Mumbai Property Sales Smash Records in November, Government Revenue Hits ₹12,224 Crore

Mumbai: The country’s financial capital, Mumbai, has witnessed unprecedented growth in property sales, with November breaking all previous records. Strong infrastructure development, improved connectivity, and sustained buyer confidence have fueled this surge, making 2025 a record-setting year for the city’s real estate sector.

Record-Breaking Numbers
According to the latest data from the Inspector General of Registration and Controller of Stamps, Maharashtra, 12,219 property registrations took place in November alone—a 20% increase over last year. Residential properties accounted for 80% of total registrations, with demand particularly high for large and premium homes. The government’s revenue from registration and stamp duties reached ₹1,038 crore, a 12% increase from the previous year.

For the first 11 months of 2025, Mumbai recorded a total of 135,807 property deals, generating ₹12,224 crore in revenue for the state. This represents a 5% increase in registrations and an 11% increase in revenue, signaling robust buyer confidence and a healthy real estate market.

Premium Housing in Demand
Data shows that high-end properties are increasingly popular. Homes priced over ₹5 crore now account for 7% of registrations, up from 5% last year. Mid-range homes priced between ₹1–2 crore rose to 33%, while more affordable properties under ₹1 crore dropped to 42%, reflecting rising prices in the lower segment. Smaller homes under 1,000 sq. ft. still dominate, representing 84% of total registrations, with buyers increasingly seeking apartments in the 500–1,000 sq. ft. range.

Meanwhile, larger apartments are gaining traction. Units between 1,000–2,000 sq. ft. now make up 13%, and those above 2,000 sq. ft. account for 4%, showing a growing preference for spacious, comfortable homes.

Infrastructure Boosts Sales
Shishir Bajaj, CMD of Knight Frank India, noted, “Mumbai’s residential market continues its strong momentum across all segments, with buyers increasingly attracted to higher-priced homes. Both volume and revenue trends reflect a mature demand cycle and sustained buyer confidence.”

Chintan Sheth, CMD of Sheth Realty, added, “Large-scale infrastructure projects are improving connectivity and opening new growth corridors in the city. Coupled with lower mortgage rates, this is boosting buyer confidence and driving property sales. The market’s consistent growth reflects a healthy, thriving environment.”

Hotspots of Growth
Western and Central suburbs remain the most active areas, accounting for 85% of total registrations. Western suburbs lead with 56%, Central suburbs 29%, South Mumbai 9%, while Central Mumbai dropped slightly to 6%.

With infrastructure development, premium housing demand, and consistent buyer confidence, Mumbai’s real estate sector is set for a record-breaking year, filling the government coffers and reshaping the city’s property landscape.