October 06, 2025: Mumbai’s residential property market witnessed a significant uptick during the ten days of Navratri (September 22–October 1, 2025), with 6,238 registrations recorded under BMC jurisdiction, marking a 20% rise over 5,199 registrations during the same period last year, according to a Knight Frank India report. The surge contributed to a 17% year-on-year growth in state revenue collections, reaching Rs 587 crore during the festive period. Daily registration averages rose from 578 units in Navratri 2024 to 624 units in 2025.
September 2025 also emerged as Mumbai’s strongest September in a decade, with 12,070 property registrations, averaging 402 units per day. Experts attribute the growth to the shift in the festive calendar: the Shraddh period concluded earlier (September 7–21, 2025), allowing Navratri to drive early sales momentum, unlike in 2024 when the festival began in October.
“The onset of the festive season revived buyer activity, supported by stable interest rates, improving affordability, and a rising appetite for premium properties,” the report noted. Stamp duty collections reflected this surge, with daily revenues climbing from Rs 56 crore in 2024 to Rs 59 crore in 2025. During the Shraddh period, registrations totaled 3,368 units, with a 5% rise in daily averages from 292 to 306 units and a 21% increase in revenue, from Rs 219 crore to Rs 265 crore.
Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, “Mumbai’s housing market has once again proven its strength, with 6,238 properties registered during Navratri 2025 — a 20% year-on-year growth and the highest festive performance in recent years. This surge, supported by stable interest rates, improving affordability, and the recent GST simplifications, 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.”
The data underscores Mumbai’s enduring residential market resilience, with the festive season proving to be a key driver of sales and revenue growth.
Source: Housing.com
