Mumbai Property Registrations Surge 20% During Navratri 2025: Knight Frank
Mumbai, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, saw a significant 20% increase in property registrations during Navratri 2025, with 6,238 transactions recorded, up from 5,199 in the same period last year.
MumbaiProperty RegistrationsNavratriKnight FrankReal EstateReal Estate MumbaiOct 06, 2025
Daily average registrations improved from 578 units in Navratri 2024 to 624 units in 2025, while daily stamp duty collections rose from Rs. 56 crore (US$ 6.3 million) to Rs. 59 crore (US$ 6.6 million). These figures accounted for both new sales and resales, reflecting strong buyer interest across the city.
Chairman & Managing Director, Knight Frank India, Mr. Shishir Baijal, said that Mumbai’s housing market has once again demonstrated its resilience, with the highest festive registrations in recent years. Stable interest rates, enhanced affordability, and recent Goods and Services Tax (GST) simplifications have bolstered homebuyer confidence. September 2025 saw 12,070 registrations, making it the city’s best September in a decade.
The earlier conclusion of the Shraddh period enabled Navratri to drive sales momentum sooner than in previous years. During the Shraddh period itself, Mumbai recorded 3,368 registrations, with daily averages rising 5% to 306 units and revenue collections increasing 21% to Rs. 265 crore (US$ 29.9 million). Knight Frank noted that these trends underscore the sustained strength of Mumbai’s residential property market, even in traditionally quieter periods, highlighting a positive outlook for continued market momentum.
Frequently Asked Questions
What is the percentage increase in property registrations in Mumbai during Navratri 2025 compared to 2024?
Property registrations in Mumbai during Navratri 2025 increased by 20% compared to 2024.
How much state revenue was generated from property registrations during Navratri 2025?
State revenue from property registrations during Navratri 2025 reached Rs. 587 crore (US$ 66.1 million).
What factors contributed to the increase in property registrations in Mumbai?
Stable interest rates, enhanced affordability, and recent Goods and Services Tax (GST) simplifications have bolstered homebuyer confidence, contributing to the increase in property registrations.
How many property registrations were recorded in September 2025 in Mumbai?
Mumbai recorded 12,070 property registrations in September 2025, making it the city’s best September in a decade.
What was the impact of the earlier conclusion of the Shraddh period on property sales during Navratri 2025?
The earlier conclusion of the Shraddh period enabled Navratri to drive sales momentum sooner than in previous years, contributing to the increase in property registrations.
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