Mumbai Property Registrations Rise 8% in February, Mid-Premium Segment Leads Demand

Mumbai's residential property registrations reached a 14-year high in February 2026, with 13,029 transactions marking an 8% year-on-year increase. Stamp duty revenue surged 21%, reflecting a shift toward mid-to-premium and luxury homes priced above Rs 2 crore, which now dominate 28% of sales. The Western Suburbs and expanding infrastructure, including the Coastal Road, are driving demand, while affordable housing below Rs 1 crore saw a decline in market share. Industry experts attribute growth to end-user demand amid cautious luxury segment sentiment.