Mumbai’s property market saw a sharp surge in November 2025. The city recorded 12,219 registrations. This marked a strong 20 percent rise when compared with last year. It was also the highest November total since 2013. Moreover, stamp duty collections rose 12 percent to ₹1,038 crore, according to Maharashtra IGR data.
Residential sales drove most of the activity. They formed nearly 80 percent of all registrations. Knight Frank noted steady demand across major micro markets.
With this, Mumbai crossed 135,807 registrations between January and November 2025. The period saw a 5 percent rise in registrations and an 11 percent increase in state revenue. This signalled firm buyer confidence and stable sales momentum.
Industry leaders highlighted the reasons behind the rise.
Prashant Sharma of NAREDCO Maharashtra said the increase reflects stronger confidence and a clear shift towards good quality, well located homes. He also pointed to stable economic factors and improving affordability. He added that quick approvals and infrastructure led growth will be crucial to sustain the momentum.
Kaushal Agarwal of The Guardians Real Estate Advisory said the residential segment stayed dominant. He said the rise in homes priced above ₹5 crore shows buyers are looking for aspiration, lifestyle upgrades, and long term value. Better connectivity from new infrastructure projects, he said, will deepen demand across emerging micro markets and attract NRIs and long term investors.
Shilpin Tater of Superb Realty said November delivered a landmark outcome. He said resilient sentiment and improving infrastructure are keeping demand strong. He expects the trend to continue into 2026.
Shraddha Kedia Agarwal of Transcon Developers said the numbers show renewed trust among home buyers. She said mid income and premium projects are drawing steady interest. She also noted that buyers want larger homes and more amenities as they seek long term comfort and value.
Dhruman Shah of Ariha Group said the 20 percent rise is a positive sign for the city’s real estate cycle. He said buyers are now placing more weight on value, location, and product strength. He added that developers must stay careful as land and input costs rise, and should balance optimism with quality and timely delivery.
Mumbai’s strong November performance shows a market that remains active and confident. And as new infrastructure connects more parts of the city, the upward trend looks set to continue.
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