Mumbai’s residential property market continued to witness strong momentum during the first half of 2026, with the city registering 80,221 property transactions and generating Rs 6,968 crore in stamp duty revenue for the Maharashtra government, according to registration data analysed by real estate consultancy Knight Frank India.
Covering the Brihanmumbai Municipal Corporation (BMC) jurisdiction, the figures represent Mumbai’s best first-half performance since 2013. Property registrations, including both primary sales and resale transactions, increased 6% year-on-year, while stamp duty collections rose by 4% over the same period.
June 2026 is expected to emerge as the strongest June for property registrations in the past 14 years. The city is projected to record 13,302 registrations during the month, reflecting a 15% year-on-year increase and indicating sustained demand from homebuyers despite a high base in the corresponding period last year.
The Maharashtra government is also expected to collect around Rs 1,077 crore in stamp duty revenue during June, an increase of 4% compared to the same month last year. On a month-on-month basis, registrations are likely to rise 7% over May, while stamp duty collections are projected to grow by 2%.
Commenting on the trend, 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 has been achieved despite a high base from last year and 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.”
Ram Raheja, Managing Director, S Raheja, said: “June’s registration numbers confirm what we’re seeing on the ground: Buyers are gravitating towards redevelopment projects in established neighbourhoods over new construction on the city’s outskirts.”
Baijal further noted that while stamp duty collections remained relatively stable, suggesting moderation in average transaction values, the continued rise in registrations indicates that demand is becoming increasingly broad-based across different buyer segments rather than being concentrated in premium property transactions.
Source: Business Standard
