Mumbai exchequer earns over ₹1,100 crore from duty on property sales in July; South Mumbai demand slips
A view of Mumbai overlooking the Mahim Bay | Shutterstock
Mumbai city under BMC saw a 3 per cent year-on-year jump in property sales in July, according to the latest research. In the month, Mumbai added ₹1,101 crore revenue collection (from stamp duty, et al.) with registered sales of ₹12,366 properties in July, according to industry watcher Knight Frank Research.
“The market continues to be driven by residential demand, with 80 per cent of all registrations in the month attributed to residential properties,” read a statement by Knight Frank Research.
Year-to-date, Mumbai (under BMC) saw registrations of 88,426 properties, rising 4 per cent year-on-year, it said. However, revenue from these registrations soared by 13 per cent, to ₹7,832 crore. “Both metrics recording their strongest performance since 2013 in the Jan-July period,” Knight Frank Research noted.
“Mumbai’s residential market continues to show steady buyer confidence, with monthly registrations consistently crossing the 12,000 mark in residential registrations,” said Knight Frank India Chairman and MD Shishir Baijal, “While there has been some softening in demand for mid-ticket segments, demand for larger homes and properties priced above ₹5 crore remains strong, supporting healthy revenue collections.”
Interestingly, mid-market properties in Mumbai city (₹1 crore to ₹5 crore) dipped in their share of registrations, but those above the ₹5 crore rose to 6 per cent of the overall contribution to total registrations.
“Apartments up to 1,000 sq ft continued to dominate Mumbai’s residential registrations in July 2025, accounting for 82 per cent of all transactions,” noted the research firm.
A significant chunk of the total registrations was from the Western and Central Suburbs. Together, they accounted for 88 per cent of total property registrations in July—the Western Suburbs alone contributing 57 per cent. South Mumbai saw its demand slide, with the overall share of total registrations falling to 6 per cent.
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