The year-end momentum remained exceptionally strong. December 2025 alone saw 14,447 properties registered – a 16% jump from December 2024 – contributing INR 1,263 crore to state revenue. On a month-on-month basis, registrations rose 18% and stamp duty collections surged 22%, making December the second-highest month of the year after March.

Residential properties accounted for 80% of December’s registrations, underlining sustained end-user demand. Experts attribute the robust performance to improved affordability, better supply of quality housing, and major infrastructure projects enhancing connectivity.

Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, said: “2025 marked a steady and mature phase for Mumbai’s housing market, with property registrations crossing 1.50 lakh – the highest level seen in the last 14 years. This milestone reflects the underlying resilience and depth of the market, driven by sustained end-user demand and a far more supportive supply-side ecosystem. Rising stamp duty collections indicate gradual improvement in per-unit transaction values, while affordability has improved significantly – Mumbai is now at 47%, a sharp correction from earlier levels where EMIs consumed up to 97% of household income.”

Annual Property Registrations & Stamp Duty Collections (2013–2025)

Source: Maharashtra Govt – Dept. of Registrations and Stamps (IGR); Knight Frank India

Monthly Registrations & Stamp Duty – 2025

December 2025 numbers forecasted based on per-day run rate Source: Maharashtra Govt – Dept. of Registrations and Stamps (IGR); Knight Frank Research

Ticket Size Category – December 2024 vs December 2025

Apartment Size Breakdown – December 2024 vs December 2025

Micro-Market Share – December 2024 vs December 2025

With Western and Central Suburbs together accounting for 86% of December registrations, suburban areas continue to drive the market. The shift toward higher price brackets and larger units in the 500–1,000 sq ft range signals strong demand for quality, well-connected homes.

As Mumbai heads into 2026 with improved affordability and ongoing infrastructure development, the market is well-positioned for continued growth.

Also Read: Mumbai Property Registrations Down 11% MoM in Aug 2025; Stamp Duty Revenue Slips 19% to ₹1,000 Cr

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Suburbs Lead the Transformation

The suburban corridors are dominating the redevelopment wave. Since 2020, 910 housing societies have signed development agreements, unlocking 326.8 acres (1.32 million sq m) of potential land area.

Out of these, Western Suburbs accounted for 633 societies (70%), followed by the Central Suburbs with 234 societies, pushing the suburban contribution to nearly 96% of total agreements.

Estimated Future Supply of New Homes

Note: Supply-side estimates; do not factor in launch velocity, financing, or phasing.

The Western Suburbs, spanning Bandra to Borivali, will absorb the bulk of activity with 73% of total new housing supply, while South Mumbai will see only 416 new units.

Government Revenue Potential

The state exchequer is set to benefit substantially from this wave of redevelopment. Over the next five years, the government is projected to earn:

• ₹6,500 crore from the sale of free-sale components
• ₹7,830 crore from stamp duty
• ₹6,525 crore from GST collections

Small Plots Dominate, Larger Deals Emerging

Redevelopment activity remains largely concentrated in small plots. Over 80% of societies that signed deals since 2020 had a plot size of less than 0.49 acres.

Redevelopment Deals by Plot Size (2020–2025)

Despite the dominance of small societies, the average deal size has been growing steadily, signalling the rise of larger clusters and better land aggregation efforts.

Long Timelines and Risks

Redevelopment remains a long-cycle process, typically stretching 8–11 years from ideation to handover. Projects face risks from changing market cycles, regulatory hurdles, and financing challenges.

Typical Redevelopment Timeline

Market Outlook

Experts caution that redevelopment economics must balance developer sustainability and society expectations. In markets priced below ₹40,000 per sq. ft., developers should share no more than 30–35% of the area with societies. This share may rise to 35–40% in mid-priced zones, and up to 50% in premium locations above ₹75,000 per sq. ft.

Without financial discipline, projects risk stalling, leaving both developers and homeowners exposed.

The Road Ahead

With 910 societies already in motion and a pipeline of over 44,000 new homes, Mumbai’s redevelopment push is poised to define the city’s next housing cycle. The success of this transformation will depend on policy support, sound financial structuring, and timely consensus among stakeholders.

Also Read: Sonu Sood Sells Mahalaxmi Apartment for ₹8.10 Crore

The post Mumbai Redevelopment to Unlock 44,000+ Homes Worth ₹1.3 Trillion by 2030 appeared first on Square Feat India.

Mumbai’s property market demonstrated continued strength in August 2025, recording over 11,000 property registrations, according to data from Knight Frank India. The city, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, saw 11,230 registrations for the month. This represents a marginal 3% year-on-year (YoY) decrease from 11,631 registrations in August 2024. Month-on-month (MoM), registrations fell by 11% from 12,579 in July 2025.

Stamp duty collections for August 2025 totaled ₹1,000 crore, a 6% YoY decline from ₹1,062 crore in August of the previous year.

Residential and Compact Homes Lead the Way

Residential transactions remained the driving force, accounting for 80% of all registrations in August. The demand for compact apartments was particularly high, with units up to 1,000 sq ft making up 85% of registrations. The 500–1,000 sq ft segment was the most popular, reflecting a balance between affordability and usable space. Larger apartments also held their appeal, with the 1,000–2,000 sq ft category seeing a rise to 13% of transactions. Homes above 2,000 sq ft remained stable at 3%.

Luxury Market Sees an Uptick

Knight Frank’s analysis points to a steady increase in demand for premium housing. Homes priced above ₹5 crore constituted 6% of registrations, up from 5% a year ago. Conversely, the mid-market segment of ₹1–5 crore experienced a marginal dip, with the ₹2–5 crore range falling by 3%. Analysts suggest this may be a temporary correction.

Suburbs Remain Epicenter of Activity

The Western and Central suburbs were the primary hubs of demand, contributing a combined 86% of total registrations in August. The Western Suburbs led with a 54% share, followed by the Central Suburbs at 32%. South Mumbai’s share remained consistent at 7%, while Central Mumbai’s share dropped to 7% from 11% in August 2024.

Robust Year-to-Date Performance

From January to August 2025, Mumbai recorded over 99,869 property registrations, generating ₹8,854 crore in stamp duty revenue. This marks a 3% YoY increase in registrations and an 11% rise in revenue, underscoring sustained buyer confidence.

With monthly registrations consistently exceeding 11,000 this year, experts anticipate Mumbai will surpass the 1 lakh registration milestone for 2025, cementing its position as India’s most active property market.

Industry Leaders on Market Outlook

The market’s performance signals a resilient housing demand, driven by end-user activity and long-term confidence in real estate as an asset class. The rising share of luxury housing indicates an aspiration-driven market, while compact homes continue to form the foundation of sales. Infrastructure projects are expected to further boost demand across various segments. The close proximity to the 1 lakh registration mark for the year demonstrates the sector’s strength and diversification in demand.

Also Read: Mumbai’s Real Estate Market Shows Signs of Stagnation as Property Registrations Plateau

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Mumbai’s real estate market continued to perform robustly in July 2025, clocking 12,579 property registrations, which generated ₹1,123 crore in stamp duty and related revenues for the state. Despite global economic headwinds, the market has shown sustained strength and end-user demand.

Rise in High-Value Property Sales

While mid-income housing (₹1–₹5 crore) saw a marginal dip in share, luxury transactions above ₹5 crore grew to 6%of total registrations in July. This shift points to growing affluence and a rising appetite for premium properties among Mumbai homebuyers.

Compact Homes Still in Demand

Apartments measuring up to 1,000 sq ft accounted for 82% of all transactions, showing that compact, efficient homes remain the top choice for nuclear families and professionals seeking urban convenience.

Western & Central Suburbs Dominate

The Western and Central Suburbs remained the most active zones, together contributing 88% of all registrations. The Western Suburbs alone made up 57%, reaffirming their status as the epicentre of Mumbai’s property market. Meanwhile, South Mumbai’s share dropped to just 6%, indicating a shift in buyer preference away from legacy premium areas.

Infra Push Fuelling Demand

Industry leaders credit the ongoing infrastructure push—like Metro lines, the Coastal Road, and lifestyle upgrades—as key drivers of this sustained market buoyancy. These upgrades are not only enhancing connectivity but also increasing the attractiveness of suburban micro-markets.

What Industry Leaders Say

• The market’s performance shows strong end-user demand and growing confidence in real estate as a long-term asset.
• The rise in luxury segment sales highlights renewed investor interest and upward aspirations of urban homebuyers.
• Suburban areas are leading due to modern amenities, better affordability, and strong connectivity.
• There’s a balanced demand pattern—value-driven compact homes co-exist with aspirational high-end housing.

Summary

Mumbai’s housing market in July 2025 reflected a healthy blend of affordability and aspiration, with compact homes continuing to dominate, and luxury housing making steady gains. The market’s resilience, backed by infrastructure growth and evolving buyer preferences, signals a positive outlook for the rest of the year.

Also Read: Mumbai property registrations rise 12% YoY in June 2024

The post Mumbai Property Market Shows Strong Momentum in July 2025, Luxury Segment Gains Traction appeared first on Square Feat India.

The project will include four 44-storey towers and a signature 60-storey tower, alongside a dedicated retail component, covering an estimated 12 lakh sq. ft. of RERA carpet area. Residences will include 2, 3, and 4 BHK apartments, ranging from 800 to 1,600 sq. ft., designed to meet the evolving needs of premium homebuyers.

Speaking on the development, Mr. Ashwin Sheth, Chairman and Managing Director of Ashwin Sheth Group, said:

“This strategic acquisition from MHADA represents a milestone in our expansion strategy. Goregaon West has emerged as one of Mumbai’s most promising residential destinations, and securing this prime 4.05-acre parcel positions us to deliver a world-class development that will set new standards for premium living in the western suburbs.”

Strategic Location and Market Relevance

Located in Siddharth Nagar, the project enjoys excellent connectivity to Mumbai’s key commercial zones, entertainment hubs, and infrastructure networks including the Western Express Highway, Link Road, and metro lines. The area is witnessing rapid appreciation in property values, driven by infrastructure upgrades and increasing demand from both end-users and investors.

This development reinforces Ashwin Sheth Group’s growing footprint in Mumbai and highlights its focus on the premium residential segment. With luxury housing in high demand across the city’s western corridor, this project is poised to become a landmark in Goregaon West.

Also Read: Ashwin Sheth Group Files FIR Against Reputed Developer Alleging ₹700 Crore Fraud

The post Ashwin Sheth Group Acquires MHADA Land in Goregaon West for ₹3,800 Cr Premium Residential Project appeared first on Square Feat India.

The development that the western suburbs of Mumbai have seen over the last two decades has been commendable in terms of residential growth, physical infrastructure, commercial hubs, and social infrastructure. It remained the most preferred real estate market contributing to more than half of the property registrations in the year 2023 so far. According to recent data analyzed by Knight Frank India, the western suburbs accounted for 58% of the sales registration in January 2023, 57% in February 2023, 62% in March 2023 and 54% in April 2023.

Micro-market-wise breakup

This comes further to newly launched metro connectivity across the region making it one of the most sought after residential destinations in Mumbai. Due to its excellent connectivity and social infrastructure, this region has attracted large commercial and IT businesses, which has further increased demand for residential housing here. 

Commenting on the development of the western suburbs, Vivek Mohanani – Managing Director & CEO, Ekta World said, “The western suburbs have become the first choice for the new-home buyers and investors, as it has seen an unprecedented growth in the past few years. The newly operational metro lines have completely changed the dynamics of the region. Within no time it has emerged as the residential hot-spot of Mumbai due to the proximity it offers with the corporate sector as well as the entertainment sector. Due to its seamless connectivity and easy accessibility, the western suburban region is a uniquely-positioned hub which extends convenience to the working professionals. Locations such as Goregaon, Malad, Khar, Santacruz, etc have witnessed an overall economic growth in the last decade that has attracted many new commercial as well as residential projects in the region.” 

Speaking on the rising demand for property in the region, Umesh Jandial, Chief Business Officer, Omkar Realtors & Developers said, “The western suburbs is strategically located with well developed conveniences and comforts; therefore is the most preferred choice of modern homebuyers. This belt as a micro market is holding strong on rental yield and ROI factor. The projects here offer ease of commute to business districts like BKC and therefore this location is witnessing premium quotient and strong demand. The location is also in close proximity to Western Express Highway, Metro lines, upcoming Coastal Road along with excellent connectivity to the airport; it provides easy accessibility to various parts of the city. The region also enjoys an established social infrastructure with schools, hospitals and other lifestyle avenues. The newly launched Metro Lines 2A and 7 after getting operational have improved connectivity and enhanced ease of travel for commuters. This has resulted in an increase in demand and price appreciation for residential housing in the western suburbs especially in the Malad–Goregaon region.”

According to a report by real estate data and analytics firm PropEquity, Mumbai’s western suburbs made up the bulk of the demand, which outweighed new launches. In terms of new launches, the city experienced a 26 percent increase in 2022 at 46,900 units compared to the preceding year.

Opining about the real estate growth in the area, Himanshu Jain, VP – Sales, Marketing & CRM, Satellite Developers Pvt. Ltd. said, “The region offers the homebuyers with a mix of affordable as well as luxurious properties. The region is one of the most prominent residential and commercial hubs that most property buyers are now moving towards. The suburb has seen growth in not just residential development but also in commercial development with few corporates choosing it as their new headquarters which is the foremost reason it has witnessed a realty boom in the last few years. Also, owning a house near to the workplace is a dream for the homebuyers especially millennials due to the hustle of traffic. Therefore due to the commercial advantage, many developers are coming up with projects in this region that intend to reduce the office travelling to zilch. Nowadays, homebuyers too prefer to stay in studio apartments or compact homes if it is in the vicinity of their respective workspace which also allows them to spend quality time with their family.”

The western suburbs have opened up a world of opportunities for buyers looking for top-notch amenities and to reap maximum benefits from their investments.

Also Read: TATA HOUSING ACHIEVES HIGHEST EVER ANNUAL RESIDENTIAL SALES

The post Western Suburbs of Mumbai dominate home sales in 2023 appeared first on Square Feat India.

Last week a deal took place in Mumbai’s Western suburbs, this deal was worth ₹100 crore.

According to documents accessed by SquareFeatIndia, a unit located on the ground floor of building named Vini Elegance was sold for ₹100 crore.

So who is the buyer of this ₹100 crore property. Documents reveal that the buyer is Titan Company Ltd.

The seller is Nipun Thakkar, and the total area of the shop is 1815.93 Sq Mt.

The deal was signed on May 18, 2023, a stamp duty of ₹6 crore was paid for the registration of the deal.

Also Read: Realty Deal of Rs 539.83 Cr in Andheri

The post A ₹100 crore deal In Mumbai Suburbs appeared first on Square Feat India.

By Varun Singh

Mumbai Metropolitan Region (MMR) sold a total of 18,012 units in the last quarter of the financial year 2020-21.

While almost all the areas in MMR witnessed a growth in sales, one specific area sold maximum number of units.

MMR as per a report of Liases Foras a real estate research firm is divided in eight zones or areas.

They are Island city, Central suburbs, Western suburbs, Thane, Navi Mumbai, Central suburbs extended, Western suburbs extended, and Panvel.

In Q4 2020-21 Island city saw a sales of 631 units, at the same time, Central suburbs saw a sales of 2,193 units and Western suburbs witnessed 2,951 sales.

Thane saw sales of 2,128 units, New Mumbai had 1,885 sales, Western Suburbs extended saw a total sales of 2,007 units, while Panvel witnessed a sales of 539 units.

The most number of sales in entire MMR was registered in Central suburbs extended, a total of 5,678 units.

In terms of unsold stocks Central suburbs extended has the highest number of unsold stocks in MMR. Central suburbs extended has a total of 77,095 unsold units.

Island city has 16,673 units, Western suburbs has 43,735 unsold units, Central suburbs has 48,521 unsold units. Thane, New Mumbai, Western extended sububrs and Panvel has 27,520, 18,511, 40,182 and 14,755 unsold units respectively.

QoQ
• Sales increased Central Suburb by 54%, followed by western
suburb (53%), Thane (51%), Island City (35%), and Centra
Suburb Extended (17%).
• Sales decreased in Panvel by 19%, followed by Western Suburb
Extended (-9%).
• Unsold stock reduced 7% in New Mumbai, followed by Thane
(5%), Central Suburb Extended (3%), and Panvel (2%).
• The unsold stock increased in Western Suburb (4%) and 3%
each in Central Suburb and Western Suburb Extended.

YoY
• Sales increased maximum in Western Suburb (38%) and Central
Suburb (30%) followed by Thane (16%) while it decreased
maximum in Panvel by 38% and Western Suburb Extended by
15%.

Overall India, the eight major cities saw a sales of 69,697 units in the last quarter of 2020-21. Here MMR recorded the highest sales with 18,012 units, while Pune followed with sales of 12,950 units.

Ahmedabad recorded 6,990 sales, Bangalore saw 9,997 sales,Chennai recorded 3,621 sales, Hyderabad saw a total of 5,943 sales, Kolkata saw 3,054 sales, while NCR recorded a total of 9,130 sales.

QoQ
• Tier I cities had recorded sales of 69,697 units in the Mar quarter (Q4 FY 20-21) which is a 32% growth compared to last quarter when the sales were 52,727 units.
• Sales across the Tier I cities have increased by 32%, with all cities showcasing an upward movement.
• Sales witnessed maximum recovery in Bangalore by 72%, followed by NCR (46%), Chennai (40%), Hyderabad (33%), Pune (30%), MMR (20%), and Kolkata (16%).
• Sales increased minimum in Ahmedabad by15%

YoY
• Overall sales across tier I cities increased by 9%.
• Sales in Chennai witnessed maximum growth of 31% on YoY, followed by Pune (24%), Bangalore (19%), Hyderabad (18%), and MMR(7%).
• NCR witnessed the maximum decline (8%), Ahmedabad (7%), and Kolkata (2%).

Also Read: MMR Homebuyers Prefer Smaller Homes: Report

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