Mumbai Sees Highest May Property Registrations in 14 Years, Housing Demand Firm

Mumbai’s residential property market recorded 12,403 registrations in May 2026 within the jurisdiction of the Brihanmumbai Municipal Corporation (BMC), marking a 7 per cent increase over the corresponding period last year, according to data from Maharashtra’s Department of Registration and Stamps reviewed by Knight Frank India. The registrations reflect transactions across both primary and secondary real estate markets and represent the strongest May performance in more than a decade.

The latest figures show that property registrations rose from 11,565 units recorded in May 2025. However, activity moderated on a month-on-month basis, with registrations declining from 14,285 units reported in April 2026.

In its assessment of the market, Knight Frank India stated that the May 2026 registration volume was the highest recorded for the month of May in the past 14 years. The consultant noted that the latest performance surpassed the previous May record established in 2025, underscoring the continued momentum in Mumbai’s residential market.

The data covers all registered property transactions within Mumbai city falling under the BMC’s administrative limits. Registration activity is widely tracked as an indicator of housing market demand because it captures completed transactions across different residential segments and price categories.

Commenting on the trend, Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said Mumbai’s housing market continued to exhibit resilience despite evolving economic conditions. He indicated that the sustained level of registrations reflected the depth of end-user demand and highlighted continued confidence among homebuyers in the city’s residential sector.

Market participants also pointed to the ability of Mumbai’s housing market to maintain demand momentum amid a challenging global backdrop. Akhil Saraf, founder of PropTech firm Reloy, observed that housing demand in the city remained robust despite economic uncertainties arising from the ongoing conflict in West Asia.

The latest registration data adds to evidence of continued residential market activity in Mumbai, which remains one of India’s largest and most closely watched property markets. While monthly volumes fluctuated compared with April’s elevated levels, the year-on-year increase and record May performance indicate that homebuyer interest remained intact during the month, supported by sustained participation across the city’s residential property market.