Mumbai property market records best-ever June with over 13,300 registrations

Mumbai, the country's largest and most expensive property market, sustained its strong housing momentum in June, driven by resilient end-user demand and ongoing infrastructure upgrade that continues to enhance connectivity across the city.

The market recorded its highest-ever registrations for the month, underscoring sustained buyer confidence despite elevated property prices and a high base.

The city recorded 15% on-year rise in registered at over 13,322 property transactions during the month, while the state exchequer collected 4% higher stamp duty at over Rs 1,080 crore, showed data from the Inspector General of Registration and Controller of Stamps, Maharashtra.


“This performance, achieved despite a high base from last year, underscores the resilience of end-user demand and sustained homebuyer confidence. The market's strength is further reflected in registrations during the first half of 2026, which continued to grow over an already robust first half of 2025. While stamp duty collections remained largely stable, the healthy growth in registrations suggests demand is becoming more broad-based across buyer segments,” Shishir Baijal, International Partner & CMD, Knight Frank India.

The growth in stamp duty collections reflected a change in the transaction mix, with a relatively higher share of mid-market home purchases compared with the previous year.

“The market is entering a more mature phase where pricing power is becoming increasingly location-specific rather than market-wide. Projects with strong fundamentals, established social infrastructure and limited competing supply are continuing to see healthy absorption, while developers will have to be far more disciplined in product positioning and launch strategies going forward,” said Prashant Khandelwal, Joint Secretary, CREDAI MCHI and CEO of Agami Realty.

According to him, redevelopment will remain a key opportunity for developers in land-constrained urban markets.

“It is encouraging to see that demand is broad-based, with the mid-income segment contributing significantly to transaction volumes. However, continued government support through policy interventions, incentives for homebuyers, rationalization of development costs, and accelerated infrastructure investments will be critical to sustaining market momentum given the economic uncertainties, geopolitical developments and the delayed monsoon,” said Kamlesh Thakur, President, NAREDCO Maharashtra and Co-Founder & MD, Srishti Group.

The sustained record-setting monthly performance pushed Mumbai registrations up 6% on-year to 80,221 deals across the primary and secondary markets during the first half of 2026.

Stamp duty collections from these transactions rose 4% on-year to Rs 6,968 crore, boosting state government revenues. Both property registrations and stamp duty collections recorded their highest-ever performance for the first half of a calendar year.

Industry experts expect transaction activity to remain healthy over the coming quarters, supported by a steady pipeline of new project launches, redevelopment opportunities and infrastructure-led expansion into emerging residential corridors.

While rising property prices and higher acquisition costs could moderate speculative buying, genuine end-user demand is expected to continue supporting market activity. Developers are also becoming more selective in project launches, focusing on locations with stronger demand visibility and faster execution potential.

The improving depth of the market across multiple micro-markets is expected to help sustain transaction volumes even as the sector enters a phase of more measured and balanced growth.