Mumbai Property Registrations Reach 14-Year High in March
Mumbai property registrations surged by 3% in March, reaching 15,983 units, the highest in the past 14 years, according to real estate consultant Knight Frank. This significant increase underscores the robustness of Mumbai's residential market and the enduring confidence of buyers in the city's real estate sector.
Registration of properties in Mumbai stood at 15,510 units during March last year, indicating a steady growth trajectory. Knight Frank's statement on Tuesday highlighted that the Mumbai city, under the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), recorded 15,983 property registrations in March. The data encompasses transactions from both the primary and secondary markets.
“This marks the highest monthly registration volume for the month of March in the past 14 years, surpassing the previous high observed in March 2025. It underscores the continued depth and resilience of the city's residential market,” the consultant noted. In February 2026, the registration of properties stood at 13,029 units, further emphasizing the upward trend.
Residential properties continued to dominate, accounting for nearly 80% of total registrations. Shishir Baijal, International Partner, Chairman & Managing Director of Knight Frank India, commented, “Mumbai's residential market has demonstrated notable growth with March 2026 registrations surpassing last year's already elevated base to record the strongest March in over a decade.”
This growth reiterates the depth of end-user demand in the city, supported by stable economic conditions and sustained buyer confidence, Baijal added. Akhil Saraf, Founder & CEO of Reloy, also weighed in, stating, “Real estate has long been one of the most trusted investments, and property registrations reaching a 14-year high this March confirms that it remains a reliable asset — even when other asset classes are underperforming or volatile.”
The strong performance of the Mumbai property market is a testament to the city's enduring appeal as a preferred location for residential and investment purposes. The combination of a stable economy, robust demand, and buyer confidence continues to drive the sector forward, making Mumbai a key player in the national real estate landscape.
