Mumbai city recorded 80,221 property registrations in the first half of 2026, contributing ₹6,968 crore to the state exchequer, according to registration data collated and analysed by real estate consultancy Knight Frank India. The city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded its strongest first-half performance since 2013. The registrations, including both primary and secondary transactions, marked a 6 per cent year-on-year increase from 76,060 registrations in the corresponding period last year. This makes H1 2026 the strongest first-half performance for both registrations and revenue in over a decade.
In June 2026, Mumbai is expected to record 13,302 property registrations, up 15 per cent YoY, as reported by Knight Frank India. This would mark the highest number of property registrations for the month of June in the past 14 years, highlighting the continued strength of the city's residential market. The Maharashtra government is expected to collect ₹1,077 crore in stamp duty revenue during June, up 4 per cent YoY, suggesting a shift in the transaction mix with a relatively higher share of registrations in the mid-market segment compared with the previous year. Compared with May 2026, registrations rose 7 per cent while stamp duty revenue increased 2 per cent.
On a sequential basis, property registrations are expected to rise 7 per cent over May 2026, while stamp duty collections are likely to increase 2 per cent, according to Knight Frank India. While registration volumes continued to expand, the slower pace of growth in stamp duty collections suggests that the average transaction value moderated during the period. The divergence indicates a larger share of transactions taking place in the mid-market housing segment, broadening the demand base beyond premium residential properties. Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, noted that the market's strength is further reflected in H1 2026 registrations, which continued to grow over an already robust first half of 2025. He emphasized that "Mumbai's residential market has maintained its strong momentum...This performance is achieved despite a high base from last year, underscores the resilience of end-user demand and sustained homebuyer confidence."
Baijal from Knight Frank India added that while stamp duty collections remained largely stable compared with the same period last year, indicating moderation in average transaction values, healthy growth in registrations suggests demand is becoming more broad-based across buyer segments rather than remaining concentrated in higher-value transactions. The sustained performance underscores the resilience of end-user demand and sustained homebuyer confidence in Mumbai's residential market. Ram Raheja, Managing Director of S Raheja, confirmed that June's registration numbers reflect what's happening on the ground, with buyers gravitating towards redevelopment projects in established neighbourhoods over new construction on the city's outskirts. The continued rise in registrations during H1 2026 reflects resilient end-user demand and sustained homebuyer confidence, with June 2026 recording the highest property registrations for the month in the past 14 years.
