Mumbai Property Registrations Rise 32 Percent Stamp Duty Collections Jump 47 Percent

Mumbai’s real estate market recorded a remarkable surge in September 2025, defying the traditional slowdown during the Shradha fortnight. Property registrations across the city rose 32 percent year-on-year to 12,070 units, while stamp duty collections jumped 47 percent to ₹1,292 crore, reflecting strong buyer activity and shifting festive calendars, according to officials from leading real estate analytics firms.

Experts explained that the earlier occurrence of the Shradha period this year, which ended on September 21, coupled with Navratri celebrations beginning on September 22, accelerated property transactions. On a month-on-month basis, registrations increased 7 percent and stamp duty revenue rose 29 percent, highlighting robust market momentum. Residential properties dominated the market, accounting for 80 percent of all registrations in September, reflecting sustained end-user demand. Cumulative figures for the first nine months of 2025 indicate that Mumbai registered over 111,939 properties, contributing more than ₹11,141 crore to the state exchequer. This represents a 6 percent year-on-year increase in registrations and a 26 percent rise in revenue, signalling continued confidence among buyers and investors in the city’s housing sector.

Market analysts noted that high-value properties are attracting increasing attention. Homes priced above ₹5 crore accounted for 7 percent of total registrations in September, up from 5 percent the previous year, while affordable housing below ₹1 crore saw a marginal decline due to affordability pressures. Properties priced between ₹1–2 crore recorded a slight uptick, highlighting a resilient mid-segment market, while the 2–5 crore segment remained stable. In terms of unit size, compact homes under 1,000 sq ft remained most popular, representing 81 percent of total registrations. Mid-sized units of 1,000–2,000 sq ft accounted for 14 percent, while larger apartments above 2,000 sq ft made up 5 percent, indicating a niche but steady luxury segment demand.

Suburban markets continued to anchor activity, with Western and Central suburbs collectively accounting for 88 percent of total registrations. The Western Suburbs contributed 59 percent, Central Suburbs 29 percent, while South Mumbai and Central Mumbai registered lower shares at 8 percent and 5 percent respectively. Experts emphasised that the continued dominance of suburban areas underscores the growing demand for well-connected residential neighbourhoods. Officials highlighted that the market’s performance reflects both a mature urban ecosystem and enduring buyer confidence. They noted that shifting festive calendars and improving sentiment among end-users and investors have driven higher-than-expected transaction volumes. With sustained residential demand and robust revenue collection, Mumbai’s real estate sector continues to demonstrate resilience and strategic growth potential.

Mumbai Property Registrations Rise 32 Percent Stamp Duty Collections Jump 47 Percent