Mumbai's residential real estate market continued its strong growth trajectory in the first half of 2026, with the city registering its highest first-half property registrations in over a decade. According to the latest data, Mumbai city (under the BMC jurisdiction) recorded 80,221 property registrations across both primary and secondary markets during January-June 2026, reflecting a 6% year-on-year (YoY) increase. Stamp duty collections during the period also rose 4% YoY to INR 6,968 crore, making it the strongest first-half performance since 2013.
The momentum remained equally robust in June, with the city expected to register 13,302 property transactions, representing a 15% YoY increase. This is set to become the highest number of property registrations ever recorded in the month of June over the past 14 years, highlighting the sustained resilience of Mumbai's residential market despite a high base. The Maharashtra Government is also expected to garner approximately INR 1,077 crore in stamp duty revenue during the month.
The June performance is expected to surpass the previous record achieved in 2025, reaffirming the city's strong housing demand. While property registrations are projected to grow by 15% year-on-year, stamp duty collections are expected to rise by a relatively moderate 4%, indicating a larger share of transactions taking place in the mid-market housing segment compared to last year.
On a month-on-month basis, June registrations are expected to increase by 7% over May 2026, while stamp duty collections are projected to rise by 2%, signalling sustained buying momentum across the city's residential market.
Industry experts believe the continued growth reflects improving consumer confidence, stable financing conditions, infrastructure-led development, and the increasing preference for homeownership across various buyer segments.
Kamlesh Thakur, President, NAREDCO Maharashtra and Co-Founder & Managing Director, Srishti Group said: "The continued rise in Mumbai's property registrations, culminating in the strongest first-half performance in over a decade, is a clear reflection of the market's resilience and the sustained confidence among homebuyers. The steady momentum has been driven by robust infrastructure development, stable economic conditions, and improving affordability. 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."