Mumbai Property Registrations Rise 11% to 12,503 Units in August, Housing Demand Remains Strong

MUMBAI, September 3, 2026: Residential real estate market in Mumbai registered resilience in the month of August 2026, with property registrations estimated at 12,503 units, up by 11% on a year-over-year (YoY) basis and at its highest level for the month in more than 14 years, according to an analysis by Knight Frank India, based on the latest registration data released by the Maharashtra Department of Registration and Stamps. This has a great effect on property rates in Mumbai.

The increased number of property registrations in the current month points towards continued demand in the residential segment despite high property rates in Mumbai and lower transaction activity when compared with the previous month. In August 2025, the total number of property registrations was reported at 11,230 units, indicating an increase of 1,273 transactions in August 2026 when compared with the corresponding period last year.

With an increase in the total number of property registrations, the government of Maharashtra is estimated to collect stamp duty of around ₹1,123 crore in the month of August 2026, which is an increase of 12% on a YoY basis from ₹1,000 crore collected in the corresponding period last year.

Higher stamp duty collections are an indication of the growth in the property market of Mumbai and the continuing transactions in the city’s residential market, which includes both new and resale properties.

However, the data for August showed a slowdown as compared to July. Property registrations are expected to fall by 10% MoM from 13,824 units in July 2026, while stamp duty collections are forecast to fall by 11% from ₹1,255 crore recorded in July.

Even though there was a fall on a month-on-month basis, Knight Frank India stressed the resilience of the underlying residential demand in the city. Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said that the residential market in Mumbai is seeing good demand. According to him, even though property registrations and stamp duty collections have slowed down sequentially, the strong year-over-year growth in these numbers shows how resilient the underlying housing demand is. 

The month of August was preceded by a strong performance of Mumbai’s residential market in 2026. Property registrations increased from 11,219 units in January to 13,029 in February and further increased to 15,983 in March. The registrations then slowed to 14,285 units in April and 12,403 units in May, and recovered to 13,413 units in June and 13,824 units in July.

Even the numbers over the cumulative period highlight the good trend. The property registrations in Mumbai over the first eight months of 2026 stood at 106,659 compared to 99,860 transactions during the same time frame in 2025, marking a rise of about 6.8%.

The stamp duty collection over the period grew from ₹8,853 crore in 2025 to ₹9,355 crore in 2026, marking a growth of 5.7%.

The continuous flow of registrations shows that despite the high price levels, Mumbai is still attractive for buyers. The continuous development of infrastructure, jobs, and buyer sentiment is likely to remain a key driving force for the property market in the city.

Given that the month of August saw the best-ever registrations, the residential real estate in Mumbai starts its concluding phase of 2026 with positive momentum despite fluctuating monthly transactions.