Mumbai, November 1, 2026: Mumbai registered 12,690 property transactions in October 2026, marking a 9% year-on-year increase, while stamp duty collections reached INR 1,173 crore, up 12% from the previous year, according to data from the Maharashtra Department of Registrations and Stamps analyzed by Knight Frank India.
The city’s residential market sustained its momentum despite the overlap of the Shraddh period and fewer registration days during Navratri, both of which typically dampen transaction volumes. October marked the ninth consecutive month with registrations above 12,000 units, reflecting continued robust demand in India’s largest property market.
Consistent growth through 2026
Between January and October 2026, Mumbai recorded 132,040 property registrations, a 7% increase over the same period in 2025. Stamp duty collections for the first ten months of 2026 rose 5% to INR 11,756 crore, compared to INR 11,186 crore in January–October 2025. Registration volumes in October 2026 remained substantially above historic averages and more than double the levels seen a decade ago, underscoring the structural expansion of the city’s residential market.
Impact of festive calendar on transactions
The Shraddh period, from September 26 to October 10, 2026, saw 3,419 property registrations, a 2% rise over the corresponding period last year. Average daily registrations during Shraddh increased to 311, compared to 306 per day in 2025, indicating that buyers continued to transact despite traditional seasonal hesitancy. During the nine-day Navratri period, registrations totaled 4,680 units, lower than 2025’s figures, though the comparison is affected by fewer effective registration days this year. Daily registration activity during Navratri remained broadly stable.
Long-term market expansion
Monthly registration and revenue figures for October have shown a steady upward trend over the past decade. In October 2013, registrations stood at 4,902 units with revenue at INR 366 crore, while October 2026 saw 12,690 registrations and INR 1,173 crore in revenue. This growth highlights the resilience and depth of Mumbai’s residential market, which has consistently maintained high transaction volumes even amid economic and seasonal fluctuations.
Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said the market’s ability to deliver year-on-year growth despite calendar disruptions reflects strong end-user demand and sustained confidence among homebuyers. “Housing demand has remained remarkably stable, supporting transaction volumes at levels that are among the strongest seen in the city’s history. As we enter the Diwali period, the market remains well-positioned, supported by economic growth, rising household aspirations and the availability of housing options across multiple price segments,” Baijal said.
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