The heart of India’s financial capital is beating faster than ever, at least when it comes to property. Recent data shows that 2025 was a landmark year for the Mumbai real estate market. For the first time in over a decade, property registrations and government tax collections have reached heights not seen in 14 years. This surge tells a story of a city that is not just growing, but thriving.
Breaking the records
In 2025, Mumbai recorded over 1.5 lakh property registrations. To put that into perspective, that is the highest number of homes and offices sold since 2011. This wasn’t just a slow climb, it was a sprint. The state government also benefited greatly, collecting over ₹13,400 crore in stamp duty (the tax paid during property registration).
The year ended on a particularly high note. December 2025 saw a massive jump in activity, with over 14,000 properties registered in just thirty days. This end-of-year rush suggests that people are no longer “waiting for the right time”, they believe that the right time is now.
What are people buying?
While Mumbai is known for its towering luxury skyscrapers, the data shows that the “middle market” is the real engine of growth. Properties sized between 500 and 1,000 square feet remain the top choice for most families.
However, there is an interesting shift happening. More people are moving toward slightly more expensive homes. While the majority of buyers still look for affordable options, the segment of homes costing between ₹1 crore and ₹2 crore grew significantly this year. Even the ultra-luxury market, homes costing more than ₹5 crore, saw an uptick. This suggests that buyers are looking for better lifestyles, more space, and modern amenities.
Why is this happening?
Two main factors are driving this boom: demand and affordability. Experts point out that the “affordability ratio” in Mumbai has improved drastically. Years ago, a huge chunk of a family’s income went toward paying off home loans. Today, thanks to rising salaries and more stable property prices, buying a home is more manageable for the average working professional.
Furthermore, the “end-user” is back. Unlike in the past, where many people bought houses just to sell them later for a profit (investment), today’s buyers are mostly people who actually want to live in these homes. This makes the market more stable and less likely to face a sudden crash.
The road ahead
As we look toward the future, the Mumbai real estate sector appears resilient. With 80% of all registrations being residential, the focus remains firmly on housing. The city continues to expand, and with better transport links like new Metro lines and bridges, more areas are becoming attractive to buyers.
For anyone looking at the Mumbai skyline today, those cranes and construction sites aren’t just building apartments; they are building a record-breaking era for the city’s property history.
Also read – Why everyone is talking about Indian REITs: A new way to own real estate
Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Real estate investments carry risks; please consult with a professional advisor before making any decisions.
Source – MID-DAY
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