New Delhi, March 1 -- According to Knight Frank India, while property registrations in the Mumbai real estate market have moderated, signs of stabilisation are emerging. The market saw a 4% Year-on-Year (YoY) decline in registrations, with 11,541 properties registered in February 2025, compared to 12,056 in the same period last year, based on data from the Maharashtra Inspector General of Registration (IGR).

Nevertheless, stamp duty collections remained steady in February 2025, reaching Rs.896 crore, which is almost identical to the Rs.885 crore collected in February 2024. On a month-on-month comparison, January 2025 saw 12,249 properties registered, with stamp duty collections totaling Rs.994 crore.

Mumbai's residential market has expe...