Data on Mumbai Property Registrations and Revenue Surge during Diwali

Mumbai’s real estate market demonstrated significant growth and resilience during the Diwali season of 2024, with property registrations rising by 21% compared to 2023. October recorded 11,861 property registrations, generating ₹1,081 crore in revenue, a 52% increase from the previous year. The festive period's auspicious nature, combined with the convergence of Dussehra and Diwali, fueled this surge in demand.

The market showed a shift toward higher-value properties, with the average ticket price reaching a record ₹1.66 crore. This trend is attributed to post-pandemic preferences for spacious homes, growing interest in premium housing, and rising property values. Year-to-date data reveals over 1.15 lakh properties registered in 2024, generating nearly ₹10,000 crore in revenue, indicating sustained investor interest. With higher disposable incomes, a favorable regulatory framework, and urban expansion, Mumbai’s real estate sector appears poised for continued growth.

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