In the first quarter of 2026, property registrations in the Mumbai Municipal Region experienced a modest increase of 1%, totaling 40,231 units compared to 39,816 units during the same period last year, according to a report by Knight Frank. This growth is indicative of sustained demand in the real estate market, despite broader economic challenges. The data sourced from the Maharashtra government's Department of Registrations and Stamps highlights the resilience of the housing sector in Mumbai, which continues to attract buyers and investors alike.
March 2026 alone saw a significant uptick in activity, with the Mumbai city area, governed by the Brihanmumbai Municipal Corporation (BMC), recording 15,983 property registrations. This figure marks a 3% increase from the 15,501 registrations recorded in March 2025. The first two months of the year also contributed positively, with January registering 11,219 units and February showing 13,029 units. Notably, the total registrations for March represent the highest monthly volume for this month in the past 14 years, surpassing the previous record set in March 2025. This trend underscores the ongoing strength and resilience of the city's residential market.
Residential properties have continued to dominate the registration landscape, accounting for nearly 80% of the total transactions. Shishir Baijal, International Partner and Chairman & Managing Director at Knight Frank India, remarked on the notable growth, indicating that March 2026's figures have surpassed last year's elevated levels, marking the strongest March performance in over a decade. This growth trend reflects the depth of end-user demand in Mumbai, bolstered by stable economic conditions and sustained confidence among buyers. The data further illustrates the ongoing appeal of residential investments in the city.
Industry experts note that real estate remains a trusted investment avenue, with Akhil Saraf, Founder & CEO of proptech firm Reloy, emphasizing that the surge in property registrations confirms the sector's reliability, especially in times when other asset classes may be underperforming or volatile. This consistent performance in the Mumbai property market is not only a testament to the city's enduring appeal as a residential hub but also highlights the positive sentiment among buyers who view real estate as a stable investment option. As the market continues to evolve, the prospects for further growth in property registrations remain optimistic, fueled by ongoing demand and favorable economic indicators.