Mumbai recorded 13,029 property registrations in February 2026, its strongest February in 14 years. Residential properties accounted for 80% of the total, the Free Press Journal reported in March 2026.
Registrations within Brihanmumbai Municipal Corporation (BMC) areas rose 8% from 12,066 in February 2025, the report said. The residential share works out to a little over 10,000 homes. Stamp duty collections rose 21% to ₹1,134 crore from ₹935 crore a year earlier.
Who is buying
The report attributed the increase to premium housing. Properties priced above ₹5 crore accounted for 8% of registrations, up from 6%, while the share of the ₹2-5 crore band rose to 20% from 17%. The ₹1-2 crore band grew to 33% from 31%.
Homes under ₹1 crore fell to 40% of registrations from 46%.
Compact homes still dominate. Apartments of up to 1,000 sq ft accounted for 81% of registrations, with the 500-1,000 sq ft range the most preferred at 45%, the report said.
The Western and Central suburbs accounted for 87% of registrations. The island city had a smaller share because of limited supply and higher prices, according to the report. Industry experts quoted in it attributed the momentum to end-user demand, infrastructure improvements and MahaRERA oversight, which has strengthened homebuyer confidence.
The trend since
The strength has continued through the year. Hindustan Times reported in July 2026, citing a Knight Frank India analysis, that Mumbai recorded 80,221 registrations in the first half of 2026, up 6% year-on-year. Stamp duty rose 4% to ₹6,968 crore, it said.
The Zee Business reported in September 2026 that August registrations of about 12,580 were the highest for the month in 14 years. Knight Frank India's Vivek Rathi said registrations of homes priced up to ₹50 lakh and between ₹50 lakh and ₹1 crore had declined, while higher-value segments continued to grow. Track2Realty chief executive Ravi Sinha said demand was concentrating in homes above ₹3 crore, pushing salaried buyers towards areas such as Navi Mumbai.
Asking prices in Mumbai
Asking prices on PropertyWala put apartments for sale in Mumbai at about ₹25,778 per sq ft (2026 Q1 to 2026 Q4), up 1.9% on the year before.1 Apartments for rent were about ₹77 per sq ft (2025 Q4 to 2026 Q3), down 17% on the year before.
Apartments make up 94% of listings in the city, with offices, independent houses and shops accounting for the rest. Projects in the city range from completed towers to under-construction buildings and new launches.
What to watch
Monthly registration data from the Inspector General of Registration, analysed by Knight Frank India and others, will show whether the shift towards premium homes continues. Experts quoted in the reports have pointed to affordability as the main strain on buyers looking at homes under ₹1 crore.
Buyers can browse apartments and projects on the Mumbai page on PropertyWala.
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Asking prices on PropertyWala listings, not the prices at which homes in Mumbai were registered or sold.↩