Mumbai's Real Estate Market Surges with 1.11 Lakh Property Registrations in 2025
Mumbai's real estate market has seen a significant uptick, recording 1,11,388 property registrations between January and September 2025, marking a 5.5% increase from the same period last year.
Real EstateProperty RegistrationsMumbaiAnarock GroupEconomic RecoveryReal EstateSep 30, 2025
According to the latest Inspector General of Registration (IGR) data, 2025 is setting new benchmarks in both property registrations and government revenues, highlighting 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 of 50,045, marking a 122.6% increase. They are nearly four times the 2020 level of 28,822, representing a 286.6% increase, when the market was deeply impacted by the COVID-19 outbreak, as cited in Anarock Group's latest report.
The stamp duty and registration fee collections have mirrored this surge in registrations. 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. 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.
Anuj Puri, Chairman of Anarock Group, attributed this sustained growth 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,” he said.
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. 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, the market began to revive with 86,072 registrations and revenues exceeding Rs 4,252 crore. The growth continued in 2022, with revenues crossing the Rs 6,600 crore mark, up 55% from 2021. Between 2023-2025, the market not only stabilized but surged, breaking records.
This recovery and growth highlight the resilience and adaptability of Mumbai's real estate market, driven by a combination of favorable economic conditions and proactive government policies. The future looks promising, with continued investments and developments expected to further bolster the sector.
Frequently Asked Questions
What is the current status of Mumbai's real estate market?
Mumbai's real estate market has seen a robust surge in 2025, with 1,11,388 property registrations recorded between January and September, marking a 5.5% increase from the same period last year.
How do the property registrations in 2025 compare to pre-pandemic levels?
Registrations in 2025 are more than double the 2019 level of 50,045, marking a 122.6% increase. They are nearly four times the 2020 level of 28,822, representing a 286.6% increase.
What factors are driving the growth in property registrations and revenues?
The growth is driven by a combination of robust housing demand, accelerated infrastructure development, premium project launches, and stable policy frameworks.
What is the revenue generated from stamp duty and registration fees in 2025?
In the first nine months of 2025, revenues from stamp duty and registration fees touched a record Rs 10,094.22 crore, surpassing the previous high of Rs 8,876.42 crore in 2024.
What does the future look like for Mumbai's real estate market?
The future looks promising, with continued investments and developments expected to further bolster the sector, driven by both end-users and investors.
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