Mumbai’s residential property market delivered its strongest performance in over a decade in 2025, with registrations crossing the 1.50 lakh mark, signalling sustained end-user demand despite affordability challenges and broader economic uncertainty. The surge highlights the city’s enduring appeal as both a consumption and investment market, even as buyers become more selective about pricing, location and product quality.
Official data from Maharashtra’s registration authorities shows that 150,254 properties were registered during the calendar year, representing a six per cent rise over the previous year. Stamp duty collections climbed even faster, growing by 11 per cent to Rs 13,487 crore, indicating a steady improvement in transaction values rather than volume alone. Industry analysts say this reflects a maturing market where price discipline and buyer confidence are increasingly aligned. Momentum strengthened towards the year-end. December alone recorded over 14,400 registrations, marking a sharp month-on-month increase, while stamp duty revenue also rose significantly. According to property consultants, this reflects a combination of festive-period buying, improved financing conditions and greater certainty among salaried households after several volatile years. Residential assets continued to dominate activity, accounting for nearly four-fifths of all registrations. Non-residential transactions made up the remainder, underlining Mumbai’s status as a primarily end-user-driven housing market rather than a speculative one. “The depth of demand is evident in how consistently registrations have held up across market cycles,” said a senior housing market analyst. “What is changing is the type of homes buyers are willing to commit to.” Data indicates a gradual shift towards higher-value homes. Properties priced above Rs 5 crore increased their share of registrations, reflecting sustained interest in premium and luxury segments, particularly in well-connected suburban locations.
Meanwhile, homes priced below Rs 1 crore saw a relative decline, pointing to affordability pressures for first-time buyers amid rising construction costs and land prices. Apartment size preferences remained largely unchanged. Homes measuring up to 1,000 sq ft accounted for more than four-fifths of registrations, suggesting buyers continue to prioritise functional, efficient layouts over sheer size. Larger homes retained niche demand, largely from upgrading households seeking better amenities rather than speculative gains. Geographically, suburban markets continued to anchor Mumbai’s housing activity. Western and Central suburbs together accounted for the vast majority of registrations, while South Mumbai maintained a smaller but stable share. Urban planners note that infrastructure upgrades, redevelopment projects and improved public transport connectivity have reinforced the suburbs as centres of sustainable urban growth.
Looking ahead, experts believe Mumbai’s housing market will remain resilient, provided supply remains aligned with genuine demand. “The next phase of growth must focus on inclusive housing choices, climate-resilient construction and transit-oriented development,” said an urban policy expert. Such an approach, they argue, will ensure Mumbai’s growth remains equitable while supporting long-term environmental and economic sustainability.
Also Read:
Mumbai Property Market Clocks Strong Registration Growth 2025
