FCC

Mumbai Records 20 per cent Rise in November Registrations

2025-12-05

Mumbai’s real estate market recorded 12,219 property registrations in November 2025, a 20 per cent year-on-year rise and the highest tally for the month since 2013, according to data from the Maharashtra IGR. Stamp duty collections grew 12 per cent year-on-year to ₹10.38 billion, driven primarily by residential transactions, which accounted for nearly 80 per cent of all registrations during the month as per Knight Frank analysis.

With this performance, Mumbai has clocked 135,807 property registrations between January and November 2025, contributing ₹122.24 billion in stamp duty to the state exchequer. The period reflects a 5 per cent annual increase in registrations and an 11 per cent rise in government revenues, underlining sustained demand and continued buyer confidence across key micro-markets.

Industry leaders noted that momentum is being driven by demand for quality housing, improving affordability and strong infrastructure progress.

“The robust 20 per cent year-on-year increase in property registrations in November is a clear indicator of growing buyer confidence and renewed momentum in Mumbai’s residential market… this uptick reflects a broader shift: buyers are increasingly opting for well-located, good-quality homes with long-term value,” said Prashant Sharma, President, NAREDCO Maharashtra.

“The November property registration numbers reaffirm that Mumbai’s real estate market continues on a healthy growth trajectory… the rising share of luxury homes priced above ₹5 crore further indicates that demand is being driven not just by affordability, but also by aspiration, upgraded lifestyle choices, and long-term value perception,” stated Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory.

“November has delivered a landmark result for Mumbai — 12,219 property registrations, up 20 per cent from last year, and the best November since 2013… buyer sentiment remains resilient,” said Shilpin Tater, Managing Director, Superb Realty.

“The November property registration figures reflect a renewed confidence among home-buyers in Mumbai… well-priced and well-located residential offerings, especially in the mid-income and premium segments, are resonating with buyers,” added Ms Shraddha Kedia-Agarwal, Director, Transcon Developers.

“The 20 per cent YoY increase in property registrations in November is a very positive signal for Mumbai’s real estate cycle… developers must balance optimism with prudence to deliver on time and maintain affordability without compromising quality,” noted Dhruman Shah, Promoter, Ariha Group.

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