Mumbai recorded 80,221 property registrations in the first half of 2026, marking its strongest performance since 2013.
NEW DELHI
Mumbai’s real estate market has reached a significant milestone, recording its strongest first-half performance since 2013. According to reports, the city saw 80,221 property registrations in the first half of 2026, a 6 percent increase compared to the same period last year.
The surge in activity also provided a boost to state coffers, with stamp duty collections rising 4 percent year-on-year to 6,968 crore rupees, also the highest level seen in 14 years. June alone is expected to see 13,302 registrations, a 15 percent jump from June 2025, which would mark the best June performance in over a decade.
Market experts attribute this growth to sustained confidence among homebuyers. Shishir Baijal, Chairman and Managing Director of Knight Frank India, noted that the market’s resilience is particularly impressive given the high performance of the previous year.
The data also points to an interesting trend in the types of homes being purchased. While stamp duty revenue grew at a slightly slower pace than the number of registrations, analysts suggest this indicates a shift toward mid-market properties. This confirms that demand is becoming more broad-based, moving beyond just high-value luxury transactions. As registrations continue to outpace previous peaks, Mumbai’s residential sector appears to be entering a period of steady, reliable growth driven by genuine end-user demand rather than speculative investment.