Summary of this article
Mumbai registrations crossed 80,000 in H1.
Stamp duty collections rose 4%.
Mid-income housing drove market activity.
Residential real estate in Mumbai has continued to sustain its growth trajectory, recording one of the strongest first-half performances in over a decade. The city registered 80,221 property transactions between January and June 2026, a 6 per cent year-on-year (y-o-y) increase over the 76,060 registrations recorded over the corresponding period last year, according to a release by Knight Frank India. This was the highest number of property registrations in the first half of any year since 2013, highlighting the sustained demand for homes in the metropolis.
This surge in registrations also translated into a healthy revenue collection for the Maharashtra government. Stamp duty collections were recorded at Rs 6,968 crore during H1 2026, up 4 per cent y-o-y from the previous year at Rs 6,731 crore. The registration volumes and revenue collected both reflect a resilient property market in Mumbai, Knight Frank said.
In June 2026, Mumbai recorded nearly 13,302 property registrations, up 15 per cent on an annual basis. This represented the highest number of registrations in the month of June in the last 14 years, surpassing the previous growth peak in June 2025. Stamp duty collections for the same month stood at nearly Rs 1,077 crore, a 4 per cent increase over the previous year.
While property registrations saw a double-digit growth, the modest rise in stamp duty collection indicated a changing buyer preference unfolding in the market, Knight Frank said. There was an increased activity in the mid-income housing segment, with a larger number of affordable and mid-market homes contributing towards overall sales.
On a month-on-month (m-o-m) basis, the market maintained its strong momentum. Property registrations rose by 7 per cent over May 2026, while stamp duties rose by 2 per cent, thereby highlighting consistent buyer activity.
Shishir Baijal, international partner, chairman and managing director, Knight Frank India said: “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 was achieved despite a high base from last year, underscoring the resilience of end-user demand and sustained homebuyer confidence. The market’s strength was further reflected in H1 2026 with registrations growing over an already robust first half of 2025. 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.”
Incidentally, the city’s residential market has bounced back significantly since the Covid Pandemic with steady and sustained growth.
Knight Frank said that Mumbai’s housing market appeared to be well-positioned to maintain its growth momentum through the remainder of 2026, further strengthening its position as one of India’s most active residential real estate markets.
