Mumbai Posts Best January Stamp Duty Collections in 14 Years

09 Feb 2026 CW Team

While registrations declined 8 per cent year-on-year, January 2026 still marked the second-highest January in terms of volumes over the past 14 years. Stamp duty collections rose 2 per cent year-on-year, reflecting a higher share of large-ticket transactions and sustained end-user demand.

Residential properties dominated market activity, accounting for nearly 80 per cent of total registrations. Homes priced above Rs 50 million made up 7 per cent of transactions, up from 6 per cent a year earlier, indicating continued traction in the luxury segment. The share of properties priced between Rs 20 million and Rs 50 million also increased, while the sub-Rs 10 million segment saw a decline.

Sequentially, registrations fell 22 per cent and stamp duty collections declined 19 per cent compared to December 2025, in line with the seasonal moderation typically seen in January following a strong year-end.

Smaller homes continued to lead demand, with units up to 1,000 sq ft accounting for 83 per cent of registrations. The 500–1,000 sq ft category remained the most preferred. Suburban markets dominated activity, with the Western and Central Suburbs together contributing 87 per cent of total registrations, while South Mumbai accounted for 8 per cent.

Commenting on the trends, Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, “Mumbai’s housing market began 2026 on a firm footing, recording its highest January stamp duty collections in 14 years, driven by a clear shift toward higher-value transactions. While registration volumes eased year-on-year, this partly reflects typical January seasonality. The resilience in revenue points to sustained end-user confidence, supported by stable economic conditions and ongoing infrastructure development.”

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Mumbai recorded its highest January stamp duty collections in 14 years, generating over Rs 10.12 billion from property registrations in January 2026, according to Knight Frank India. A total of 11,219 property registrations were recorded within the BMC jurisdiction during the month.While registrations declined 8 per cent year-on-year, January 2026 still marked the second-highest January in terms of volumes over the past 14 years. Stamp duty collections rose 2 per cent year-on-year, reflecting a higher share of large-ticket transactions and sustained end-user demand.Residential properties dominated market activity, accounting for nearly 80 per cent of total registrations. Homes priced above Rs 50 million made up 7 per cent of transactions, up from 6 per cent a year earlier, indicating continued traction in the luxury segment. The share of properties priced between Rs 20 million and Rs 50 million also increased, while the sub-Rs 10 million segment saw a decline.Sequentially, registrations fell 22 per cent and stamp duty collections declined 19 per cent compared to December 2025, in line with the seasonal moderation typically seen in January following a strong year-end.Smaller homes continued to lead demand, with units up to 1,000 sq ft accounting for 83 per cent of registrations. The 500–1,000 sq ft category remained the most preferred. Suburban markets dominated activity, with the Western and Central Suburbs together contributing 87 per cent of total registrations, while South Mumbai accounted for 8 per cent.Commenting on the trends, Shishir Baijal, Chairman and Managing Director, Knight Frank India, said, “Mumbai’s housing market began 2026 on a firm footing, recording its highest January stamp duty collections in 14 years, driven by a clear shift toward higher-value transactions. While registration volumes eased year-on-year, this partly reflects typical January seasonality. The resilience in revenue points to sustained end-user confidence, supported by stable economic conditions and ongoing infrastructure development.”

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..