Mumbai’s real estate market closed the financial year on a robust note, recording 15,516 property registrations in March 2026—the strongest March performance in the past 14 years. According to data from the Maharashtra Department of Registrations and Stamps, transactions within the Brihanmumbai Municipal Corporation limits generated over Rs 1,492 crore in stamp duty revenue during the month.
The figures slightly exceed those recorded in March 2025, reflecting continued stability in the housing market despite a high base. On a year-on-year basis, registrations remained largely steady with a marginal increase, while stamp duty collections saw a 6% decline, indicating a shift in the value mix of transactions.
On a month-on-month basis, the market showed notable momentum. Registrations rose by 19% compared to February 2026, while stamp duty collections increased by 32%, suggesting strong end-user demand supported by stable economic conditions and positive buyer sentiment.
{Mumbai Property Registrations – March Trend (2013–2026)}
Residential properties continued to dominate activity, accounting for nearly 80% of total registrations. Compact homes remained the preferred choice, with apartments measuring up to 1,000 sq ft contributing around 85% of transactions. This trend highlights the sustained demand for smaller, more affordable housing options in the city.
Industry experts point to the resilience of Mumbai’s housing demand. Shishir Baijal, Chairman and Managing Director of Knight Frank India, said, “the mid-income segment is witnessing steady traction, with buyers upgrading to better homes within accessible price brackets, even as variations in stamp duty collections suggest a shift in ticket sizes.”
Echoing this, Prashant Sharma, President of NAREDCO Maharashtra, noted, “the performance reflects strong end-user demand, particularly in the Rs 1–2 crore segment, driven by improving affordability and stable macroeconomic conditions.”
Ram Raheja, Managing Director of S Raheja, added, “the strong year-end numbers reaffirm Mumbai’s position as a key real estate market,” with demand largely driven by end-users across segments.
Source: The Free Press Journal
