01 September,2026 09:46 AM IST | Mumbai | mid-day online correspondent
Representational Image. Pic: Pexels
With strong housing demand, Mumbai's real estate market continued to grow with property registrations rising 12 per cent in August to 12,580 units, the highest in 14 years.
Citing a report from real estate consultant Knight Frank, news agency PTI said the growth was driven by a strong demand in both the primary and secondary housing markets.
In the same month in the preceding year, around 11,230 units were registered in the Brihanmumbai Municipal Corporation (BMC) jurisdiction.
Knight Frank said the study report was based on the analysis of the data from the Maharashtra Department of Registrations and Stamps.
"Mumbai's residential market continues to see healthy demand, with August 2026 projected to record the highest property registrations for the month in more than 14 years," Knight Frank India CMD Shishir Baijal said.
"As buyers become more discerning, well-located developments supported by quality infrastructure are likely to remain attractive. Mumbai's economic depth, employment base and long-term investment appeal will continue to support residential demand," Baijal added.
However, sequentially, the registrations in August are projected to decline 10 per cent month-on-month (MoM) from 13,824 units in July, according to IANS.
Although the city has been witnessing growth, the registration trend throughout the years has been mixed. Property registrations stood at 11,219 units in January, before rising to 13,029 in February and 15,983 in March.
However, it eased to 14,285 units in April and 12,403 units in May, before recovering to 13,413 units in June and 13,824 units in July, the Knight Frank report said.
The Maharashtra government is expected to garner approximately Rs 1,123 crore in stamp duty during August, representing a 12 per cent year on year increase from the Rs 1,000 crore mopped up during the corresponding month last year, according to IANS.
However, stamp duty collections in August are estimated to fall 11 per cent MoM from Rs 1,255 crore.
Stamp duty collections have also shown a mixed trend. The collections climbed to Rs 1,534 crore in March, it moderated to Rs 1,156 crore in April and Rs 1,055 crore in May.
It gradually increased to Rs 1,086 crore in June and Rs 1,255 crore in July, before being projected at Rs 1,123 crore in August.
While noting that the registrations and stamp duty collections have moderated sequentially, Baijal said their strong year on year growth highlights the sustained interest from homebuyers across the market.
According to Jason Samuel, Managing Director of Mumbai-based realty firm House of Swamiraj, Mumbai's registration numbers indicate that the market's growth momentum is being sustained over a longer period.
"The continued activity can be attributed to sustained end-user demand, improving buyer confidence and the continued preference for home ownership, particularly as buyers increasingly seek well-located, quality homes despite the city's high property values," he said. He added that the consistent pace of registrations is indicative of the the depth of the housing market in the city.
He further said the real estate industry should focus on launching projects, as well as on their execution.
"There are viable projects that have remained stalled for years, with buyers and families continuing to wait for a resolution," he said.
(With inputs from PTI and IANS)
