Mumbai records highest registrations in 14 yrs last month

New Delhi: Mumbai city recorded 13,029 property registrations in February 2026, generating over Rs 1,134 crore in stamp duty revenue for the state exchequer, marking the highest February performance in 14 years in both registrations and collections, a report said on Sunday. The report from Knight Frank India said registrations rose 8 per cent year on year (YoY) while stamp duty collections grew 21 per cent YoY, indicating a larger share of premium and large ticket transactions.

Residential properties accounted for nearly 80 per cent of total registrations and that sustained momentum highlights continued end user demand, stable macroeconomic conditions, infrastructure expansion and improved buyer sentiment, the report further said.

Mumbai’s residential market data shows not a short term spike, but a structurally strong and resilient market, said Shishir Baijal, Chairman & Managing Director, Knight Frank India. The BMC’s largest ever budget and transformative infrastructure projects such as the Coastal Road and key link corridors, is expected to further reinforce this positive trajectory by enhancing accessibility and widening residential catchments, Baijal added.