Mumbai Property Registrations Surge to Four-Year High During Diwali

Mumbai, November 13 (Daily Kiran) : A recent report reveals that Mumbai experienced a significant spike in property registrations during the Diwali festival, with a total of 3,683 properties registered over 11 days. This figure represents a 0.4% increase from the 3,668 registrations recorded during the same period last year.

According to the report by Knight Frank, the surge in property registrations has also led to a notable rise in government revenue, which climbed by 13% year-on-year to reach ₹384 crores. This trend indicates that the residential market in Mumbai remains active, even amid the festive season.

The real estate market in Mumbai has shown steady activity since October. In that month alone, the city registered 12,690 properties, marking a 9% increase compared to October of the previous year. From January to October 2026, a total of 132,040 property registrations were recorded, up 7% from the same period last year. This growth is particularly impressive given the already strong foundation of the market.

Knight Frank’s findings suggest that the consistent rise in property registrations reflects ongoing demand for residential properties in Mumbai. Even during the festive season, buyer activity has remained robust.

Shishir Baijal, International Partner, Chairman, and Managing Director of Knight Frank India, commented on the stability of the residential market during the festive period. He noted that the slight increase in registrations during Diwali indicates that transaction volumes have remained largely stable. The 13% rise in revenue suggests that transactions involving higher-value properties have taken place.

Baijal further emphasized that the continuous increase in property registrations over the first ten months of 2026 demonstrates strong interest from homebuyers. The performance of Mumbai’s residential market showcases robust demand and indicates that it can maintain momentum during critical periods of the year.

The report also highlighted that during the Shradh period of 2026, there were 3,419 property registrations, a time typically considered inauspicious for property purchases. This was followed by 4,680 registrations during the Navratri festival. The active registration activity during both periods suggests that buyer interest remained high leading up to Diwali, reinforcing the strength of demand in the residential market.