The Mumbai city (under BMC jurisdiction) recorded 80,221 property registrations across both primary and secondary segments in H1 2026 (Jan – June 2026), marking a 6% year-on-year (YoY) increase. The State government revenue through stamp duty collection from these transactions rose 4% YoY to INR 6,968 crore. Both metrics recorded their strongest first-half performance since 2013.

Monthly Momentum of June 2026 also Remains Strong

In June 2026 Mumbai is expected to record 13,302 property registrations, recording a 15% YoY increase. This will also mark the highest property registrations recorded for the month of June in the past 14 years, highlighting the continued growth of the city’s residential market. The Maharashtra Government is expected to collect ~INR 1,077 crore in stamp duty revenue during the month.

June 2026 will surpass the previous peak recorded in 2025, reinforcing the sustained strength of Mumbai’s housing market despite a high base. While registrations are set to increase by 15% YoY, stamp duty collections will rise by 4% YoY, suggesting a shift in the transaction mix, with a relatively higher share of registrations in the mid-market segment compared to the previous year.

On a sequential basis, property registrations will increase by 7% over May 2026, while stamp duty collections increased by 2%.

Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, stated, “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 is achieved despite a high base from last year, underscores the resilience of end-user demand and sustained homebuyer confidence. The market’s strength is further reflected in H1 2026 registrations, which continued to grow over an already robust first half of 2025. While stamp duty collections remained largely stable over 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.”