Mumbai witnessed a record 1,50,254 property registrations in 2025, the highest in 14 years, along with stamp duty collections reaching Rs 13,487 crore, also a 14-year peak, as per a report by Knight Frank India. In December alone, there were 14,447 registrations, contributing Rs 1,263 crore to the state exchequer, showing a 16% year-on-year rise in registrations and an 11% increase in stamp duty collections. The surge continued with an 18% increase in December registrations and a 22% climb in stamp duty revenues, with residential properties making up 80% of the activity.
Sequentially, the report highlighted that registrations in 2025 increased by 6% compared to 2024, with March being the strongest month where monthly registrations surpassed 15,000. The trend in ticket-size shifted towards higher price brackets, with homes above Rs 5 crore representing 7% of December registrations, up from 6% the previous year, and the 1–2 crore segment rising to 32% from 30%. The dominance of units up to 1,000 sq ft continued, contributing 82% of registrations, with the 500–1,000 sq ft range being the most preferred segment.
The rise in registrations alongside stamp duty collections signifies both volume-led strength and improving transaction values, according to Knight Frank India. Shishir Baijal, International Partner, Chairman & Managing Director at Knight Frank India, emphasized that the milestone reflects the market’s resilience driven by sustained end-user demand and a supportive supply-side ecosystem. Baijal also noted a significant improvement in affordability, with Mumbai now at 47%, a substantial change from the past when EMIs consumed up to 97% of household income, indicating that homebuyers are now more willing and able to invest at suitable price points and with appropriate product offerings.
