Mumbai Property Registrations Jump 20% During Navratri: Report
Mumbai recorded 6,238 property registrations during the Navratri period this year, marking a 20 per cent increase compared with 5,199 registrations in the same festive window last year, according to data from Knight Frank India. The surge in transactions, logged between 22 September and 01 October, generated Rs 587 crore in state revenue, up 17 per cent from Rs 502 crore a year ago.Daily registrations averaged 624 units, higher than 578 per day in 2024. September 2025 as a whole also stood out, with 12,070 registrations, the highest September tally in a decade. Analysts attributed the sharp rise to the alignment of the festive calendar, with the Shraddh period ending earlier this year, allowing Navratri sales to drive activity within the month.
The festive mood was supported by stable interest rates, improved affordability and rising demand for premium housing. Stamp duty collections mirrored this trend, with average daily revenues rising from Rs 56 crore in Navratri 2024 to Rs 59 crore this year.
Even during the traditionally subdued Shraddh fortnight, Mumbai recorded 3,368 registrations, slightly higher than last year, while revenues rose 21 per cent to Rs 265 crore. This indicated continued buyer activity despite the period being considered inauspicious for property purchases.
“Mumbai’s housing market has once again proven its strength, with 6,238 properties registered during Navratri 2025,a 20 per cent year-on-year growth and the highest festive performance in recent years,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India.
This surge, Baijal stated, is supported by stable interest rates, improving affordability, and the recent GST simplifications and reflects the sustained confidence of homebuyers. The robust revenue collections of Rs 587 crore further affirm that buyer sentiment remains firmly positive, establishing a strong foundation for continued momentum in the residential market.
With Diwali and the peak festive months still ahead, industry participants expect the buoyant trend to continue, supported by fresh launches and stable financing conditions.
Pages:
[1]