Mumbai Sees Surge In Property Deals, Stamp Duty Revenue Crosses ₹1,100 Crore

Mumbai: Mumbai’s property market showed no signs of slowing down in July, registering 12,479 conveyance deeds across the city and suburbs under the Brihanmumbai Municipal Corporation (BMC). The registrations generated Rs 1,116 crore in revenue through stamp duty and registration charges, underscoring continued buyer confidence despite macroeconomic headwinds.

The figures mark a steady rise from June, which saw 11,598 registrations, and slightly surpass last July’s tally of 12,373 deeds that brought in Rs 1,064 crore.

According to data from real estate consultancy Knight Frank India, apartments measuring up to 1,000 sq ft continued to dominate sales, accounting for 82% of all residential transactions in July 2025. While mid-income housing (Rs 1 crore–5 crore) saw a small dip in market share, high-value transactions—those above Rs 5 crore—rose to make up 6% of total registrations, signaling renewed interest in Mumbai’s luxury housing market.

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Experts attribute the steady performance to strong end-user demand and improving infrastructure.

“Despite interest rate fluctuations and global economic uncertainty, Mumbai’s property market has remained remarkably resilient,” said Prashant Sharma, President, NAREDCO Maharashtra. “The consistent registration numbers reflect long-term confidence in real estate as an asset class.”

Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory, added that the over Rs 1,100 crore in registration revenue highlights sustained structural demand. “As infrastructure upgrades like the Metro and Coastal Road continue to take shape, suburban micro-markets are likely to see further momentum.”

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Echoing this sentiment, Shraddha Kedia-Agarwal, Director at Transcon Developers, pointed to a clear shift in buyer preference. “The fact that 82% of transactions were for homes under 1,000 sq ft indicates that compact, efficient, and well-connected homes remain top choices for urban homebuyers,” she said. “At the same time, the uptick in premium property sales shows that Mumbai continues to attract investment across price segments.”