Mumbai Property Registrations Rise 0.4% During Diwali 2026

Mumbai's residential property market recorded 3,683 registrations during the 11-day Diwali period in 2026. This represented a marginal increase of 0.4% year-on-year compared with 3,668 registrations during the corresponding period in 2025.

However, stamp duty revenue grew at a faster pace, reaching ₹384 crore against ₹339 crore a year earlier.

The figures are based on data from the Maharashtra Department of Registrations and Stamps, analysed by Knight Frank India.

Both property registrations and revenue collections recorded their highest levels for the corresponding Diwali period in the last four years.

Stamp Duty Revenue Increases 13% During Diwali

While registration volumes remained largely stable, revenue collections recorded stronger growth. Stamp duty revenue increased by 13% to ₹384 crore during the 2026 festive period.

The comparison with previous years highlights the change in Mumbai's property registration activity:

• Diwali 2026: 3,683 registrations and ₹384 crore revenue.
• Diwali 2025: 3,668 registrations and ₹339 crore revenue.
• Diwali 2024: 2,339 registrations and ₹231 crore revenue.
• Diwali 2023: 3,346 registrations and ₹252 crore revenue.

According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, the higher revenue growth indicates an increase in the value of transactions being registered.

He also noted that Mumbai's residential market maintained steady activity throughout the festive season.

Mumbai Records 1.32 Lakh Registrations Between January and October

The city's property market also maintained growth beyond the Diwali period. Mumbai recorded 12,690 property registrations in October 2026, representing a 9% increase compared with the same month last year.

Between January and October 2026, registrations reached 1,32,040 units. This was 7% higher than the corresponding period in 2025.

Knight Frank India said the continued increase in registrations reflects stable underlying housing demand. Homebuyer activity remained active across different periods of the festive calendar.

Also Read: Maharashtra Notifies New Lift and Escalator Safety Rules

Property Registrations Remain Active During Shraddh and Navratri

Mumbai also recorded substantial registration activity during Shraddh and Navratri in 2026. These periods preceded the Diwali celebrations.

• Shraddh 2026 (September 26 to October 10): 3,419 property registrations.
• Navratri 2026 (October 11 to October 19): 4,680 property registrations.

Shraddh is traditionally considered an inauspicious period for property purchases by some buyers. However, registration activity continued during these dates, according to Knight Frank India.

Also Read: Mumbai Homebuyers Take Longer to Book Homes This Diwali

Mumbai Housing Market Maintains Festive Season Momentum

The latest figures indicate that Mumbai's property market maintained transaction activity throughout the 2026 festive season.

Although registration volumes increased only marginally during Diwali, revenue collections recorded stronger growth.

The difference between registration and revenue growth points to higher-value transactions contributing to overall collections.

The January-to-October figures also show continued activity in the city's residential market.

With 1,32,040 registrations recorded in the first ten months of 2026, Mumbai continues to demonstrate sustained homebuyer participation across different periods of the year.

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