Advertisement
Private equity has played a significant role in shaping Indi...
In today’s real estate landscape, fitness is often treated...
In this episode of Prop Personalities, we sit down with Hars...
Luxury real estate is one of the most talked-about segments ...
Welcome to Prop Personalities by Prop News Time - a podcast ...
Mumbai registered 14,228 property transactions in April 2026 within the Brihanmumbai Municipal Corporation (BMC) limits, marking a 9 per cent year-on-year increase and the highest April performance in 14 years, according to Knight Frank India. Stamp duty collections crossed INR 1,100 crore, rising marginally by 1 per cent, indicating a shift towards mid-ticket housing. While registrations declined from March’s peak levels, the data reflects sustained end-user demand across primary and secondary markets. The trend highlights stable housing activity in the city, supported by consistent buyer participation despite a high base.
Mumbai’s residential market recorded 14,228 property registrations in April 2026 within the Brihanmumbai Municipal Corporation jurisdiction, reflecting a 9 per cent year-on-year increase and the highest volume for the month in over 14 years, according to data compiled by Knight Frank India from the Maharashtra Department of Registrations and Stamps. Advertisement
The April figures surpassed the 13,080 registrations recorded in the same month a year earlier, setting a new peak for the period. The data covers transactions across both primary and secondary markets, providing a comprehensive view of residential demand in the city.
Stamp duty collections during the month stood at over INR 1,100 crore, registering a marginal 1 per cent increase compared to the previous year. The relatively moderate rise in revenue, despite higher transaction volumes, indicates a shift in the composition of transactions, with a greater share of mid-ticket and value-driven housing.
On a sequential basis, registrations declined from 15,983 units recorded in March, while stamp duty collections also moderated. This trend reflects a typical seasonal pattern, as March usually sees higher activity due to financial year-end closures, followed by a normalisation in April.
Industry stakeholders indicated that the sustained registration volumes point to continued end-user demand rather than speculative activity. Kamlesh Thakur, President of NAREDCO Maharashtra, stated that achieving record April registrations on an already elevated base reflects strong demand fundamentals. He noted that stable stamp duty collections suggest a growing preference for mid-segment housing, which supports long-term market stability.
Ram Naik, Co-founder and Chief Executive Officer of The Guardians Real Estate Advisory, indicated that the April performance, typically considered a softer month, highlights the resilience of Mumbai’s residential market. He added that buyers are increasingly value-conscious, with demand shifting towards practical ticket sizes and locations offering improved affordability and connectivity.
Shraddha Kedia-Agarwal, Director at Transcon Developers, stated that the trend reflects evolving homebuyer preferences towards quality housing and planned developments. She noted that the limited growth in revenue alongside rising volumes indicates a recalibration towards value-driven purchases.
Shilpin Tater, Managing Director of Superb Realty, observed that transaction volumes remain steady despite seasonal moderation, suggesting a balanced market environment. He indicated that developers would need to align product offerings with buyer expectations on pricing and delivery timelines.
The April performance reinforces the trend of stable residential demand in Mumbai, with sustained activity across both new and resale segments. The data indicates that the market continues to be driven by end-user participation, with a gradual shift towards mid-segment housing shaping transaction patterns.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
