Mumbai city is set to record 13,864 property registrations in April 2026 – a growth of 6% year-on-year (YoY). The highest for the month in over a decade, this signals a continued end-user demand. The state exchequer is projected to collect over INR 1,114 crore (Cr) in stamp duty revenue in April 2026, according to data from the Maharashtra Department of Registrations and Stamps as analysed by Knight Frank India.

Property registrations in April 2026 mark the highest volume for the month of April in the past 14 years, surpassing the previous peak recorded in April 2025, highlighting the resilience of Mumbai’s residential market. While registrations have grown YoY, stamp duty collections remained largely stable, rising by mere 1% YoY due to a shift in the transaction mix.

Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, stated “Mumbai’s residential market continues to demonstrate resilient momentum, with April 2026 registering the strongest performance for any April in over a decade. This sustained growth in registrations underscores enduring end-user confidence, even on a high base. While stamp duty collections have softened, reflecting a marginal recalibration in ticket sizes, underlying demand remains robust. The sequential moderation is largely seasonal, following elevated March closures, and does not detract from Mumbai’s structural strength and long-term attractiveness as one of India’s most compelling residential markets.”

Sequentially, property registrations declined by 13% in April 2026 while revenue collections dropped by 27% month-on-month (MoM). Historically, both property registrations and revenue collections tend to soften in April, reflecting seasonal moderation after a typically strong transaction momentum recorded in the month of March.