Mumbai: South Mumbai’s once-unshakable grip on the city’s real estate market appears to be loosening. In July 2025, the southern tip of the city contributed just 6% of all property registrations, slipping from 8% recorded in the same month last year, according to data released by the Maharashtra Department of Registrations and Stamps (IGR).
In contrast, the Western and Central Suburbs collectively accounted for a staggering 88% of registrations—an uptick from 86% a year ago. Western Suburbs alone contributed 57%, while Central Suburbs added 31%, reinforcing the migration of buyer interest away from South Mumbai’s premium pockets.
Registrations Hold Steady, Stamp Duty Revenue Climbs
Mumbai registered 12,366 properties in July 2025, a marginal 0.1% dip from 12,373 units in July 2024. However, on a month-on-month basis, registrations rose by 7% from 11,599 units in June 2025.
Stamp duty collections continued to rise, climbing 3% year-on-year from ₹1,064 crore in July 2024 to ₹1,101 crore in July 2025.
Premium Properties Gain Momentum
The report by Knight Frank India revealed a growing tilt towards high-value transactions. Properties priced above ₹5 crore accounted for 6% of all registrations, up from 5% in July last year. Meanwhile, mid-segment homes priced between ₹1 crore and ₹5 crore saw a dip in their contribution.
Compact Homes Continue to Lead
Apartments up to 1,000 sq ft remained the most transacted, accounting for 82% of all residential registrations, similar to last year’s 83%. Units between 500–1,000 sq ft were the most popular, while homes sized 1,000–2,000 sq ft made up 14% of the market. Larger apartments above 2,000 sq ft held steady at 3%.
Strong Year-To-Date Growth
From January to July 2025, Mumbai recorded 88,426 registrations, a 4% YoY increase. Revenue from these transactions surged by 13% to ₹7,832 crore, the strongest Jan–July performance since 2013.
