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By The Realty Times | Real Estate News Services
Mumbai: Mumbai’s property market maintained
its strong momentum in September 2026, with 12,622 properties registered during
the month, marking a 5% year-on-year increase from 12,070 registrations in
September 2025, according to data from the Maharashtra Inspector General of
Registration (IGR).
The
September figure was also slightly higher than the 12,580 registrations
recorded in August 2026, indicating continued demand in the city’s residential
property market. The latest monthly tally was reportedly the highest September
registration level in 14 years.
The festive
season provided a significant boost to Mumbai’s property market. Between
September 14 and 25, 2026, the city recorded 5,379 property registrations,
representing a 22% increase compared with the corresponding period last year.
According to
Knight Frank India, this was the strongest registration performance during the
Ganesh Chaturthi period in four years. Stamp duty collections during the
festive period also increased by 32% year-on-year to ₹640 crore.
While the
number of transactions increased, Mumbai’s stamp duty revenue moved in the
opposite direction. The city collected approximately ₹1,227 crore in stamp duty
during September, down 5% from ₹1,291 crore in September 2025.
However,
September’s collection was higher than the ₹1,131 crore recorded in August
2026. The difference between registration growth and stamp duty revenue growth
reflects changes in the mix and value of property transactions during the
month.
The latest
figures indicate that Mumbai continues to see steady participation from
homebuyers despite high property prices. Buyers are increasingly focusing on
well-connected locations, established neighbourhoods and projects supported by
strong infrastructure.
Knight Frank
India noted that buyers remain selective, with location and infrastructure
continuing to play an important role in purchase decisions.
Mumbai
recorded approximately 1.19 lakh property registrations during the 12 months to
September 2026.
Between
April and September 2026, the city recorded 79,127 registrations, compared with
78,523 during the preceding six-month period. However, stamp duty collections
for the April–September period were slightly lower at ₹6,910 crore compared
with ₹7,003 crore in the previous six months.
The
September numbers suggest that Mumbai’s residential market continues to
maintain a relatively strong transaction base. The festive-season surge,
particularly during Ganesh Chaturthi, has provided additional momentum to
registrations.
For
developers and homebuyers, the coming months will show whether this
festive-season activity translates into sustained demand through the remainder
of 2026.
Mumbai’s 5%
annual increase in property registrations in September highlights continued
buyer activity in the city. The strong Ganesh Chaturthi performance also
indicates that festive periods remain an important catalyst for property
transactions, while buyers continue to evaluate location, connectivity and
overall value before making purchasing decisions
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