Mumbai’s real estate market maintained strong momentum in March 2026, with property registrations hitting a 14-year high, according to data from Knight Frank India. Registrations recorded within the Brihanmumbai Municipal Corporation (BMC) limits crossed 15,516, marking the highest March performance in over a decade.
The surge follows February, where registrations and stamp duty collections saw year-on-year growth. This comes despite a relatively weaker start to the year, as January 2026 witnessed an 11% year-on-year decline in residential unit launches, totaling 15,771 units.
On a month-on-month basis, registrations in March rose by 19% compared to February, while stamp duty collections jumped sharply by 32%, reaching approximately ₹1,492 crore. However, on a year-on-year basis, while registrations remained largely stable, stamp duty collections declined by 6% compared to March 2025. This divergence suggests a shift in the nature of transactions rather than a slowdown in overall demand.
Segment-wise, the data indicates a clear shift towards mid-income housing. Properties priced between ₹1 crore and ₹2 crore accounted for 38% of total registrations in March 2026, up significantly from the previous year. In contrast, the share of homes priced below ₹1 crore declined from 46% to 39%, reflecting reduced traction in the affordable segment.
Meanwhile, the higher-value segments, including properties priced between ₹2 crore and ₹5 crore and above, remained stable, indicating sustained demand at the premium end.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.