Mumbai’s residential property market posted its strongest first-half performance in more than a decade, with 80,221 property registrations recorded between January and June 2026. According to Knight Frank India, registrations increased by 6 per cent year-on-year from 76,060 transactions during the same period in 2025, making it the highest first-half tally since 2013.
The rise in property transactions also boosted government revenue. Stamp duty collections reached Rs 6,968 crore during the first six months of 2026, marking a 4% increase over Rs 6,731 crore collected in the corresponding period last year. Knight Frank said the figures reflected continued demand for residential properties across Mumbai.
June also witnessed strong activity, with nearly 13,302 property registrations, up 15% compared to June 2025. This was the highest number of registrations recorded in the month of June in the last 14 years. Stamp duty collections during the month stood at around Rs 1,077 crore, registering a 4% annual increase.
Knight Frank noted that while registration volumes grew at a faster pace than stamp duty collections, the trend suggested increased participation from buyers in the affordable and mid-income housing segments, indicating a shift in the market towards more mid-market transactions.
Compared to May 2026, property registrations increased by 7% in June, while stamp duty collections rose by 2 per cent, highlighting sustained buyer activity.
Commenting on the performance, 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 was achieved despite a high base from last year, underscoring the resilience of end-user demand and sustained homebuyer confidence. The market’s strength was further reflected in H1 2026 with registrations growing over an already robust first half of 2025. While stamp duty collections remained largely stable over the 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.”
Knight Frank added that Mumbai’s housing market has maintained steady growth since the pandemic and is expected to sustain its momentum through the remainder of 2026, supported by continued homebuyer demand across multiple price segments.
Source: Outlook Money
