Real Estate

Mumbai Property Registrations Dip 4% During Navratri

By GeoSquare News Desk · Published 2026-10-24

Mumbai's real estate market witnessed a marginal slowdown during the Navratri period in 2026, with property registrations declining by 4% on a working-day adjusted basis. The festive season, traditionally considered auspicious for property purchases, saw buyers adopting a cautious stance amid prevailing market conditions.

Working-Day Adjusted Data

The 4% fall is calculated after adjusting for the number of working days available for registrations during the Navratri window. This metric provides a more accurate comparison with the corresponding period last year, accounting for variations in the calendar and holiday closures.

Market Sentiment and Outlook

Despite the dip, industry observers note that overall registration volumes remain steady, with demand concentrated in the mid-income and luxury segments. The slight decline is attributed to buyers waiting for further clarity on pricing and project deliveries, as well as the timing of auspicious dates within the festive calendar.

Going forward, the momentum is expected to pick up in the post-Navratri period, with several new project launches and developer offers lined up. Maharashtra's property market continues to show resilience, supported by infrastructure development and stable stamp duty rates.