Mumbai Property Registrations Surge 20% During Navratri 2025: Knight Frank
Mumbai's property market witnessed a significant 20% increase in registrations during Navratri 2025, contributing to a 17% rise in state revenue collections. The festive season, coupled with stable interest rates and improving affordability, has bolstered buyer confidence.
Mumbai PropertyNavratri RegistrationsReal EstateHomebuyersState RevenueReal EstateOct 03, 2025
This surge also contributed to a 17% year-on-year (Y-o-Y) rise in state revenue collections, which touched ₹587 crore during the festive period. The daily average of registrations improved from 578 units in Navratri 2024 to 624 units in 2025. Daily stamp duty revenues rose from ₹56 crore in 2024 to ₹59 crore in 2025. The registrations included both new sales and resales.
Homebuyers’ confidence remains strong, as highlighted by Shishir Baijal, chairperson and managing director of Knight Frank India. He said, “Mumbai’s housing market has once again proven its strength, with 6,238 properties registered during Navratri 2025 — a 20% Y-o-Y 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 ₹587 crore further affirm that buyer sentiment remains firmly positive, establishing a strong foundation for continued momentum in the residential market.”
September 2025, with 12,070 registrations, was 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, the report said.
Shraddh period registrations also show growth. In 2025, during the Shraddh period, Mumbai recorded 3,368 property registrations. The daily average of registrations increased by 5%, from 292 to 306. Revenue collection also showed significant growth, with a 21% rise in total revenue, at ₹265 crore in 2025 as against ₹219 crore in 2024. The average daily revenue increased by 20%, from ₹24 crore to ₹29 crore. These figures, Knight Frank noted, reflect the enduring strength of Mumbai’s property market, even during traditionally quieter periods.
Frequently Asked Questions
What is the percentage increase in property registrations during Navratri 2025 compared to 2024?
Property registrations in Mumbai during Navratri 2025 increased by 20% compared to the same period in 2024.
How much did state revenue collections rise during Navratri 2025?
State revenue collections during Navratri 2025 rose by 17% year-on-year, reaching ₹587 crore.
What factors contributed to the increase in property registrations?
The increase in property registrations was driven by the onset of the festive season, stable interest rates, improving affordability, and the recent GST simplifications.
How many property registrations were recorded in September 2025?
September 2025 saw 12,070 property registrations, making it the best September in a decade for the Mumbai property market.
What was the revenue collection during the Shraddh period in 2025?
Revenue collection during the Shraddh period in 2025 was ₹265 crore, a 21% increase from ₹219 crore in 2024.
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