Mumbai Records 12,622 Property Registrations in September as Festive Deals Surge
Mumbai | September 30, 2026: Mumbai's property market recorded 12,622 registrations in September 2026, a 5% year-on-year increase, with the Ganesh Chaturthi period accounting for a significant share of transactions. The city registered 5,379 properties during the festive period, up 22% from a year earlier, highlighting continued homebuyer activity.
However, stamp duty collections declined despite the rise in registrations, indicating that transaction volumes and government revenue did not move in tandem.
September Registrations Reach a 14-Year High
Mumbai recorded 12,622 property registrations in September, compared with 12,070 in September 2025. The September figure was also slightly higher than the 12,580 registrations recorded in August 2026.
According to Knight Frank India, September marked the highest number of property registrations for the month in more than 14 years. The data are based on figures from the Maharashtra Department of Registration and Stamps and cover Mumbai's municipal jurisdiction.
Ganesh Chaturthi Drives 5,379 Registrations
The festive period from September 14 to 25 saw 5,379 property registrations, a 22% increase compared with the corresponding period last year. This was the highest registration count for the Ganesh Chaturthi period in four years.
The festival also contributed substantially to monthly revenue. Stamp duty collections during the festive period reached ₹640 crore, up 32% year-on-year and accounting for more than half of September's total collections.
Stamp Duty Collections Fall Despite Higher Registrations
Mumbai generated ₹1,227 crore in stamp duty revenue during September, down 5% from ₹1,291 crore in September 2025. However, collections were higher than the ₹1,131 crore recorded in August 2026.
The contrast between higher registration volumes and lower annual stamp duty collections is an important feature of September's market performance. Registration numbers reflect the number of transactions, while stamp duty revenue also depends on the value and composition of registered properties.
Mumbai Records 1.19 Lakh Registrations Over 12 Months
Mumbai recorded approximately 1.19 lakh property registrations in the 12 months to September 2026, according to the report.
The six-month comparison also shows continued activity. Between April and September 2026, the city recorded 79,127 registrations and ₹6,910 crore in stamp duty collections. In the preceding six-month period, from October 2025 to March 2026, registrations stood at 78,523, while collections reached ₹7,003 crore.
This represents a 0.8% increase in registrations but a 1.3% decline in stamp duty revenue over the compared periods.
Buyers Continue to Participate Despite Selective Decisions
Knight Frank India chairman and managing director Shishir Baijal said Mumbai's residential market continued to see homebuyer participation, with the festive period contributing to the month's activity.
He also noted that buyers remained selective and that well-located developments supported by quality infrastructure were likely to remain relevant as market conditions evolved.
The registration figures show sustained transaction activity, but they do not by themselves establish changes in property prices or affordability across Mumbai's neighbourhoods.
What the Numbers Mean for Mumbai Homebuyers
The September figures indicate that property transactions remained active during the festive period. For buyers, however, the increase in registrations should be considered alongside individual budgets, location, construction quality and project approvals.
The difference between registration growth and stamp duty revenue also shows why transaction volumes alone cannot explain the entire market. Buyers should assess comparable properties and actual transaction values before drawing conclusions about price trends.
What Happens Next
The coming months will show whether Mumbai's registration activity continues at the September pace after the festive period. The performance of registrations and stamp duty collections together will offer a clearer picture of transaction activity and the value of properties being registered.
For now, September's data point to sustained buyer participation, with the Ganesh Chaturthi period providing a notable boost to the city's monthly registrations.