October 14, 2025: Mumbai’s property market recorded its strongest-ever September performance, defying the typical slowdown during the inauspicious Shraddh period. According to data from Knight Frank India, property registrations in the Mumbai municipal region rose by 32% year-on-year to 12,070 units, while stamp duty collections surged 47% to Rs 1,292 crore. The sharp rise was attributed to the shifting festive calendar — this year’s Shraddh period ended earlier, allowing Navratri-related buying momentum to begin sooner, sustaining robust market activity.
Residential properties made up nearly 80% of total registrations. On a month-on-month basis, registrations increased by 7%, while revenue collections climbed by 29%, reflecting the city’s steady housing demand despite affordability pressures in some segments.
Mr. Prashant Sharma, President of NAREDCO Maharashtra, said the data underscored the strong confidence of homebuyers in Mumbai’s real estate sector, noting that “the earlier start to the festive season had further strengthened its momentum.”
Mr. Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory, said the surge in registrations highlighted that “end-user demand remains the primary growth driver,” adding that stable lending rates and a solid supply pipeline make the outlook for the next quarter encouraging.
Ms. Shraddha Kedia-Agarwal, Director at Transcon Developers, stated that festive sentiment had “revived optimism among buyers,” while Mr. Dhruman Shah, Promoter of Ariha Group, remarked that the growth reaffirmed real estate as “a trusted and rewarding investment class.”
With steady demand, stable rates, and healthy supply, developers and buyers remain optimistic that Mumbai’s property market will sustain its upward trajectory through the festive season, reinforcing the city’s position as one of India’s most resilient and dynamic real estate destinations.
Source: Prop News Time
