India’s most expensive real estate hub, Mumbai, has posted its strongest February performance on record, buoyed by consistent end-user demand and a rising share of high-value transactions. The surge highlights sustained buyer confidence amid stable macroeconomic conditions and ongoing infrastructure upgrades across the city.
According to data from the Inspector General of Registration and Controller of Stamps, Maharashtra, the city recorded 12,848 property registrations in February — a 6% increase year-on-year and the highest ever for the month. Stamp duty collections jumped 20% to exceed Rs 1,118 crore, making it a record February for both transaction volumes and revenue.
“Mumbai’s residential market is not merely witnessing a cyclical upswing, it is demonstrating structural stability, infrastructure-led growth, and long-term confidence, reaffirming its position as one of the country’s most robust real estate markets,” said Shishir Baijal, CMD, Knight Frank India.
On a month-on-month basis, registrations rose 15%, while revenue increased 10%, reinforcing the sector’s steady expansion. February figures have grown sharply over the past decade — from 4,840 registrations and Rs 241 crore in revenue in 2013 to 12,848 units and Rs 1,118 crore in 2026.
The data points to a clear shift toward premium housing. Homes priced above Rs 5 crore accounted for 8% of transactions, up from 6% a year earlier. The Rs 2–5 crore segment expanded to 20%, while the Rs 1–2 crore bracket rose to 33%. In contrast, properties below Rs 1 crore saw their share drop to 40%, reflecting a tilt toward higher-ticket purchases.
Compact homes up to 1,000 sq ft dominated activity at 81% of registrations, with the 500–1,000 sq ft category leading at 45%. Meanwhile, larger homes gained ground, signalling an upgrade trend among buyers.
Suburban markets drove 87% of total registrations, with the western suburbs increasing their share to 57%, while South Mumbai remained steady at 8%, underlining broad-based demand across the metropolis.
Source: The Economic Times
