Mumbai Property Registrations Hit 14-Year August High; Stamp Duty Collections Cross INR 1,100 Crore

The residential property market in Mumbai has maintained its strong momentum in August 2026. Property registrations are expected to reach a 14-year high for the month, according to an analysis by Knight Frank India based on data from the Maharashtra Department of Registration and Stamps. Mumbai is expected to record 12,503 property registrations in August 2026 under the Brihanmumbai Municipal Corporation’s (BMC’s) jurisdiction. This marks an 11 per cent year-on-year (y-o-y) increase over August 2025.

The report said that this makes August 2026 the strongest period in terms of property registrations in the last 14 years.

The rise in registrations has also translated into higher revenues. The Maharashtra government is expected to collect nearly Rs 1,123 crore in stamp duty alone during this month. This represents a 12 per cent annual increase. The growth comes despite the high base recorded in the same period last year.

Demand Remains Resilient

While the August numbers indicate strong annual growth, activity has moderated on a month-on-month (m-o-m) basis. Property registrations are projected to decline 10 per cent from July 2026, when Mumbai recorded 13,824 registrations. Likewise, stamp duty collections are expected to fall by 11 per cent from Rs 1,255 crore in July.

However, the annual comparison presents a stronger picture.

In August 2025, Mumbai recorded 11,230 property registrations and generated nearly Rs 1,000 crore in stamp duty revenue. The numbers revealed by data shared by Knight Frank and BMC indicate that there’s a continued underlying demand in the city, especially in the residential market. The broader trend also reveals how Mumbai’s property market has strengthened in the last decade. In 2013, registrations stood at 4,779 units during the same time, which increased to 8,552 units in 2022 and 10,902 units in 2023.

Further, registrations increased to 11,631 units in August 2024 before dipping to 11,230 units in August 2025. The projected 12,503 registrations are for August 2026, which mark a new high for the month.

The stamp duty collections also followed a similar pattern - an increase from Rs 239 crore in August 2013 to Rs 810 crore in August 2023. This number increased to Rs 1,062 crore in August 2024, and now, it is projected to increase to Rs 1,123 crore for August 2026. This highlights the value of transactions that take place in the market.

Well-located Projects Likely To Remain Attractive

Well-located developments backed by quality infrastructure are likely to remain attractive, as buyers are now focusing more closely on location and project quality. The economic and development depth of Mumbai increases the long-term investment appeal, which supports demand.

Shishir Baijal, international partner, chairman and managing director, Knight Frank India, said: “Mumbai’s residential market continues to see healthy demand, with August 2026 projected to record the highest property registrations for the month in more than 14 years. While registration and stamp duty collections have moderated sequentially, their strong growth underscores the continued strength and resilience of underlying housing demand. The increase in activity, alongside higher stamp duty collections compared to the same period last year, points to sustained homebuyer interest across the market.”

He added: “As buyers become more discerning, well-located developments supported by quality infrastructure are likely to remain attractive. Mumbai’s economic depth, employment base, and long-term investment appeal will continue to support residential demand.”