Mumbai’s real estate market has continued its strong momentum in May 2026, with property registrations reaching the highest level recorded for the month of May in the last 14 years. According to data from the Maharashtra Department of Registrations and Stamps, analysed by Knight Frank India, the city registered 12,315 property transactions within the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), marking a 7 per cent year-on-year increase.

Redevelopment boosting numbers

Developers have credited this growth in registrations mainly to redevelopment. “The fact that a property needs to be re-registered or newly registered in a redevelopment project is adding to the registrations. In any redevelopment project, the existing members/tenants need to get a fresh document — PAAA, registered as their unit/flat/floor number changes, and the area of the house also changes compared to their old flats,” explained Hitesh Thakkar, vice president, NAREDCO, Maharashtra.