Is Mumbai's Real Estate Market Experiencing Its Best November Since 2013?
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Synopsis
Mumbai's real estate market has recorded its best November since 2013, with a 20% increase in property registrations and a 12% rise in stamp duty revenue. This surge reflects a strong demand for residential properties and confidence in the market, indicating a promising outlook for the city's real estate sector.
Key Takeaways
- Mumbai records strongest November since 2013.
- Property registrations increased by 20% year-on-year.
- Stamp duty collections rose by 12% to Rs 1,038 crore.
- Demand for higher-priced homes is on the rise.
- Market exhibits strong monthly activity with over 1.35 lakh registrations.
Mumbai, Nov 30 (NationPress) The real estate sector in Mumbai has achieved its most robust November performance since 2013, driven by increasing demand for residential properties and unwavering market confidence, as highlighted in a recent report released on Sunday.
As per Knight Frank India, the city, which encompasses areas under the BMC, recorded 12,219 property registrations in November 2025, reflecting a remarkable 20 percent growth compared to the same month last year.
Stamp duty collections also experienced a 12 percent year-on-year increase, reaching Rs 1,038 crore, indicating persistent buying momentum.
In comparison to the previous month, registrations rose by 5 percent, while stamp duty collections remained consistent.
From January to November 2025, Mumbai noted a total of 1,35,807 property registrations, contributing over Rs 12,224 crore to the state government.
During this timeframe, registrations climbed 5 percent year-on-year, and revenue surged by 11 percent, showcasing the city's resilient real estate activity throughout the year.
Knight Frank India Chairman and Managing Director Shishir Baijal stated that Mumbai's residential market has sustained its vigorous momentum.
He emphasized that the 20 percent annual increase in registrations and the 12 percent rise in revenue signify steady demand across various segments and a noticeable shift towards higher-value homes.
With more than 1.35 lakh registrations over eleven months, Baijal remarked that the market now functions at a structurally elevated level with consistent monthly activity.
He added that the stability in both sales volumes and revenue points to a mature demand cycle and ongoing buyer confidence.
Interest in higher-priced homes continued to escalate in November. Properties valued above Rs 5 crore constituted 7 percent of total registrations, up from 5 percent a year ago.
Conversely, the proportion of homes priced below Rs 1 crore diminished due to affordability challenges. The mid-range segment of Rs 2–5 crore remained stable, while homes valued between Rs 1 crore and Rs 2 crore increased their share from 31 percent in 2024 to 33 percent in 2025.
Point of View
It's vital to recognize that such developments indicate a shift toward higher-value homes, reflecting the evolving landscape of urban real estate. This trend, if sustained, could reshape the market dynamics in the coming months.
NationPress
30/11/2025
Frequently Asked Questions
What contributed to the increase in property registrations in Mumbai?
The increase in property registrations in Mumbai is attributed to rising demand for residential properties and steady market confidence.
How much did stamp duty collections rise in November 2025?
Stamp duty collections rose by 12 percent year-on-year, reaching Rs 1,038 crore in November 2025.
What was the total number of property registrations from January to November 2025?
From January to November 2025, Mumbai recorded a total of 1,35,807 property registrations.
What percentage of registrations were for properties priced above Rs 5 crore?
Properties priced above Rs 5 crore accounted for 7 percent of the total registrations in November.
What does the growth in the mid-range segment indicate?
The stability in the mid-range segment of Rs 2–5 crore indicates consistent buyer demand and market resilience.
