Summary of this article
Mumbai recorded 3,683 Diwali-period property registrations in 2026.
Registrations rose 0.4 per cent year-on-year to a four-year high.
Revenue collections increased 13 per cent to Rs 384 crore.
Mumbai’s property market has continued to be resilient during the 2026 festive season, recording the highest Diwali-period property registrations in four years in the residential sector. According to a report by Knight Frank India, the city registered 3,683 properties during the 11-day Diwali period between November 01, 2026 and November 11, 2026.
This year marked a marginal increase of 0.4 per cent as compared to 3.668 registrations recorded during the corresponding period in 2025. While the growth in registration volumes has remained modest, revenue collections have witnessed a stronger increase.
The Maharashtra government’s Department of Registrations and Stamps collected Rs 384 crore during the 11 days, registering a 13 per cent year-on-year rise from Rs 339 crore in 2025. Both property registrations and revenue collections reached their highest levels for the corresponding Diwali period in the last four years, indicating sustained activity in Mumbai’s real estate market.
The figures in Knight Frank's latest release suggest that homebuyers' interest in Mumbai has remained stable despite elevated prices. The city’s property market has maintained its growth momentum since October 2026, when it recorded 12, 690 property registrations, reflecting a 9 per cent increase compared to the same time last year. Between January 2026 and October 2026, Mumbai recorded 1,32,040 property registrations, marking a 7 per cent year-on-year increase. The continued growth in registrations points towards stable underlying housing demand, with homebuyers' activity remaining consistent through the festive season.
The higher growth in revenue collections compared to registration volumes also indicates an increase in the overall value of property transactions registered during this period.
Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, said, “Mumbai's residential market has maintained a steady pace of activity through the festive season. 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.”
Registration Data
The registration data highlights fluctuations in Mumbai’s property market during the Diwali period over the past four years. In Diwali 2023, the city recorded 3,346 property registrations, generating Rs 252 crore in revenue. The following year witnessed a decline, with registrations dropping by 30 per cent to just 2,339 units being registered. Meanwhile, revenue collections declined 8 per cent to Rs 231 crore. The market has recovered strongly in 2025, when registrations increased 57 per cent on a year-on-year basis to 3,668 properties, while revenue collections rose 47 per cent to Rs 339 crore.
Homebuyer activity in Mumbai has also remained strong during periods traditionally considered less favourable for property purchases. The continued activity across all religious and cultural observances indicates that property transactions in Mumbai are no longer restricted to specific buying windows.
