Mumbai Property Registrations Hit 14-Year September High At 12,622; Stamp Duty Collections ₹1,227 Crore

Mumbai, September 30, 2026: Mumbai recorded 12,622 property registrations in September 2026, marking a 5 per cent year-on-year (YoY) rise and the highest registration count for the month in more than 14 years, according to data from the Maharashtra Department of Registration and Stamps analysed by Knight Frank India.

Despite the rise in registrations, the Maharashtra government collected Rs 1,227 crore in stamp duty during September, registering a 5 per cent decline compared with the corresponding month last year. According to the analysis, the decline was primarily due to a change in the transaction mix.

Ganesh Chaturthi Drives Registrations

The city also witnessed a sharp increase in property registrations during the Ganesh Chaturthi period. Between September 14 and 25, Mumbai recorded 5,379 registrations, up 22 per cent from the year-ago period and the highest registration activity during the festival period in the last four years.

Stamp duty collections during the festive period stood at Rs 640 crore, recording a 32 per cent YoY increase. The festival-period collections accounted for more than half of the total stamp duty revenue recorded in Mumbai during September.

Knight Frank Notes Sustained Demand

Shishir Baijal, International Partner, Chairman and Managing Director, Knight Frank India, said Mumbai’s residential market continued to maintain demand momentum, with September recording the highest number of property registrations for the month in over 14 years.

“The strong performance during Ganesh Chaturthi, with registrations rising 22 per cent year-on-year, provided a notable contribution to the month’s overall registration activity. The surge in registrations during both the festive period and over the month reflects continued homebuyer participation, although buyers remain selective in their purchase decisions. Well-located developments supported by quality infrastructure are likely to remain relevant to buyers as market activity evolves,” Baijal said.

Graphics:

12,622 Property registrations in September 2026

+5% YoY — Growth in registrations
14+ years — Highest September registration level
Rs 1,227 crore — Stamp duty collected in September
5% decline YoY — September stamp duty collection

Ganesh Festival Buying

5,379 Properties registered during festive period
+22% YoY — Growth in festive registrations
4 years — Highest Ganesh Chaturthi-period registrations
Rs 640 crore — Stamp duty collected during festive period
+32% YoY — Growth in festive-period stamp duty
50%+ Share of September's stamp duty generated during the festive period

Voices:

Kamlesh Thakur, President, NAREDCO Maharashtra and Co-Founder & Managing Director, Srishti Group

“Crossing 12,600 registrations in September, the highest for the month in over 14 years, reflects sustained demand and strong consumer confidence in Mumbai’s real estate market. Ganesh Chaturthi drove over 5,300 registrations and Rs 640 crore in stamp duty revenue in just 12 days. We expect the momentum to continue through Navratri, Dussehra and Diwali.”

Shilpin Tater, Managing Director, Superb Realty, “The strong festive buying during Ganesh Chaturthi shows the enduring sentiment around homeownership in MMR, with well-designed projects, modern amenities and timely delivery continuing to attract buyers.”

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Shraddha Kedia-Agarwal, Director, Transcon Developers, “The 14-year high in September registrations reflects continued buyer preference for lifestyle upgrades, well-connected locations and quality homes.”

Dhruman Shah, Promoter, Ariha Group*, “More than 5,300 registrations during Ganesh Chaturthi demonstrate that market fundamentals remain strong. Buyers are gravitating towards reputed developers offering value, transparency and strong locations. The September run-rate reflects positive buyer sentiment, which we expect to strengthen through the remaining quarter.”

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