Mumbai recorded 13,617 property registrations in July 2026, an 8.3 per cent year-on-year increase and the highest volume for that month in 14 years, according to data compiled by the Maharashtra Department of Registrations and Stamps and analysed by Knight Frank India. The state government collected ₹1,223 crore in stamp duty during the month, up 8.9 per cent from July 2025, the report published on July 31, 2026 showed. Knight Frank India described the performance as evidence of sustained homebuyer demand despite a high comparative base in prior years.
Record July volume in Mumbai's residential market
Registrations in the city rose from 13,413 units in June 2026 to 13,617 units in July 2026, a month-on-month increase of 2 per cent. Year-on-year, the growth was 8.3 per cent. The sequential and annual figures indicate that transaction volumes remained broadly stable, while the value of those transactions shifted upward, according to the report.
Mumbai's residential market continues to demonstrate remarkable depth, recording its strongest July performance in over 14 years despite a high comparative base. The sustained momentum reflects resilient end-user demand and enduring confidence in homeownership. — Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India
Key monthly figures from the Knight Frank India report:
- Registrations in July 2026: 13,617 units
- Year-on-year change: +8.3 per cent
- Month-on-month change: +2 per cent (from 13,413 units in June 2026)
Stamp duty revenue climbs on higher-value homes
Government revenue from stamp duty collections expanded by 13 per cent sequentially, rising from ₹1,086 crore in June 2026 to ₹1,223 crore in July 2026. Compared with July 2025, collections grew 8.9 per cent. The divergence between broadly flat volumes and sharper revenue growth points to a changing mix of transactions, with demand increasingly directed at higher-value properties.
While transaction volumes remained broadly stable both year on year and sequentially, revenue recorded a marked increase, underscoring sustained demand for higher-value homes. — Shishir Baijal, Knight Frank India
Long-term trend in July property sales
The report highlighted a steady long-term upward movement in July property sales within the BMC jurisdiction. Registrations tracked by Knight Frank India ranged from 5,139 units in July 2013 to 6,095 units in July 2017, then dropped sharply to 2,662 units during July 2020. Activity rebounded to 9,822 units in July 2021, 11,340 units in July 2022, and 12,579 units in July 2025 before reaching the current July 2026 level.
| July year | Property registrations |
|---|---|
| 2013 | 5,139 |
| 2017 | 6,095 |
| 2020 | 2,662 |
| 2021 | 9,822 |
| 2022 | 11,340 |
| 2025 | 12,579 |
| 2026 | 13,617 |
Stamp duty collections followed a similar trajectory, rising from ₹287 crore in July 2013 to ₹1,123 crore in July 2025, according to the report.
Market context and demand drivers
According to Knight Frank India, the sustained momentum in Mumbai's residential market is underpinned by resilient end-user demand, the city's economic fundamentals, infrastructure-led growth, and long-term investment appeal.
Even as buyers become more discerning, demand for quality residential developments remains healthy, supported by the city's strong economic fundamentals, infrastructure-led growth and long-term investment appeal. — Shishir Baijal, Knight Frank India
The July 2026 data was compiled by the Maharashtra Department of Registrations and Stamps and analysed by Knight Frank India. The report was published on July 31, 2026.
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