October 01, 2025: Mumbai’s real estate market recorded a strong upswing in September with property registrations rising 29% year-on-year (Y-o-Y) to 11,744 units, the highest in seven years. This surge generated ₹1,256.1 crore in stamp duty and registration revenues for the state exchequer, marking a 43.3% increase compared to the same period last year, according to data from Anarock.
Industry leaders attributed the growth to festive demand, attractive developer offerings, and momentum in premium launches. Amit Jain, chairperson and managing director of Arkade Developers, said, “This momentum highlights sustained buyer confidence, driven by festive sentiment, attractive developer offerings, and the surge in redevelopment projects across the city. We expect this positive trajectory to continue in the upcoming quarter, supported by stable interest rates and healthy end-user demand.”
Homebuyer sentiment typically strengthens during the festive period, noted experts, with micro-markets benefiting from new infrastructure projects. Rohan Khatau, director at CCI Projects, highlighted the cultural and financial appeal of purchasing homes during this season.
Demand has been particularly strong for 2 and 3 BHK configurations, priced between ₹2 crore and ₹5 crore, as well as for combination flats in areas like Wadala, Ghatkopar, and Vikhroli. “We are witnessing a significant rise in demand for 2 and 3 BHKs… along with select demand for combination flats,” said Dhaval Ajmera, director, corporate affairs, Ajmera Realty.
Between January and September 2025, the city registered 1.11 lakh properties — a 5.5% rise from 2024’s 1.05 lakh registrations — also the highest in seven years. Revenue collections for the same period touched a record ₹10,094.22 crore, surpassing last year’s ₹8,876.42 crore, reflecting a 13.7% growth.
Anuj Puri, chairperson of Anarock Group, remarked, “This sustained growth is due to a combination of robust housing demand, accelerated infrastructure development, premium project launches, and stable policy frameworks.”
Experts anticipate the trend will continue, keeping 2025 on track as a milestone year for Mumbai real estate.
Source: Business Standard
