Mumbai Property Registrations Surge 1% in Q1 2026, Reaching 40,231 Units

Mumbai, Apr 1 (PTI) Property registrations in the Mumbai Municipal Region witnessed a 1% increase to 40,231 units in the January-March period, according to real estate consultant Knight Frank. This growth is attributed to strong demand in the region, particularly in the residential sector.

Registration of properties in Mumbai stood at 39,816 units in the same period last year. The data includes transactions from both the primary and secondary markets. Knight Frank cited information from the Maharashtra government's Department of Registrations and Stamps (IGR) to support these findings.

In March 2026, the Mumbai city area under BMC jurisdiction recorded 15,983 property registrations, marking a 3% increase from the 15,501 units registered in the same month last year. Property registrations in January and February 2026 stood at 11,219 units and 13,029 units, respectively.

This significant monthly registration volume for March is the highest observed in the past 14 years, surpassing the previous high recorded in March 2025. The consultant noted that this achievement underscores the continued depth and resilience of Mumbai’s residential market.

Residential properties continued to dominate the market, accounting for nearly 80% of total registrations. Shishir Baijal, International Partner, Chairman & Managing Director of Knight Frank India, highlighted the notable growth in Mumbai's residential market. He stated, “March 2026 registrations surpassed 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.”

Akhil Saraf, Founder & CEO of proptech firm Reloy, added, “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 robust performance of the property market in Mumbai is a positive indicator of the city's economic health and the confidence of buyers in the real estate sector. The continued growth in property registrations, particularly in the residential segment, suggests that the market is well-positioned for further expansion in the coming quarters.