Registrations increased just 0.4% from last year, while higher revenue collections pointed to an increase in the value of transactions.
Highlights
- Mumbai registered 3,683 properties during the 11-day Diwali period.
- Registrations edged up 0.4% from 3,668 in 2025.
- Revenue collections rose 13% to ₹384 crore.
- Both figures were the highest for the corresponding period in four years.
- January–October registrations increased 7% to 1,32,040.
Mumbai’s property market recorded its strongest Diwali registration figures in four years in 2026, although transaction volumes grew only marginally from last year. Revenue collections increased more sharply, suggesting that higher-value transactions supported the festive performance.
The city recorded 3,683 property registrations during the 11-day Diwali period, according to Maharashtra Department of Registrations and Stamps data analysed by Knight Frank India, as reported by Zee Business. This represented a 0.4% increase from 3,668 registrations during the corresponding period in 2025.
Revenue collections rose 13% year-on-year to ₹384 crore, compared with ₹339 crore a year earlier. Both registrations and revenue reached their highest levels for the corresponding Diwali period in the past four years.
How the festive numbers compare
Mumbai recorded 3,346 property registrations and revenue collections of ₹252 crore during the 11-day Diwali period in 2023.
In 2024, registrations declined 30% to 2,339, while revenue collections fell 8% to ₹231 crore. The following year brought a strong recovery, with registrations increasing 57% to 3,668 and collections rising 47% to ₹339 crore.
Against that elevated base, the 2026 figures indicate broadly stable transaction activity, accompanied by stronger revenue growth.
What does this say about demand?
According to Knight Frank India, the continued activity reflects stable underlying housing demand and sustained buyer interest through the festive season.
Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said the marginal increase in registrations indicated largely steady transaction volumes. The sharper rise in revenue collections, meanwhile, pointed to a higher value of transactions being registered.
The figures therefore suggest that Mumbai’s housing market maintained momentum, though the Diwali numbers show limited growth in transaction volumes.
Growth extends beyond Diwali
Mumbai registered 12,690 properties in October 2026, up 9% year-on-year. During January–October, registrations increased 7% to 1,32,040 compared with the corresponding period last year.
Activity also continued ahead of the festive season. The city recorded 3,419 registrations during Shraddh, between September 26 and October 10—a period traditionally considered inauspicious for property purchases.
During Navratri, from October 11 to October 19, registrations stood at 4,680.
Taken together, the figures show that registration activity remained steady across several periods, with the first 10 months of the year providing a broader indication of sustained demand.
