Mumbai records highest Diwali-period property registrations in 4 years

Mumbai, the country’s largest and costliest property market, has sustained its momentum through the festive season, with Diwali-period registrations touching a four-year high and revenue collections growing at a faster pace, indicating an increase in the value of property transactions.

The country’s financial capital recorded 3,683 property registrations during the 11-day Diwali period in November, the highest in four years, while revenue collections rose 13% from a year ago to Rs 384 crore, according to data from the Inspector General of Registration and Controller of Stamps, Maharashtra.

Registrations between November 1 and 11 were marginally higher than the 3,668 recorded during the corresponding period last year, while revenue collections increased from Rs 339 crore in the year-ago period.


“While the marginal increase in Diwali-period registrations indicates that transaction volumes have remained broadly stable, the 13% rise in revenue collections points to a higher value of transactions being registered. The continued growth in registrations during the first 10 months of the year also reflects sustained homebuyer interest. This performance highlights the depth of demand in Mumbai's housing market and its ability to maintain momentum through key periods of the year,” said Shishir Baijal, International Partner, CMD, Knight Frank India.

The city’s residential market has maintained steady momentum in recent months. Mumbai recorded 12,690 property registrations in October, up 9% year-on-year. Between January and October 2026, registrations increased 7% to 1,32,040 units, reflecting sustained homebuyer demand despite an elevated base.

“The performance underscores the enduring depth and stability of Mumbai’s residential market. A four-year festive high indicates sustained confidence among affluent and aspirational homebuyers seeking trusted developers and integrated lifestyle developments. Combined with a 7% rise in cumulative registrations between January and October, the data reflects a structurally healthy market driven by genuine end-user demand and improving urban infrastructure,” said Navin Makhija, MD, The Wadhwa Group.

Property transactions also remained active during the periods preceding Diwali. Mumbai recorded 3,419 registrations during Shraddh, between September 26 and October 10, a period traditionally considered inauspicious for property purchases. Registrations subsequently increased to 4,680 during Navratri, between October 11 and 19, indicating continued buyer activity ahead of the festive season.

“What stands out this festive season is the seamless continuity of demand from Shraddh and Navratri straight through Diwali, signaling that buyer sentiment remains insulated from short-term fluctuations. As buyers and investors continue to prioritize thoughtfully designed properties with strong connectivity and lifestyle value, we expect this positive trajectory to carry well into 2027,” said Vedanshu Kedia, Director, Prescon Group.

The Diwali-period figures show a recovery in transaction activity over the past two years. Mumbai recorded 3,346 registrations during the corresponding 11-day period in 2023, before the number declined 30% to 2,339 in 2024. Registrations rebounded 57% to 3,668 in 2025 and remained broadly stable this year.

Revenue collections followed a similar upward trajectory, rising from Rs 252 crore in 2023 to Rs 231 crore in 2024, before increasing to Rs 339 crore in 2025 and Rs 384 crore in 2026.

The latest performance underscores the resilience of Mumbai’s residential property market, with transaction activity holding firm through the festive season and collections benefiting from higher-value registrations.