Mumbai is set to witness 13,864 property registrations in April 2026, showing a 6% year-on-year increase, the highest for April in 14 years. Data from the Maharashtra Department of Registrations and Stamps projects stamp duty revenue collection to exceed Rs 1,114 crore this April.
The report by Knight Frank India reveals that Mumbai’s residential market resilience was evident in the previous peak recorded in April 2025. Despite a 1% year-on-year rise in stamp duty collections due to a shift in transaction mix, registrations have shown consistent growth.
Shishir Baijal, International Partner, Chairman & Managing Director at Knight Frank India, emphasized that the sustained growth in registrations reflects enduring end-user confidence, even with a slight moderation in stamp duty collections. He highlighted Mumbai’s structural strength and long-term appeal in the residential market.
Property registrations in April 2026 saw a 13% sequential moderation, while revenue collections dropped by 27% month-on-month. This trend is in line with historical patterns where April typically experiences a softening in both registrations and revenue after a strong March.
Continued momentum in residential property registrations signals ongoing end-user demand, stable macroeconomic conditions, infrastructure expansion, and improved buyer sentiment. The report also anticipates a positive trajectory for Mumbai’s residential market, supported by the BMC’s significant budget and key infrastructure projects like the Coastal Road and link corridors.
