Resale Homes Are Now About Half of Mumbai's Registrations: What Buyers and Sellers Should Know

Liases Foras data shows resale makes up roughly half of residential registrations in Mumbai. What that means for pricing, due diligence and selling.

Aerial view of the Worli and Lower Parel residential skyline

Mumbai's home market isn't just new launches. According to Liases Foras analysis of registration data, reported on 19 October 2026, resale homes now account for roughly half of residential registrations in Mumbai City and Mumbai Suburban.

The numbers

Market	Resale share of residential registrations
Mumbai City	About 49% to 52%
Mumbai Suburban	Roughly half
Eight Maharashtra markets combined	About 35%
Pune	About 14% to 15%

Across the eight markets tracked, Liases Foras counted 3,56,922 registrations in January to September 2026, of which 1,24,379 were resale. The analysis covers 2024, 2025 and the first nine months of 2026, using Inspector General of Registration data.

Liases Foras founder Pankaj Kapoor described Mumbai as a mature market where buyers are looking for upgraded homes, and linked part of the resale share to redevelopment.

Why resale is so big in Mumbai

Location. Many established neighbourhoods have little new supply. If you want to live there, resale is often the only route.
Ready to move in. No construction risk and no waiting for possession.
Redevelopment. Members who receive new flats sometimes sell, and buyers who sell an old flat move up.

In a market where half the deals are resale, the paperwork you check matters as much as the price you negotiate.

If you're buying resale

A resale flat comes with history, good and bad. Check it before you pay a token:

Title chain: every earlier agreement, not just the seller's.
Share certificate and the society's records.
Society dues and NOC. The society's transfer fee is capped.
Index II and registration of the seller's purchase. See how to download Index II.
Occupancy certificate. Read the risks of buying without an OC.
TDS. If the seller is an NRI, different rules apply. See buying from an NRI.

If you're selling

Get your papers ready first. Buyers and their lenders will ask for the chain of agreements, the share certificate and society dues status.
Price against registered deals, not asking prices. Index II records give actual transaction values.
Confirm the price in writing before you start showing the flat. See why we ask owners to do this.
NRI sellers: plan TDS and repatriation early. See selling Mumbai property as an NRI.

Frequently asked questions

What share of Mumbai home registrations are resale?

About half in Mumbai City and Mumbai Suburban, per Liases Foras analysis of IGR data reported in October 2026.

Is resale cheaper than new construction?

Not necessarily. It depends on the building, its age and the area. Compare against recent registered deals in the same building or lane.

Related reading

Buying or selling a resale flat in Mumbai? See Live Listings or WhatsApp us.

Sources

Free Press Journal: Resale homes nearly 50% of registrations (Liases Foras)

General information, not legal or investment advice.

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