Property registrations in Mumbai in March at close to 15500 units, saw a strong surge both on year and sequentially, netting the state government record revenue of ₹1,588 crore, Maharashtra government data showed.
The boost in stamp duty collections was due to a higher proportion of large ticket-sized transactions, according to data analysed by Knight Frank.
The registrations rose around 10 per cent on year and over 28 per cent on month. The revenue collection was higher by 70 per cent on month.
The surge reflects a combination of strong homebuyer sentiments, stable economic conditions, and large-scale infrastructure development, Knight Frank said.
Despite relatively stable registration volumes, the revenue uptick reaffirms the ongoing trend of a shift towards premium real estate, the property consultant said. Daily property registrations also grew from 388 units in April 2024 to 503 units in March 2025, it added.
For the full year FY25 property registrations rose 9 per cent to 1.44 lakh units, while stamp duty collections went up by 22 per cent to ₹12,899 crore.
Robust registrations
The robust registrations are a pointer to the enduring demand for housing.
“The robust demand for premium homes reflects sustained buyer confidence and economic stability, while the preference for larger apartments signals evolving homebuyer aspirations. The anticipated easing of interest rates in the coming months is likely to further bolster market sentiment,” said Shishir Baijal, Chairman & Managing Director, Knight Frank India.
