, Knight Frank India, said the year “2025 marked a steady and mature phase for Mumbai’s housing market, with property registrations crossing 1.50 lakh, the highest level seen in the past 14 years. This milestone is a strong indicator of the underlying resilience and depth of the market, driven by sustained end-user demand and a far more supportive supply-side ecosystem.” He said, “Rising stamp duty collections reflect a gradual improvement in per unit transaction values. This strength is reinforced by a significant improvement in affordability, with Mumbai now at 47%, a sharp correction from levels where EMIs once consumed as much as 97% of household income.”Homes priced above Rs 5 crore accounted for 7% of total registrations in Dec 2025, up from 6% a year earlier. The less than Rs 1 crore range saw its share decline as affordability challenges weighed on buyer sentiment in this bracket. The Rs 2-5 crore range was stable, while the share of properties worth Rs 1-2 crore rose from 30% in 2024 to 32% in 2025.Properties up to 1,000 square feet continue to lead in registrations in Dec 2025. Units up to 1,000 sq ft contributed 82% of all registrations in line with last year. The 500–1,000 sq ft segment was the most preferred. Larger homes retained a niche base, with 1,000–2,000 sq ft units edging up to 15%, and above 2,000 sq ft 3%. Western and central suburbs account for 85% of total market share in Dec.
