September 30, 12:56Aaj Tak

Record real estate registration volume recorded in Mumbai in September 2026, linked to Ganesh Chaturthi festival.

The festive season has breathed new life into the Mumbai real estate market. In September 2026, 12,622 property deals were registered in the city, marking the highest figure for September in the last 14 years. According to a Knight Frank India report, this represents a 5% increase compared to the previous year. However, stamp duty collection decreased by 5%, bringing in revenue of 1,227 crore rupees for the Maharashtra government this month.

Ganesh Chaturthi made a significant contribution. Between September 14 and 25, 5,379 property deals were registered in Mumbai. This figure exceeds last year's level by 22% and demonstrates the best result during the festive season in the last four years. During this period alone, stamp duty collected 640 crore rupees, which accounts for more than half of the total collection for the entire month and is 32% higher than last year.

Shishir Bajal, Chairman and Managing Director of international partner Knight Frank India, noted that demand for residential real estate in Mumbai remains dynamic. The highest registration figure recorded in September 2026 for over 14 years was supported by an annual growth of 22% during Ganesh Chaturthi (September 15–24). Buyers continue to focus on specific projects, and projects with good location and quality infrastructure will remain a priority for buyers in the future.

According to data from the Maharashtra government's Registration and Taxation Department, the registration statistics for September were as follows: in September 2013, 4,116 units were registered with revenue of 247 crore; in September 2014, 4,781 units with revenue of 383 crore; in September 2015, 4,807 units with revenue of 370 crore; in September 2016, 4,429 units with revenue of 287 crore; in September 2017, 5,714 units with revenue of 442 crore; in September 2018, 5,913 units with revenue of 433 crore; in September 2019, 4,032 units with revenue of 348 crore; in September 2020, 5,597 units with revenue of 181 crore; in September 2021, 7,804 units with revenue of 529 crore; in September 2022, 8,628 units with revenue of 734 crore; in September 2023, 10,694 units with revenue of 1,127 crore; in September 2024, 9,111 units with revenue of 877 crore; in September 2025, 12,070 units with revenue of 1,292 crore; and in September 2026, 12,622 units with revenue of 1,227 crore.

Statistics on registrations and revenues during Ganesh Chaturthi in recent years were also presented: in 2023 (September 19–28), 3,782 deals were registered with revenue of 362 crore; in 2024 (September 7–17), 3,405 deals (a decrease of 10%) with revenue of 447 crore (an increase of 23%); in 2025 (August 27 – September 6), 4,392 deals (an increase of 29%) with revenue of 485 crore (an increase of 9%); and in 2026 (September 14–25), 5,379 deals (an increase of 22%) with revenue of 640 crore (an increase of 32%).

The current market sentiment indicates that buyers remain selective. Projects with good location, improved infrastructure, and quality construction are of greatest interest. September figures suggest that the Mumbai housing market is capitalizing on the festive season while maintaining underlying demand stability.

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business-standard.comSeptember 25, 14:59

Mumbai ranks 8th in global cities' elite housing price growth with 6.2% increase in Q2

According to the Knight Frank Prime Global Cities index for the second quarter of 2026, Mumbai ranked eighth globally, noting a 6.2% year-on-year increase in prices for elite residential real estate.

The second quarter of 2026 showed significant growth in luxury housing prices in Mumbai—6.2% compared to the previous year. This figure is more than double the global average of 2.6% across 46 cities. Meanwhile, elite housing prices in Mumbai increased by 1.7% quarter-on-quarter.

Other Indian cities also entered the top 20 global real estate markets: Bengaluru ranked 12th with an annual price growth of 4.5%, and New Delhi was 17th, showing a 3.9% increase.

Market Growth Details

Shishir Bajal, International Partner, Chairman, and Managing Director of Knight Frank India, noted that Mumbai's position among the ten leading global elite real estate markets is significant against the backdrop of a more moderate pace of global price growth. He emphasized that the 6.2% annual increase reflects high demand in the premium segment, supported by quality, location, and unique housing offerings.

In Bajal's view, this strengthens Mumbai's status as a market where elite real estate assets are closely linked to long-term capital accumulation and limited supply for buyers and investors.

Overall, as of the second quarter of 2026, global elite housing prices rose by 2.6% year-on-year. Of the 46 tracked cities, 32 recorded price increases, while 15 showed declines.

On a quarterly basis, 28 markets demonstrated price growth, 17 saw decreases, and two markets remained unchanged.

Global Leaders and Trends

Tokyo led the global ranking, where elite housing prices rose by 50.7% annually and 12.6% quarterly. It was followed by Manila with an annual growth of 14.6%, while Dubai and Singapore took third and fourth places, respectively, showing increases of 10.9% and 9.5%.

Asian markets dominated the top of the rankings; Seoul also made it into the top 10 with an annual growth of 6.4%. Vienna recorded an annual growth of 5.9%, and Stockholm's was 2.6%. At the opposite end of the index, Beijing registered the sharpest decline at 8.4%, followed by Toronto with a drop of 7.3% and Wellington at 5.4%. Elite housing prices in London fell by 3.6% over the year.

Liam Bailey, Global Head of Research at Knight Frank, stated that the latest results indicate a modest improvement in conditions in the global elite housing market. He added that the annual growth has strengthened, and more cities are now recording price increases, with quarterly gains spreading beyond the markets that initially led the recovery.

Nevertheless, he stressed that the dynamics remain highly differentiated, and future results will depend on local supply, currency fluctuations, wealth creation, and interest rate trajectories at the individual city level.

www.aajtak.inSeptember 25, 13:36

According to Night Frank, prices for luxury housing in Mumbai have risen and ranked 8th in the global rating; Delhi and Bangalore are also in the top 20

According to the latest report from Night Frank, the cost of luxury residential real estate in Mumbai increased by 6.2 percent over the year. As a result, this growth allowed Mumbai to enter the top 10 of the global ranking for luxury housing prices. Meanwhile, Bangalore ranked 12th, and New Delhi ranked 17th.

The Prime Global Cities Index Q2 2026 report from Night Frank shows that the 6.2 percent price increase in Mumbai is more than double the global average of 2.6 percent. Furthermore, in the quarter covering April–June 2026, prices for luxury real estate in Mumbai rose by 1.7 percent quarter-on-quarter.

In Night Frank's global ranking, three Indian cities made it into the top 20 list. Mumbai is ranked eighth, Bangalore twelfth, and New Delhi seventeenth. The annual increase in luxury real estate prices in Bangalore was 4.5 percent, while in New Delhi, prices rose by 3.9 percent. Quarter-on-quarter, Bangalore saw a growth of 1 percent, whereas in Delhi, there were no changes in prices.

In the global ranking, Japan's capital, Tokyo, was in first place. Prices for luxury residential real estate in Tokyo rose by 50.7 percent over 12 months. In Q2 2026, Tokyo also recorded a quarterly price increase of 12.6 percent. Manila was second with an annual increase of 14.6 percent. Dubai took third place with a rise of 10.9 percent, Singapore fourth with a rise of 9.5 percent, and Nairobi fifth with a rise of 8.5 percent. Following these are Christchurch sixth (6.9%), Seoul seventh (6.4%), Mumbai eighth (6.2%), Vienna ninth (5.9%), and San Francisco tenth (5.0%).

Not all cities demonstrated price growth in the luxury real estate market; some major cities recorded a decrease in value. The largest drop was noted in Beijing, the capital of China, where luxury real estate prices fell by 8.4 percent, marking the most significant decline in the index. This is followed by Toronto with a drop of 7.3 percent and Wellington with a drop of 5.4 percent. London also saw a decrease in luxury residential property prices by 3.6 percent over the year. According to Night Frank, prices rose in 32 cities year-on-year, while they decreased in 15 cities. Quarter-on-quarter, price growth was recorded in 28 markets, a decrease in 17, and no change in two.

Shishir Baijal, Chairman and Managing Director of Night Frank India, noted that Mumbai's inclusion in the top 10 is an important achievement despite the moderate pace of growth in the global luxury real estate market. He emphasized that the 6.2 percent annual growth in Mumbai indicates strong demand for the premium housing market. Price growth is supported by factors such as location, quality, and diversity of housing products. Limited supply also leads to elite assets being viewed as a means of long-term capital accumulation.

Night Frank reports that in Q2 2026, the annual growth of global luxury real estate prices was 2.6 percent, higher than the 2 percent figure in the previous quarter. Thus, the pace of price growth in the global market has slightly accelerated. Liam Belly, Global Head of Research at Night Frank, stated that signs of a slight improvement have appeared in the global luxury housing market. However, he added that results vary greatly across different cities, and future trends will depend on local supply, currency fluctuations, wealth creation processes, and interest rates.