Mumbai city, under BMC jurisdiction, witnessed 80,221 property registrations in the first half of 2026, showing a 6% year-on-year increase. This performance marks the strongest first-half showing since 2013, according to a report by Knight Frank India. The state government’s revenue from stamp duty collection on these transactions also saw a 4% YoY rise to Rs 6,968 crore, the highest since 2013.
Mumbai is projected to have 13,302 property registrations in June 2026, indicating a 15% YoY surge, the highest June figure in 14 years. The Maharashtra Government is anticipated to collect around Rs 1,077 crore in stamp duty revenue during the month. The report forecasts that June 2026 will surpass the previous peak recorded in 2025, with a 15% YoY increase in registrations and a 4% annual rise in stamp duty collections.
The report highlights a shift in the transaction mix towards a higher proportion of mid-market deals compared to the previous year. Property registrations are set to rise by 7% sequentially over May 2026, while stamp duty collections increased by 2%.
Shishir Baijal, International Partner, Chairman & Managing Director of Knight Frank India, commented on Mumbai’s residential market’s robust performance. Despite a strong performance last year, the market has shown resilience in end-user demand and sustained homebuyer confidence. Baijal noted that while stamp duty collections have stabilized compared to the previous year, the growth in registrations indicates a broadening demand across buyer segments.
