Mumbai, the country’s largest and most expensive property market, continued to scale new highs by recording its best September ever in terms of both registration of property deals and stamp duty collection led by robust homebuyer sentiment, stable economic conditions, and large-scale infrastructure development.
The market’s performance defying the traditional slowdown during the fortnight of shraddha or Pitrupaksha that is considered inauspicious for new purchases, has also helped the state exchequer fetch highest ever revenue through stamp duty collection.
The city recorded registration of 11,880 property deals in September, a 30% rise from a year ago, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. Stamp duty revenue surged 44% on-year to Rs 1,266 crore, making it the best-ever September collection on record.
"The resilience of Mumbai’s housing market continues to surprise. Despite the two-week period when buyers usually defer purchase decisions, transactions have not only remained strong but set new benchmarks. This clearly reflects confidence in long-term fundamentals, the strength of buyer demand and the appeal of quality housing projects,” said , Anuj Goradia, Director, Dosti Realty.
The performance in September has further strengthened the financial year trend. With nine months gone in 2025–26, both registrations and revenue collections remain on course for another record-setting year, supported by steady end-user demand and an ongoing shift toward higher-value purchases.
“The market is showing a decisive preference for ownership of homes, aided by infrastructure upgrades and rising household incomes. Even in traditionally slower months, buyers are stepping in to close deals. Lower home loan rates are also supporting the activity. This speaks volumes of the robust confidence in Mumbai’s real estate as a long-term asset class,” said Parthh K Mehta, CMD, Paradigm Realty.
On a sequential basis too, the momentum has improved compared to August, which had seen 11,230 registrations and Rs 1,000 cr stamp duty collection, underlining a structural demand environment rather than month-specific spikes. Year-on-year growth, however, has been the standout with September posting the sharpest annual jump seen so far in this year.
Residential properties continued to dominate transactions, accounting for the bulk of registrations during the month. Analysts point out that the high revenue collection despite the volume being only moderately higher than August indicates a continued tilt toward larger and premium apartments.
The strong showing in September highlights that home buyers are increasingly willing to look past traditional barriers such as inauspicious periods when making purchase decisions. The market’s depth, supported by improved connectivity and a diversified supply pipeline, suggests that momentum is likely to carry forward into the festival season, a period that typically sees heightened activity.
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The market’s performance defying the traditional slowdown during the fortnight of shraddha or Pitrupaksha that is considered inauspicious for new purchases, has also helped the state exchequer fetch highest ever revenue through stamp duty collection.
The city recorded registration of 11,880 property deals in September, a 30% rise from a year ago, showed data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. Stamp duty revenue surged 44% on-year to Rs 1,266 crore, making it the best-ever September collection on record.
"The resilience of Mumbai’s housing market continues to surprise. Despite the two-week period when buyers usually defer purchase decisions, transactions have not only remained strong but set new benchmarks. This clearly reflects confidence in long-term fundamentals, the strength of buyer demand and the appeal of quality housing projects,” said , Anuj Goradia, Director, Dosti Realty.
The performance in September has further strengthened the financial year trend. With nine months gone in 2025–26, both registrations and revenue collections remain on course for another record-setting year, supported by steady end-user demand and an ongoing shift toward higher-value purchases.
“The market is showing a decisive preference for ownership of homes, aided by infrastructure upgrades and rising household incomes. Even in traditionally slower months, buyers are stepping in to close deals. Lower home loan rates are also supporting the activity. This speaks volumes of the robust confidence in Mumbai’s real estate as a long-term asset class,” said Parthh K Mehta, CMD, Paradigm Realty.
On a sequential basis too, the momentum has improved compared to August, which had seen 11,230 registrations and Rs 1,000 cr stamp duty collection, underlining a structural demand environment rather than month-specific spikes. Year-on-year growth, however, has been the standout with September posting the sharpest annual jump seen so far in this year.
Residential properties continued to dominate transactions, accounting for the bulk of registrations during the month. Analysts point out that the high revenue collection despite the volume being only moderately higher than August indicates a continued tilt toward larger and premium apartments.
The strong showing in September highlights that home buyers are increasingly willing to look past traditional barriers such as inauspicious periods when making purchase decisions. The market’s depth, supported by improved connectivity and a diversified supply pipeline, suggests that momentum is likely to carry forward into the festival season, a period that typically sees heightened activity.
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