Mumbai, November 13, 2026 (Yes Punjab News)
Mumbai’s residential property market recorded its strongest Diwali-period performance in four years, with 3,683 property registrations during the 11-day festive window this year, according to a report by Knight Frank India.
The registrations marked a marginal 0.4 per cent increase over the 3,668 transactions recorded during the corresponding period last year. However, revenue collections grew at a significantly faster pace, rising 13 per cent year-on-year to Rs 384 crore.
Both registration volumes and revenue collections reached their highest levels for the corresponding Diwali period in the past four years, reflecting continued activity in the city’s housing market.
The festive-season performance follows a steady trend in recent months. Mumbai recorded 12,690 property registrations in October, a 9 per cent increase compared with the same month last year.
Between January and October 2026, registrations rose 7 per cent year-on-year to 1,32,040 units, despite the relatively high base of the previous year.
Shishir Baijal, International Partner, Chairman and Managing Director of Knight Frank India, said Mumbai’s residential market had maintained steady activity throughout the festive season.
He noted that while Diwali-period registration volumes increased only marginally, the 13 per cent rise in revenue collections indicated a higher value of transactions being registered.
Baijal added that continued growth during the first 10 months of the year reflected sustained homebuyer interest and the depth of demand in Mumbai’s housing market.
Property transactions also remained active during other festive periods. The city recorded 3,419 registrations during Shraddh 2026, traditionally considered an inauspicious period for property purchases, followed by 4,680 registrations during Navratri.
The continued activity across these periods indicates that homebuyers remained engaged with the market ahead of Diwali, the report said.
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