Festive Season Boosts Mumbai Property Registrations: Knight Frank India Report
Mumbai saw a 20% increase in property registrations during Navratri 2025, with 6,238 units recorded, contributing to a 17% rise in state revenue collections. The festive season, stable interest rates, and improved affordability are driving this growth.
Mumbai PropertyNavratriProperty RegistrationsReal EstateRevenue CollectionReal Estate MumbaiOct 06, 2025
September 2025, with a total of 12,070 registrations, turned out to be the city’s best September in a decade. The shift in the festive calendar played a pivotal role, as the Shraddh period concluded earlier (September 7–21, 2025), allowing Navratri (September 22–October 1, 2025) to drive sales momentum earlier than last year. The onset of the festive season revived buyer activity, supported by stable interest rates, improving affordability, and rising appetite for premium properties. Higher stamp duty collections mirrored this growth in demand, with daily revenues climbing from Rs 56 crore in 2024 to Rs 59 crore in 2025.
In 2025, during the Shraddh period, Mumbai recorded property registrations of 3,368 units. The daily average of registrations increased by 5%, from 292 to 306, indicating sustained market activity. Furthermore, revenue collection showed significant growth, with a 21% rise in total revenue, Rs 265 crore in 2025 as against Rs 219 crore in 2024 and a notable 20% increase in average daily revenue, from Rs 24 crore to Rs 20 crore. These figures reflect the enduring strength of Mumbai’s property market, even during traditionally quieter periods.
Shishir Baijal, chairman & managing director, Knight Frank India, commented, “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.”
Frequently Asked Questions
What was the total number of property registrations during Navratri 2025 in Mumbai?
Mumbai recorded 6,238 property registrations during Navratri 2025, which is a 20% increase compared to the same period in 2024.
How did the revenue collections during Navratri 2025 compare to the previous year?
Revenue collections during Navratri 2025 saw a 17% increase, reaching Rs 587 crore compared to Rs 502 crore in 2024.
What factors contributed to the increase in property registrations during Navratri 2025?
The increase in property registrations was driven by the festive season, stable interest rates, improving affordability, and a heightened appetite for premium properties.
How did the Shraddh period affect property registrations in 2025?
The Shraddh period concluded earlier in 2025 (September 7–21), allowing Navratri to drive sales momentum earlier, contributing to the increase in property registrations.
What is the role of Knight Frank India in this report?
Knight Frank India provided the report on property registrations and revenue collections in Mumbai during Navratri 2025, highlighting the market trends and factors influencing the growth.
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