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%.

Compact units, measuring up to 1,000 square feet, remained the most popular choice, comprising 83% of all registered properties. Month-on-month, both property registrations and revenue experienced a decline in January, falling by 22% and 19% respectively from December 2025 figures, a typical seasonal moderation after a strong end to the previous year.

Industry experts attribute this robust performance to sustained end-user confidence, bolstered by stable economic conditions and ongoing infrastructure development. The data also highlights a growing demand in the premium property segment, even as affordability challenges persist in the sub-₹1 crore category.