31 May,2026 07:25 PM IST | Mumbai | Ritika Gondhalekar
The latest figures surpass the previous peak recorded in May 2025. Representational Pic/File
Mumbai's real estate market continued its strong performance in May 2026, recording the highest number of property registrations for the month of May in the past 14 years.
According to data from the Maharashtra Department of Registrations and Stamps, analysed by Knight Frank India, a total of 12,315 property transactions were registered within the jurisdiction of the Brihanmumbai Municipal Corporation (BMC). This marks a 7 per cent year-on-year increase.
The latest figures surpass the previous peak recorded in May 2025, making it the strongest May performance in more than a decade.
Experts say the rise reflects sustained demand in Mumbai's residential housing market, driven largely by end-user buyers.
Despite higher registrations, stamp duty collections saw a marginal decline.
The Maharashtra government collected over Rs 1,051 crore in stamp duty during May 2026, which is 1 per cent lower compared to the same period last year.
Industry experts attributed the fall to a shift in the mix of property transactions, with relatively lower-value deals being registered compared to the previous year.
On a month-on-month basis, the market showed some moderation.
Property registrations dropped by 14 per cent compared to April 2026, while stamp duty collections fell by 9 per cent.
Experts say this indicates a short-term cooling after strong performance in the previous month, although overall demand remains stable.
Commenting on the performance, Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said the Mumbai residential market continues to show strong resilience.
He noted that the high number of registrations reflects strong end-user demand and confidence in the housing sector.
While stamp duty collections slightly declined, he said this points to normalisation in transaction values rather than a weakening of demand.
According to him, the market remains supported by stable demand conditions, improving affordability and a continued preference for home ownership.
