Mumbai records 11,000 property registrations in August, Western and Central suburbs account for 86%

However, the collection of stamp duty was Rs 1,000 crore, down 6 per cent from Rs 1,062 crore during August last year. Residential transactions ruled the market, representing 80 per cent of registrations. Small homes continued to be in demand, with small units up to 1,000 sq ft constituting 85 per cent of total registrations.

Among this type, the 500-1,000 sq ft unit was most popular, while 1,000-2,000 sq ft apartments increased to 13 per cent of registrations. Larger units greater than 2,000 sq ft remained constant at 3 per cent.

Industry experts noted consistent buyer interest, despite minor fluctuations. “Crossing the 11,000-registration mark consistently every month is a strong indicator of Mumbai’s resilient housing demand,” said Prashant Sharma, president, NAREDCO Maharashtra.

Demand for high-end housing also increased at a gradual pace. Properties above Rs 5 crore accounted for 6 per cent of registrations, from 5 per cent in the previous year. The mid-market segment, valued at Rs 2-5 crore, decreased by a marginal 3 per cent, which experts suspect may be temporary.

The Western and Central suburbs remained key growth areas, together contributing 86 per cent of registrations in August. The Western suburbs led with 54 per cent, while the Central suburbs accounted for 32 per cent. South Mumbai held steady at 7 per cent, whereas Central Mumbai’s share slipped to 7 per cent from 11 per cent a year earlier.

Between January and August 2025, Mumbai registered 99,869 property deals, bringing in Rs 8,854 crore as stamp duty income. This was a 3 per cent increase in registrations and 11 per cent growth in revenue year-on-year, underscoring buyer confidence and stable demand patterns.

Looking forward, analysts said affordability will be the key to maintaining momentum.

“Despite marginal monthly fluctuations, the market has displayed remarkable stability, supported by robust end-user activity and long-term confidence in real estate as an asset class. Going forward, policy support that addresses affordability in the mid-income segment will be crucial to sustaining this momentum and ensuring broader market participation,” said Sharma.

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