Mumbai, June 1st, 2026: Mumbai city (area under BMC jurisdiction) recorded 12,315 property registrations in May 2026, a growth of 7% year-on-year (YoY). The highest for the month in over a decade, this signals a continued end-user demand. The state exchequer collected over INR 1,051 crore (Cr) in stamp duty revenue in May 2026, according to data from the Maharashtra Department of Registrations and Stamps as analysed by Knight Frank India.
Property registrations in May 2026 mark the highest volume for the month of May in the past 14 years, surpassing the previous peak recorded in May 2025, highlighting the strength of Mumbai’s residential market. While registrations have grown 7% YoY, stamp duty collections dipped marginally by 1% YoY due to a shift in the transaction mix.
Sequentially, property registrations declined by 14% in May 2026 while revenue collections dropped by 9% month-on-month (MoM).
Mumbai property sale registration and government revenue collection
| Period | Registration (Units) |
YoY | MoM | Revenue (INR cr) |
YoY | MoM |
| Apr-25 | 13,080 | 12% | -16% | 1,115 | 5% | -30% |
| May-25 | 11,565 | -4% | -12% | 1,062 | 3% | -5% |
| Jun-25 | 11,599 | -1% | 0% | 1,035 | 2% | -3% |
| Jul-25 | 12,579 | 1.7% | 8% | 1,123 | 6% | 8% |
| Aug-25 | 11,230 | -3% | -11% | 1,000 | -6% | -11% |
| 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 | 12,315 | 7% | -14% | 1,051 | -1% | -9% |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank India
Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, stated “Mumbai’s residential market continues to demonstrate remarkable resilience, with May 2026 recording the strongest performance for the month in more than a decade. The sustained volume of registrations reflects the depth of end-user demand and confidence in the city’s housing market. While stamp duty collections moderated marginally, suggesting some normalization in transaction values, overall market fundamentals remain robust, supported by stable demand, improving affordability dynamics and continued preference for homeownership among buyers.”
Mumbai records 14-year best property registrations
| Month-wise | Registration (Units) | Revenue (INR Cr) |
| May-13 | 6,068 | 343 |
| May-14 | 5,392 | 339 |
| May-15 | 5,240 | 305 |
| May-16 | 5,815 | 339 |
| May-17 | 4,997 | 745 |
| May-18 | 6,672 | 465 |
| May-19 | 6,270 | 534 |
| May-20 | – | – |
| May-21 | 5,360 | 269 |
| May-22 | 9,839 | 727 |
| May-23 | 9,823 | 833 |
| May-24 | 12,000 | 1,034 |
| May-25 | 11,565 | 1,062 |
| May-26 | 12,315 | 1,051 |
Source: Maharashtra Govt- Dept. of Registrations and Stamps (IGR); Knight Frank India
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 740+ offices across more than 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
