MUMBAI: Mumbai’s housing market continued its strong run in the first half of 2026, with property registrations in areas under the Brihanmumbai Municipal Corporation (BMC) crossing the 80,000-mark for the first time during a January-June period since records began in 2013, according to a report by property consultant Knight Frank India based on data from the state registration department.The city recorded 80,221 property registrations across primary and secondary markets during January-June 2026, up 6% from 76,060 in the corresponding period last year. Stamp duty collections from these transactions rose 4% year-on-year to Rs 6,968 crore, providing another strong revenue boost to the Maharashtra government.The report said both registrations and stamp duty collections marked their strongest first-half performance since 2013, underlining sustained demand in Mumbai’s residential market despite elevated property prices and a high base last year.The momentum remained intact in June. Mumbai is estimated to have recorded around 13,302 property registrations during the month, a 15% increase over June 2025 and the highest June tally in the past 14 years. Stamp duty collections for the month are expected to touch Rs 1,077 crore, up 4% year-on-year.On a month-on-month basis, registrations rose 7% over May, while stamp duty collections increased 2%.While the sharp rise in registrations indicates continued buying activity, the comparatively slower growth in stamp duty collections suggests that transactions were increasingly driven by the mid-income housing segment rather than premium homes. This points to broader participation by end-users, instead of demand being concentrated only in high-value properties.The report noted that June’s performance surpassed the previous peak recorded in 2025, despite a strong base, reflecting sustained buyer confidence in the city’s housing market.Knight Frank India Chairman and Managing Director Shishir Baijal said the June numbers demonstrated the resilience of Mumbai’s residential market and sustained end-user demand. He said growth in registrations despite relatively stable stamp duty collections indicated that housing demand was becoming more broad-based across buyer segments rather than being driven only by expensive homes.The half-year performance also extends Mumbai’s post-pandemic recovery. Property registrations had plunged to 17,921 in the first half of 2020 during the Covid-19 outbreak before rebounding sharply to over 61,000 in H1 2021. Registrations have since continued to rise steadily, reaching successive highs over the past three years.For Maharashtra, the sustained pace of property transactions is significant as stamp duty remains one of the state’s largest sources of own-tax revenue. The nearly Rs 7,000 crore collected from Mumbai alone during the first six months of 2026 underscores the city’s continuing importance as the state’s biggest contributor to registration revenue.
