The data
Mumbai registered 12,690 property transactions in October 2026, up 9% from 11,649 in October 2025, according to data from the Maharashtra Department of Registration and Stamps analysed by property consultant Knight Frank India.
Stamp duty collections for the month were ₹1,173 crore, compared with ₹1,040 crore a year earlier, Business Standard reported. That is an increase of nearly 13%; Hindustan Times put the growth at 12%.
Registration data are a measure of transactions that have been formally recorded with the state, and are widely tracked as a monthly indicator of activity in the city's property market.
Festive calendar effect
The rise came despite a festival calendar that usually slows registrations. The Shraddh period — traditionally seen as an inauspicious time for property purchases — ran from 26 September to 10 October this year and fell largely within October. It was followed by Navratri, which reduced the number of working days at registration offices.
During Shraddh, Mumbai recorded 3,419 registrations, 2% higher than in the corresponding period last year. Average daily registrations rose to 311, from 306 during Shraddh 2025, according to Knight Frank.
In the nine days of Navratri, registrations stood at 4,680, lower than in 2025. Knight Frank said the comparison was affected by fewer effective registration days during the festival this year, and that daily activity remained broadly stable.
Year-to-date picture
Between January and October 2026, Mumbai recorded 132,040 registrations, 7% more than in the same period of 2025. Stamp duty collections over the ten months rose 5% to ₹11,756 crore, from ₹11,186 crore.
Business Standard reported that October was the ninth consecutive month with more than 12,000 registrations in the city. Knight Frank noted that volumes are more than double those recorded a decade ago.
Shishir Baijal, chairman and managing director of Knight Frank India, said the year-on-year growth was encouraging because it was achieved despite the overlap with Shraddh and a shorter effective registration window during Navratri, and that it reflected end-user demand and buyer confidence.
What it means for buyers
Because stamp duty collections grew faster than the number of registrations, the data imply a higher average value per registered transaction in October compared with a year ago. The monthly figures released do not break down transactions by price band or property type.
With registrations now running steadily above 12,000 a month, the city's market appears to be in a high-volume phase rather than a sharp upswing; year-to-date growth of 7% comes on top of a base that was already historically high. Knight Frank said the market was well positioned as it entered the Diwali period, and November's figures will show whether the festive season adds momentum.
For homebuyers and sellers, the data are a city-wide average; activity and pricing can differ considerably by neighbourhood, project and whether a home is under construction or ready to move in.
Sources
- Hindustan Times: Ahead of Diwali, Mumbai records 12,690 property registrations in October, up 9%; stamp duty collections rise 12% — published 1 November 2026.
- Business Standard: Mumbai property registrations rise 9% in October, stamp duty up 13% — published 1 November 2026.