Mumbai Property Registrations Reach Four Year Diwali High as Revenue Rises 13% to ₹384 Crore

Knight Frank India’s analysis of Maharashtra IGR data records 3,683 registrations during the 11 day festive period, with industry leaders pointing to continued demand for premium homes.

Mumbai Property Registrations Reach Four Year Diwali High as Revenue Rises 13% to ₹384 Crore
Mumbai, November 2026: Mumbai’s residential property market recorded its highest Diwali period registrations and revenue collections in four years during the 2026 festive season, according to data from the Maharashtra Department of Registrations and Stamps (IGR) analysed by Knight Frank India.
The city registered 3,683 properties during the 11 day Diwali window, compared with 3,668 registrations during the corresponding period in 2025.
This represented a marginal annual increase of 0.4%.
Revenue collections grew at a considerably faster rate, rising 13% to ₹384 crore from ₹339 crore a year earlier.
The difference between registration growth and revenue growth has drawn attention from real estate developers, who see it as an indication of continued interest in higher value residential properties.

REGISTRATION VOLUMES REMAIN STABLE AS REVENUE INCREASES
The figures indicate that Mumbai’s festive property transaction volumes remained broadly stable despite the previous year’s relatively high base.
The 15 additional registrations recorded during the 2026 period represent modest growth in the number of transactions.
However, revenue collections increased by ₹45 crore compared with the corresponding Diwali period last year.
Industry representatives believe the faster rise in collections reflects demand for properties in the mid premium and luxury housing segments.
The supplied figures do not provide a breakdown of registrations by property price, location or configuration, so the precise contribution of individual housing categories cannot be established from this data alone.

GUARDIANS REAL ESTATE ADVISORY POINTS TO BUYER CONFIDENCE
Ram Naik, Co-founder and CEO of The Guardians Real Estate Advisory, described the figures as an indication of a stable housing market supported by buyer demand.
“The 2026 Diwali registration figures reflect a mature, confident, and value-driven Mumbai housing market.”
Naik highlighted the difference between transaction volumes and revenue growth, attributing it to activity in higher value residential segments.
He also pointed to continued buying activity during Shraddh, Navratri and Diwali.
According to Naik, developer schemes, stable interest rates and conversion activity have contributed to the market’s performance.

PRESCON GROUP EXPECTS DEMAND TO CONTINUE INTO 2027
Vedanshu Kedia, Director of Prescon Group, said the festive figures indicate that buyer interest has continued across multiple periods associated with property purchases.
“Mumbai’s real estate sector has once again demonstrated its resilience by clocking four-year-high Diwali registrations and a 13% jump in revenue collections.”
Kedia said buyers and investors are placing importance on property design, connectivity and lifestyle considerations.
He expects the current demand trend to continue into 2027.
This outlook represents the developer’s assessment rather than a confirmed forecast of future registrations.

WADHWA GROUP HIGHLIGHTS CUMULATIVE REGISTRATION GROWTH
Navin Makhija, Managing Director of The Wadhwa Group, pointed to the increase in festive revenue collections as an indication of demand among homebuyers seeking established developers and integrated residential projects.
He also cited a 7% rise in cumulative property registrations between January and October.
“A 13% year-on-year increase in revenue collections to ₹384 crore, reaching a four-year festive high indicates sustained confidence among affluent and aspirational homebuyers seeking trusted brands and integrated lifestyle developments.”
Makhija attributed the market’s performance to end user demand and improvements in urban infrastructure.
The supplied information does not include the underlying January to October registration totals.

SUPERB REALTY NOTES INTEREST IN LARGER HOMES
Shilpin Tater, Managing Director of Superb Realty, said the stronger growth in revenue collections compared with transaction volumes points towards changing housing preferences.
“The 13% growth in revenue collections outpacing unit volume growth highlights a clear consumer shift toward larger configurations, superior amenities, and trusted developers.”
Tater believes purchases by people intending to occupy their homes remain an important part of market activity.
He expects the festive performance to support residential sales during the final quarter of 2026.

TRANSCON DEVELOPERS EMPHASISES LOCATION AND PROJECT QUALITY
Shraddha Kedia-Agarwal, Director of Transcon Developers, linked the festive market performance to buyer preferences for residential space, connectivity and long term value.
She said demand is visible in established locations as well as emerging suburban markets.
“The sharp 13% rise in revenue collections to almost ₹400 crore reflects strong demand for well-planned, spacious residences in prime and emerging suburban micro-markets.”
Kedia-Agarwal also pointed to buying activity during Shraddh and Navratri, suggesting that property quality and delivery expectations remain significant considerations for purchasers.

ARIHA GROUP SEES CONTINUED SUBURBAN ACTIVITY
Dhruman Shah, Promoter of Ariha Group, said the registration figures indicate continued demand despite the high comparison base from 2025.
He highlighted activity in suburban growth areas and redevelopment locations.
“Even against last year’s high base, clocking 3,683 registrations alongside a 13% rise in state exchequer revenue shows that buyers are decisive and willing to invest in upgraded living spaces.”
Shah said the festive season had provided momentum for the market approaching the end of the year.

HIGHER COLLECTIONS DRAW ATTENTION TO PROPERTY VALUES
The Diwali 2026 figures indicate a market in which registration volumes have changed little while associated government revenue has increased more substantially.
Several developers interpret this pattern as evidence of demand for larger homes, premium amenities and properties in well connected locations.
However, registration and revenue totals alone do not establish the exact distribution of transactions across housing segments.
The reported 7% cumulative registration increase between January and October, cited by The Wadhwa Group, also suggests that market activity extended beyond the immediate festive period.
Industry participants remain positive about demand during the remainder of 2026 and into 2027, although these expectations will depend on subsequent market conditions.
For the 11 day Diwali period, the confirmed figures remain 3,683 property registrations and ₹384 crore in revenue collections, both representing four year festive highs according to the supplied Knight Frank India analysis.

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