Mumbai’s real estate market has witnessed robust growth, with 1,11,388 property registrations between January and September 2025, up 5.5% from the same period last year. According to the Inspector General of Registration (IGR) data, the market is setting new benchmarks in both property registrations and government revenues.
The January-September registration was up 18.1% from 94,307 in 2023. When compared with pre-pandemic activity, the scale of growth is even more striking. Registrations in 2025 are more than double the 2019 level (50,045, up 122.6%) and nearly four times the 2020 level (28,822, up 286.6%), when the market was deeply impacted by the COVID-19 outbreak.
The stamp duty and registration fee collections mirrored this surge in registrations. In the first nine months of this year, revenues touched a record ₹10,094.22 crore, surpassing the previous high of ₹8,876.42 crore in 2024. This represents a 13.7% increase year-on-year and a dramatic fivefold rise of 421% compared to 2020 (₹1,937.32 crore) during the pandemic slump.
The sustained growth is due to a combination of robust housing demand, accelerated infrastructure development, premium project launches, and stable policy frameworks. With 2025 already surpassing the ₹10,000 crore milestone in just nine months, the year is firmly on track to become the most successful year ever for property registrations and collections.
Key Points:
– 1,11,388 property registrations between January and September 2025
– Record revenue collection of ₹10,094.22 crore
– Growth driven by robust housing demand, infrastructure development, and stable policy frameworks
The sustained performance points toward a structurally stronger real estate market, driven by both end-users and investors, setting the stage for continued expansion in the years ahead, said Anuj Puri, Chairman of Anarock Group.
