New Delhi, July 31 (NationPress) The region of Mumbai, which falls under the jurisdiction of the BMC, recorded sales of 12,366 properties in July 2025, generating Rs 1,101 crore for Maharashtra's coffers, as per a report released on Thursday.

According to Knight Frank India, "The growth in property registrations has remained relatively flat, while stamp duty collections saw a 3 percent year-on-year increase, primarily driven by a rise in high-value transactions."

When comparing month-on-month (MoM) figures, property registrations increased by 7 percent year-on-year, with stamp duty collections rising by 6 percent, the report detailed.

The residential sector continues to propel the market, as 80 percent of all registrations in July were for residential properties.

For the year-to-date (YTD), Mumbai has recorded over 88,426 property registrations from January to July, reflecting a 4 percent increase year-on-year, the report highlighted.

Revenue derived from these registrations surged by 13 percent year-on-year, totaling Rs 7,832 crores, with both metrics achieving their highest performance since 2013 for the January-July period.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, stated, "The residential market in Mumbai continues to exhibit strong buyer confidence, with monthly registrations consistently exceeding 12,000 in the residential sector."

While there has been a slight dip in demand for mid-range properties, the demand for larger homes and properties priced above Rs 5 crore remains robust, bolstering healthy revenue collections, he added.

The trend in property registrations continues to favor the higher price segments.

The report indicated that the share of registrations for properties priced above Rs 5 crore increased from 5 percent in July 2024 to 6 percent in July 2025.

Conversely, the mid-market segment—particularly properties priced between Rs 1 crore and Rs 5 crores—saw a decrease in their overall contribution to total registrations, according to the report.

Furthermore, apartments up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in July 2025, accounting for 82 percent of all transactions, remaining stable compared to 83 percent in July 2024.

Among these, the 500–1,000 sq ft segment remained the most favored.

Larger apartments also retained their presence, with units sized 1,000–2,000 sq ft rising by a percentage to 14 percent, while those exceeding 2,000 sq ft held steady at 3 percent, as stated in the report.