Mumbai and suburbs saw property registrations of 150254, a 14 year high for the city. The registrations generated a revenue of Rs 13487 crore which is also 14 year high, Knight Frank said on Wednesday
In December 2025, 14,447 properties were registered, contributing Rs 1,263 crore to the state exchequer, translating into 16% YoY increase in registrations and an 11% YoY rise in stamp duty collections, the consultant said..
On a sequential basis, December registrations surged 18% month-on-month (MoM), while stamp duty revenues climbed sharply by 22% MoM. Notably, December emerged as the second-strongest month of the year, surpassed only by March, when monthly registrations crossed the 15,000-mark, Knight Frank said. Residential properties accounted for 80% of total registrations in December.
Luxury Segment Gains Ground
Registration momentum in Mumbai continues to tilt toward the higher price brackets, Knight Frank said. Homes priced above Rs 5 crore accounted for 7% of total registrations in December 2025, up from 6% a year earlier, reflecting demand in the luxury segment. Meanwhile, the less than Rs 1 crore range saw its share decline as affordability challenges weighed on buyer sentiment in this bracket. The Rs 2–5 crore range remained stable, while the share of properties worth Rs 1 to 2 crore increased from 30% in 2024 to 32% in 2025.
Properties up to 1,000 sq ft continue to lead in registrations in December 2025, the consultant said.
Change in preferences
Units up to 1,000 sq ft contributed 82% of all registrations, in-line to last year. The 500–1,000 sq ft segment was the most preferred, striking a balance between affordability and usable space for end-users. Larger homes retained a niche buyer base, with 1,000–2,000 sq ft units edging up to 15% and share of apartments above 2,000 sq ft stood at 3%, it said.
Shishir Baijal, international partner, chairman & managing director, Knight Frank India, said “This milestone (14 year high) is a strong indicator of the underlying resilience and depth of the market, driven by sustained end-user demand and a far more supportive supply-side ecosystem”
Baijal said rising stamp duty collections reflect a gradual improvement in per unit transaction values. This strength is reinforced by a significant improvement in affordability, with Mumbai now at 47%, a sharp correction from levels where EMIs once consumed as much as 97% of household income.” This shift clearly demonstrates that, at the right price points and with the right product offerings, homebuyers in Mumbai are both willing and able to commit capital.” he said.