Daijiworld Media Network - Mumbai

Mumbai, Mar 1: Mumbai witnessed a record surge in property registrations in February 2026, with 13,029 transactions generating over Rs 1,134 crore in stamp duty revenue, marking the city’s highest February performance in 14 years, according to a report by Knight Frank India. Registrations rose 8 per cent year-on-year (YoY), while stamp duty collections jumped 21 per cent YoY, reflecting a rise in premium and high-value property deals.

Residential properties dominated the market, accounting for nearly 80 per cent of total registrations. The sustained momentum is attributed to robust end-user demand, stable macroeconomic conditions, ongoing infrastructure development, and improved buyer sentiment.

Shishir Baijal, Chairman and Managing Director of Knight Frank India, noted that the data points to a structurally strong and resilient residential market rather than a short-term spike.

Transformative projects such as the Coastal Road and major link corridors, along with the Brihanmumbai Municipal Corporation’s largest-ever budget, are expected to enhance connectivity and expand residential catchment areas, reinforcing growth prospects.

The report highlighted a notable shift toward premium housing: properties priced above ?5 crore accounted for 8 per cent of registrations, up from 6 per cent a year earlier. Mid-tier segments—Rs 2–5 crore and Rs 1–2 crore—also saw growth, rising to 20 per cent from 17 per cent and 33 per cent from 31 per cent, respectively.

Apartments up to 1,000 sq ft comprised 81 per cent of all registrations, with the Western Suburbs consolidating their position as Mumbai’s most active housing corridor. Knight Frank’s report emphasised that demand is increasingly concentrated in well-connected suburban micro-markets offering a balance of accessibility, liveability, and pricing flexibility, positioning them as the key growth drivers of the city’s housing sector.