Mumbai, October 31 (NationPress) is expected to witness around 11,200 property registrations in October 2025, with stamp duty collections projected to be Rs 1,004 crore, according to a report released on Friday.

Year-to-date as of October, property registrations have shown a 4% year-on-year (YoY) increase, while the revenue surged by 11% YoY during the same timeframe, driven by strong buyer confidence, as noted by the real estate services firm Knight Frank.

However, a 14% decrease in registrations and a 17% decline in revenue are anticipated for October compared to the previous year, attributed to a high base effect and changes in the festive calendar.

Despite being lower than the previous year, the figures remain commendably above the 11,000 level, as reported by the firm.

Residential transactions made up approximately 80% of total registrations for the month.

Up until October 2025, Mumbai has seen over 1,23,141 property registrations, contributing more than Rs 11,151 crores to the state's revenue during this period.

“The housing market in Mumbai continues to exhibit depth and stability throughout 2025. While October showed a moderation compared to last year's festive high, the city still surpassed 11,000 registrations, reflecting a robust underlying demand,” stated Shishir Baijal, Chairman & Managing Director of Knight Frank India.

“This market demonstrates structural strength backed by steady end-user demand. The decline in year-on-year growth is primarily due to timing of festivities rather than a genuine market correction, showcasing the consistency and maturity of demand across various segments,” Baijal added.

Homes priced below Rs 1 crore dominated the market, increasing their share to 48% from 45% the previous year. The Rs 1–2 crore segment remained stable at 31%, whereas the Rs 2–5 crore category saw a slight drop to 16%.

Transactions above Rs 5 crore stayed unchanged at 6%, indicating persistent but limited activity in the luxury segment, as noted in the report.