What was Mumbai's stamp duty collection in January 2026?

Mumbai's stamp duty collection in January 2026 exceeded ₹1,012 crore, reaching the highest point in 14 years for that month.

What types of properties drove the increase in stamp duty revenue in Mumbai?

The increase was driven by higher-value transactions, particularly homes above ₹5 crore and properties in the ₹1-2 crore bracket, which saw an increased market share.

What is the current trend in Mumbai's property market as of January 2026?

As of January 2026, Mumbai's property market shows a trend towards higher-value transactions, with sustained end-user confidence despite seasonal moderation in registrations.

Home / Business and Economy / Mumbai Property Boom: Stamp Duty Hits 14-Year High

Mumbai Property Boom: Stamp Duty Hits 14-Year High

8 Feb

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Summary

Mumbai stamp duty revenue surpassed ₹1,012 crore in January 2026.
Higher-value property transactions saw a significant increase.
Despite fewer registrations, stamp duty collections rose significantly.

Mumbai Property Boom: Stamp Duty Hits 14-Year High

In January 2026, Mumbai's stamp duty collections soared to over ₹1,012 crore, achieving the highest figure for the month in 14 years. This impressive revenue growth was recorded despite a year-on-year decline of 8% in property registrations, which totaled 11,219 units.

The increase in stamp duty revenue signals a notable trend towards higher-value property transactions. Homes priced above ₹5 crore represented 7% of all registrations, an increase from 6% in January 2025. Properties in the ₹1-2 crore range also saw their share grow from 30% to 33%.

Residential properties continued to be the dominant segment, making up approximately 80% of all registrations. The Western and Central Suburbs were the primary hubs of activity, collectively accounting for 87% of total transactions, with the Western Suburbs leading at 57%.