Mumbai Real Estate in 2026: Property Registrations Dip 8% in January to 11,219 Units, But Stamp Duty Collections Rise 2%
The Mumbai real estate market has always been complex. It rarely moves in a straight line. Some months show explosive growth, others show temporary slowdowns. January 2026 has presented one of those moments that look confusing at first glance. Property registrations in Mumbai fell by 8% year-on-year in January 2026, touching 11,219 units. Normally, such a dip would suggest weaker demand. But at the same time, stamp duty collections rose by 2%. That creates a contradiction. Fewer properties were registered, yet the government collected more revenue. To understand what this means, we must go beyond surface-level numbers and examine the structure of Mumbai real estate carefully. What Does an 8% Dip in Registrations Actually Mean? When we talk about property registrations, we are referring to the number of transactions officially recorded. A drop of 8% indicates fewer deals were closed compared to January of the previous year. However, real estate markets are influenced by seasonality. Dec...