Mumbai’s real estate market saw one of its strongest months in recent years as November 2025 closed with a major spike in home registrations. According to the latest official data reported by Hindustan Times, this city recorded 12,219 property registrations during the month. This marks a 20% year-on-year rise, making it one of the most active Novembers in over a decade.
Along with the increase in the number of properties registered, stamp duty collections also grew by 12%, reaching ₹1,038 crore for the month. This is a clear sign that real estate activity has remained steady even as the city’s property prices, lifestyle expectations, and market dynamics continue to evolve.
The figures reveal that homebuyers all over Mumbai have been very confident and demand has not weakened. If we compare months too, November 2025 was a bit better than October, thus, the positive trend is rather a continuation than a seasonal spike.
A strong 11-month trend in 2025
November’s excellent performance is part of a larger trend seen throughout the year. From January to November 2025, Mumbai registered more than 1.35 lakh property transactions, contributing over ₹12,224 crore in stamp duty to the state government. Both registration volumes and revenue were higher compared to the same period in 2024.
This clearly indicates that the city is experiencing consistently strong real estate activity. The Hindustan Times report highlights that the November numbers aren’t random, they reflect an overall healthy year for property transactions in Mumbai.
Residential properties dominate registrations
A large part of the rise in registrations came from the residential segment, most property buyers in Mumbai continue to invest in homes for long-term personal use rather than speculation. This makes the market more stable and less prone to sudden fluctuations.
Homes priced across different budget brackets saw activity, but the report notes some interesting trends:
- Homes priced above ₹5 crore made up a slightly larger share of registrations than the previous year.
- The ₹1 crore to ₹2 crore range also grew in share, suggesting strong demand from mid-income and upper-middle-income homebuyers.
- Properties priced below ₹1 crore saw a slight drop in proportion, which could be due to rising prices or limited supply in the affordable housing segment.
These shifts show that buyers are gradually moving toward slightly higher-value homes as family needs, preferences and aspirations grow.
Compact homes are still the most popular
While some segments are moving upward in size and value, compact homes remain Mumbai’s favourite choice. Apartments measuring up to 1,000 sq ft made up around 84% of all homes registered in November 2025.
This continues to reflect the ground reality of urban living in Mumbai, where compact and practical homes remain the best match for most households balancing affordability, convenience and location.
At the same time, demand for slightly larger apartments also grew:
- Homes sized 1,000–2,000 sq ft increased to 13% share.
- Units above 2,000 sq ft, though small in number, also recorded a modest rise.
This points to a steady but slow shift as families look for more space, especially after lifestyle changes seen in recent years.
Suburbs continue to drive mumbai’s housing demand
The Hindustan Times report highlights an important geographical trend: suburban areas accounted for the bulk of property activity.
- The Western Suburbs led with the highest share of registrations.
- The Central Suburbs followed closely, also showing strong demand.
- South Mumbai and Central Mumbai contributed smaller shares of total deals.
This clearly shows that homebuyers are prioritizing areas that offer better value and more modern housing options. Suburban corridors also benefit from improved connectivity through new metro lines, highways and infrastructure upgrades, making them attractive to end-users as well as investors.
Why are buyers returning strongly?
The robust performance of November 2025 indicates that Mumbai’s real estate market is operating from a stronger base than in previous years. Several factors may be driving this trend:
- Steady home-loan interest rates are helping buyers plan confidently
- More ready-to-move and near-completion projects
- Improved economic activity and income stability in the city
- Growing preference for home ownership among working families
- Better infrastructure connecting major suburban micro-markets
All these elements combine to create a market where both sentiment and activity appear strong.
Looking ahead
If the current momentum continues, Mumbai may see even stronger numbers in 2026. Developers may respond with new launches, especially in mid-income and premium categories, and suburbs will likely remain the biggest contributors to the market.
The November numbers also show that despite price pressures in some pockets, Mumbai’s real estate market remains resilient, driven mostly by genuine homebuyers rather than short-term investors.
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Disclaimer – This article is for general informational purposes only. It is not financial or property advice. Readers should verify details independently before making any real estate-related decisions.
Source – Hindustan Times
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