Summary of this article
Mumbai registrations hit 14-year June high.
Stamp duty revenue crossed ₹1,000 crore.
Housing demand remained broad-based.
The Indian residential real estate markets have experienced various turbulences this year; however, they’ve remained resilient and experienced upward growth. This was especially evident in the Mumbai market, with strong performance recorded in June 2026, according to Knight Frank India’s analysis. This analysis was based on the data shared by the Maharashtra Department of Registrations and Stamps (IGR). The release stated that the city witnessed a 16 per cent year-on-year increase in property registrations during the month, making it the highest performance for the month of June in the last 14 years.
These latest figures highlight the sustained homebuyer demand in the city. June 2026 surpassed the previous June peak in 2025. This reflects a high and continued momentum from the previous year. On a month-on-month growth basis, property registrations rose by 8 per cent from May 2026, while stamp duties rose by 3 per cent.
The first half of 2026 emerged as a landmark period for Mumbai’s property market. Between January and June 2026, the city recorded 80,332 property registrations across both primary and secondary markets. This represents a 6 per cent year-on-year increase. In the same time frame, the Maharashtra government collected Rs 1,086 crore in stamp duty revenue, which is a 4 per cent increase on a year-on-year basis. The activity in registrations and stamp duty revenues marks the strongest first-half performance since 2013.
While registrations showed healthy growth, there was a relatively moderate increase in stamp duty collections. This suggests a shift in the kind of transactions. As per Knight Frank India, the divergence in the data of both indicates that there was a relatively higher share of registrations in the mid-market segment as compared to the previous years. This shows that homebuyers showed diversified interest rather than just being concentrated on premium properties.
“Mumbai's residential market has maintained its strong momentum, with June 2026 recording the highest property registrations for the month in the past 14 years. This performance, achieved despite a high base from last year, underscores the resilience of end-user demand and sustained homebuyer confidence. While stamp duty collections remained largely stable over the same time last year, indicating a moderation in average transaction values, the healthy growth in registrations suggests that demand is becoming more broad-based across buyer segments rather than being concentrated only in higher-value transactions. This reinforces the depth and resilience of Mumbai's residential market," says Shishir Baijal, Chairman and MD, Knight Frank India.
The data also underscores the progress of the market. June registrations have risen steadily from 4,846 units in 2013 to 13,413 units in 2026. This is matched with growth in stamp duty revenues for the month, which have gone from Rs 254 crore to Rs 1,086 crore over the same period. The June figures in 2026 reaffirm Mumbai’s growth stance as one of the most active residential markets in India.
