Mumbai, October 1st, 2026: Mumbai city covering the area under BMC jurisdiction recorded 12,622 property registrations in September 2026, a 5% year-on-year (YoY) increase and the highest for the month of September in over 14 years. However, the Maharashtra Government collected INR 1,227 crore (cr) in stamp duty during the month, a 5% YoY decline, primarily reflecting a shift in transaction mix. The findings are based on data from the Maharashtra Department of Registrations and Stamps as analysed by Knight Frank India.
Mumbai property sale registration and government revenue collection
| Period | Registration (Units) |
YoY | MoM | Revenue (INR cr) |
YoY | MoM |
| Sep-25 | 12,070 | 32% | 7% | 1,292 | 47% | 29% |
| Oct-25 | 11,649 | -10% | -3% | 1,040 | -14% | -20% |
| Nov-25 | 12,219 | 20% | 5% | 1,038 | 12% | 0% |
| Dec-25 | 14,424 | 16% | 18% | 1,245 | 10% | 20% |
| Jan-26 | 11,219 | -8% | -22% | 1,012 | 2% | -19% |
| Feb-26 | 13,029 | 8% | 16% | 1,134 | 21% | 12% |
| Mar-26 | 15,983 | 3% | 23% | 1,534 | -3% | 35% |
| Apr-26 | 14,285 | 9% | -11% | 1,156 | 4% | -25% |
| May-26 | 12,403 | 7% | -13% | 1,055 | -1% | -9% |
| Jun-26 | 13,413 | 16% | 6% | 1,086 | 5% | 3% |
| Jul-26 | 13,824 | 10% | 3% | 1,255 | 12% | 16% |
| Aug-26 | 12,580 | 12% | -9% | 1,131 | 13% | -10% |
| Sep-26* | 12,622 | 5% | 0.3% | 1,227 | -5% | 8% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank India
*Numbers projected based on per day run rate
Festive activity provided a strong contribution to September’s performance
During the Ganesh Chaturthi festival celebrated from September 14 to 25, 2026, Mumbai recorded 5,379 property registrations, a 22% YoY increase and the highest level of registrations for the festive period in the last four years. Over 50% of the Stamp duty collections for the month was recorded during the festival which stood at INR 640 cr, rising 32% YoY.
Mumbai property registrations and revenue collection during Ganesh Chaturthi
| Year | Festive Period | Registration | YoY | Revenue | YoY |
| (Units) | (INR cr) | ||||
| 2023 | 19 Sep – 28 Sep | 3,782 | NA | 362 | NA |
| 2024 | 7 Sep – 17 Sep | 3,405 | -10% | 447 | 23% |
| 2025 | 27 Aug – 6 Sep | 4,392 | 29% | 485 | 9% |
| 2026 | 14 Sep – 25 Sep | 5,379 | 22% | 640 | 32% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank India
Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India, said, “Mumbai’s residential market has maintained demand momentum, with September 2026 recording the highest property registrations for the month in more than 14 years. The strong performance during Ganesh Chaturthi (September 15 – 24), with registrations rising 22% year-on-year, provided a notable contribution to the month’s overall registration activity. The surge in registrations during both the festive period and over the month reflects continued homebuyer participation, although buyers remain selective in their purchase decisions. Well-located developments supported by quality infrastructure are likely to remain relevant to buyers as market activity evolves.”
Mumbai records 14-year high in September property registrations
| Month-wise | Registration (Units) | Revenue (INR Cr) |
| Sep-13 | 4,116 | 247 |
| Sep-14 | 4,781 | 383 |
| Sep-15 | 4,807 | 370 |
| Sep-16 | 4,429 | 287 |
| Sep-17 | 5,714 | 442 |
| Sep-18 | 5,913 | 433 |
| Sep-19 | 4,032 | 348 |
| Sep-20 | 5,597 | 181 |
| Sep-21 | 7,804 | 529 |
| Sep-22 | 8,628 | 734 |
| Sep-23 | 10,694 | 1,127 |
| Sep-24 | 9,111 | 877 |
| Sep-25 | 12,070 | 1,292 |
| Sep-26* | 12,622 | 1,227 |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank India
*Numbers projected based on per day run rate
About Knight Frank
Knight Frank LLP is a leading independent global property consultancy. Headquartered in London, Knight Frank has 20,000+ people operating from over 600 offices across 50+ territories. The Group advises clients ranging from individual owners and buyers to major developers, investors, and corporate tenants. For further information about the Company, please visit www.knightfrank.com
Knight Frank India is headquartered in Mumbai and has more than 2,000 experts across Bangalore, Delhi, Pune, Hyderabad, Chennai, Kolkata, Ahmedabad, Indore and Kochi. Backed by strong research and analytics, our experts offer a comprehensive range of real estate services across advisory, valuation and consulting, transactions (residential, commercial, retail, hospitality, land, and capitals), facilities management and project management. For more information, visit www.knightfrank.co.in
