Mumbai’s real estate market delivered a record-breaking performance in February 2026, with the Brihanmumbai Municipal Corporation (BMC) recording 13,029 property registrations. The transactions generated over ₹1,134 crore in stamp duty revenue, marking the highest February figures in 14 years, according to Knight Frank India.
On a year-on-year basis, property registrations rose 8 per cent compared to February 2025, while stamp duty collections surged 21 per cent. Residential properties dominated the market, accounting for nearly 80 per cent of all registrations.
February 2026 saw a shift towards premium housing, signalling an upgrade cycle among homebuyers. Properties priced above ₹5 crore accounted for 8 per cent of registrations, up from 6 per cent last year. The ₹2–5 crore segment grew to 20 per cent from 17 per cent, while the ₹1–2 crore category rose to 33 per cent from 31 per cent. Meanwhile, the sub-₹1 crore segment’s share declined to 40 per cent from 46 per cent, reflecting rising buyer aspirations and preference for larger, well-located homes.
Industry experts noted that the premiumisation trend is driving both demand and higher stamp duty revenues.
Prashant Sharma, President of NAREDCO Maharashtra, said, “Recording over 13,000 registrations, the highest February performance in 14 years, highlights strong buyer confidence and a clear shift towards higher-value properties. Nearly 80 per cent of registrations are residential, showing the market remains end-user-led.”
Ram Naik, Co-founder & CEO of The Guardians Real Estate Advisory, added, “The data reflects a structural shift, with premium and upper mid-income segments gaining traction. While smaller apartments continue to dominate, buyers increasingly prefer larger, lifestyle-oriented homes.”
Kamlesh Thakur, Co-Founder of Srishti Group, noted, “The rise in the ₹1–5 crore segments shows upwardly mobile buyers are viewing homeownership as both a lifestyle upgrade and long-term investment. Demand for projects with strong connectivity and modern amenities remains robust.”
Shilpin Tater, Managing Director of Superb Realty, said, “The record registrations indicate resilient demand and active participation from aspirational and high-net-worth buyers, reinforcing confidence in Mumbai’s real estate growth.”
Shraddha Kedia-Agarwal, Director at Transcon Developers, observed, “The surge in premium transactions underscores quality-driven, value-accretive demand. Buyers are increasingly prioritising larger homes in well-connected micro-markets, signalling evolving priorities around comfort and liveability.”
Mumbai’s February 2026 performance demonstrates a strong, premium-led real estate market, setting the stage for continued growth in the coming months.
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