Mumbai’s real estate scene keeps booming this year. From January to September, the city saw 111,388 property registrations, a solid 5.5 percent jump from the 105,607 units recorded in the same period last year, according to fresh data from the Inspector General of Registration (IGR).
This surge marks an impressive 18.1 percent increase compared to 94,307 registrations in 2023. Looking back further, the growth looks even more remarkable. Numbers in 2025 have more than doubled from 2019’s 50,045 registrations—a whopping 122.6 percent rise—and nearly quadrupled the 2020 figure of 28,822, which took a hit from the COVID-19 crisis, as noted in Anarock Group’s latest report based on IGR stats.
The boom isn’t just in registrations; it’s boosting government coffers too. Stamp duty and registration fees hit a record Rs 10,094.22 crore in the first nine months of 2025, topping last year’s Rs 8,876.42 crore by 13.7 percent. That’s a massive 421 percent leap from 2020’s pandemic low of Rs 1,937.32 crore.
“This steady rise comes from strong housing demand, faster infrastructure projects, exciting premium developments, and reliable government policies,” said Anuj Puri, Chairman of Anarock Group. “With revenues already crossing Rs 10,000 crore in just nine months, 2025 is shaping up to be the best year yet for Mumbai’s property market and collections.”
Experts like Puri point out that this momentum highlights a tougher, more resilient real estate sector in India, fueled by homebuyers and investors alike, paving the way for more growth ahead.
The IGR numbers paint a clear picture of recovery. Back in 2019-2020, the pandemic slammed registrations and revenues hard. Things turned around in 2021 with 86,072 registrations and over Rs 4,252 crore in fees. By 2022, collections soared past Rs 6,600 crore—a 55 percent gain from the year before. From 2023 to 2025, Mumbai’s real estate market has stabilized and shattered records, showing its key role in India’s economy.
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