MUMBAI
Mumbai’s property market delivered its strongest November performance since 2013, showing rising homebuyer interest and steady confidence across the city. A new report revealed that the Mumbai region, covering areas under the BMC, registered 12,219 property deals in November 2025. This marks a strong 20 per cent jump compared to the same month last year, highlighting the city’s continued real estate momentum.
Stamp duty collections also reflected this positive trend. The state earned Rs 1,038 crore from stamp duty in November, showing a 12 per cent rise year-on-year. Month-on-month, registrations went up by 5 per cent, while stamp duty revenue stayed stable. Between January and November 2025, Mumbai recorded 1,35,807 registrations, contributing more than Rs 12,224 crore to the state. This period saw a 5 per cent rise in registrations and an 11 per cent revenue increase, further proving the city’s active real estate landscape.
Knight Frank India Chairman and Managing Director Shishir Baijal said the steady performance reflects strong and mature demand. He noted that buyers across different price groups continue to remain active, with a clear rise in demand for higher-value homes. With more than 1.35 lakh registrations in eleven months, Baijal said Mumbai’s market now operates at a higher, more stable level than before.
Demand for premium homes surged in November. Properties priced above Rs 5 crore made up 7 per cent of total registrations, up from 5 per cent last year. Homes priced below Rs 1 crore saw a decline due to affordability challenges. The mid-range segment of Rs 2–5 crore stayed stable, while homes priced between Rs 1 crore and Rs 2 crore rose from 31 per cent in 2024 to 33 per cent in 2025, showing shifting buyer preferences.