Mumbai city recorded 12,366 property registrations in July 2025 under the BMC jurisdiction, generating Rs1,101 crore in stamp duty revenue for Maharashtra. Compared to the same month last year, registrations rose 7%, and stamp duty collections increased 6%. Year-to-date figures show 88,426 registrations between January and July—up 4% annually—with stamp duty revenue climbing 13% to Rs7,832 crore.
Driving this growth were high-value transactions, especially in properties priced above Rs5 crore, which increased from 5% of total registrations in July 2024 to 6% in July 2025. In contrast, the mid-market segment (Rs1–5 crore) saw a dip in contribution.
Despite these premium sales, compact homes continued to dominate the market. Apartments under 1,000 sq ft accounted for 82% of registrations, with the 500–1,000 sq ft range being most popular. Larger units between 1,000–2,000 sq ft held steady at 14%, while homes over 2,000 sq ft remained at 3%.
According to Knight Frank India Chairman & MD Shishir Baijal, “Mumbai’s residential market continues to show steady buyer confidence, with monthly registrations consistently crossing the 12,000 mark. While mid-ticket demand has softened, sales of larger and high-value homes remain strong, supporting healthy revenue collections.”
Amit Jain, Chairman & MD of Arkade Developers, added, “The recent rate cuts by the RBI have enhanced affordability and positively influenced homebuyer sentiment, particularly in the mid and premium housing segments. As we head into the festive quarter, we expect this momentum to persist, driven by innovative flexible home ownership payment plans and buyer-centric offerings from developers.”
