Mumbai's Real Estate Market Sees Robust Growth with 1.11 Lakh Property Registrations in 2025
Mumbai's real estate market has shown significant growth, with 1,11,388 property registrations recorded between January and September 2025, up 5.5% from the same period last year.
Mumbai Real EstateProperty RegistrationsReal Estate MarketAnarock GroupEconomic RecoveryReal Estate NewsSep 30, 2025
According to the latest Inspector General of Registration (IGR) data, 2025 is setting new benchmarks in both property registrations and government revenues, underlining the sector’s resilience and growing significance in India’s economy. 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, as highlighted in Anarock Group's latest report.
Meanwhile, the stamp duty and registration fee collections mirrored this surge in registrations. In the first nine months of this year, revenues touched a record Rs 10,094.22 crore, surpassing the previous high of Rs 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 (Rs 1,937.32 crore) during the pandemic slump.
“This 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 Rs 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,” said Anuj Puri, Chairman of Anarock Group.
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, he added.
The IGR data underscore the real estate sector’s remarkable recovery over the past few years. In 2019-2020, registrations and revenues dipped sharply due to the pandemic. In 2021, market revival began with 86,072 registrations and revenues exceeding Rs 4,252 crore. The growth continued in 2022 as revenues crossed the Rs 6,600 crore mark, up 55% from 2021. Further, between 2023 and 2025, the market not only stabilized but surged, breaking records.
Frequently Asked Questions
What is the current trend in Mumbai's real estate market?
Mumbai's real estate market has shown robust growth, with 1,11,388 property registrations recorded between January and September 2025, up 5.5% from the same period last year.
How do the 2025 property registrations compare to pre-pandemic levels?
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.
What factors are driving the growth in the real estate market?
The growth is due to a combination of robust housing demand, accelerated infrastructure development, premium project launches, and stable policy frameworks.
How have government revenues from stamp duty and registration fees changed?
In the first nine months of 2025, revenues touched a record Rs 10,094.22 crore, surpassing the previous high of Rs 8,876.42 crore in 2024, representing a 13.7% increase year-on-year.
What does the future look like for Mumbai's real estate market?
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.
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