India, March 31 -- Mumbai's real estate market recorded over 15,603 property registrations in March, marking a 10.3% year-on-year (YoY) increase. Stamp duty collections surged by 45% YoY to Rs.1,597 crore, reaching their highest-ever monthly levels, driven largely by a rise in high-value transactions, according to IGR data accessed by Knight Frank.

On a month-on-month (MoM) basis, property registrations rose by 29%, while stamp duty collections jumped 71%, making March 2025 the most active month in the past year. The surge reflects strong homebuyer sentiment, stable economic conditions, and large-scale infrastructure development. Residential properties dominated transactions, accounting for 80% of all registrations in March.

The impact ...