India, Feb. 28 -- Mumbai's real estate market reported a 4% Year-on-Year (YoY) decline in property registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, according to data from the Maharashtra Inspector General of Registration (IGR).

However, stamp duty collections remained stable in February 2025, totalling Rs.896 crore, nearly identical to the Rs.885 crore collected in February 2024. In terms of month on month comparision, January 2025 saw 12,2249 properties registered, with stamp duty collections amounting to Rs.994 crore.

Residential property registrations continued to dominate in February 2025, accounting for 80% of all registrations in the Mumbai real estate market, acco...