Property registrations in Mumbai up 9% in October to 12,690 units: Knight Frank

What was reported

Real estate consultant Knight Frank India reported on 31 October 2026 that property registrations in the Mumbai municipal region reached 12,690 units in October 2026. That was up 9% from 11,649 units in October 2025, according to the comparison used in the release.

Stamp duty collections in the same month rose 12% year on year. One separate business report put the October collection at Rs 1,173 crore.

Knight Frank's reading of the data

Shishir Baijal, Chairman and Managing Director of Knight Frank India, said Mumbai's residential market continues to show exceptional resilience and depth. He said October's result came despite the overlap of Shraddh and a shorter effective registration period during Navratri.

Baijal also said the annual growth reflects the strength of end-user demand and sustained confidence among homebuyers.

Comparison with earlier figures

The October 2025 base needs care. Business Standard reported in October 2025 a Knight Frank estimate of around 11,200 registrations for that month, down 14% year on year. That figure differs from the 11,649 base used in this release.

Navratri periods have also shown sharp swings in recent years. Navratri 2025 (22 September to 1 October 2025) recorded 6,238 registrations, up 20%, with revenue of Rs 587 crore. Navratri 2026 (11 to 19 October 2026) recorded 4,680 registrations, down 25%, with revenue down 15% to Rs 499 crore, according to Knight Frank data reported by Business Today on 24 October 2026.

What the revenue gap suggests

Stamp duty collections grew by 12%, faster than registrations at 9%. One business outlet read this gap as a sign that buyers are moving toward higher-value and premium homes. That is that outlet's interpretation, not a finding stated by Knight Frank.

The same outlet advised investors to watch interest rates and inventory levels as the main factors for future demand. That is also the outlet's view and not a statement from Knight Frank.

What it means for buyers and investors

The release is a citywide total. It shows higher registration volume and higher stamp duty collections in October 2026 than a year earlier. It does not link these figures to changes in property prices or to any specific neighbourhood.

What comes next

The next monthly registration figures for Mumbai will show whether October's year-on-year growth holds into November. The Navratri 2026 dip and the October result will be the reference points for that comparison.