Mumbai Sees 20% Rise in Property Registrations During Navratri
Greater Mumbai recorded a significant 20% increase in property registrations during Navratri, contributing to a 17% rise in state revenue collections.
MumbaiProperty RegistrationsNavratriReal EstateRevenue CollectionsReal Estate MumbaiOct 03, 2025
This impressive rise also led to a 17% year-over-year (YoY) increase in state revenue collections, which amounted to Rs 587 crore during the festive period. According to data compiled by global property consultant Knight Frank India, the daily average of registrations improved from 578 units in Navratri 2024 to 624 units in 2025.
September 2025, with a total of 12,070 registrations, emerged as the city's best September in a decade. The shift in the festive calendar played a crucial role, as the Shraddh period concluded earlier (September 7-21, 2025), allowing Navratri to drive sales momentum earlier than in the previous year.
The onset of the festive season rejuvenated buyer activity, supported by stable interest rates, improved affordability, and a growing 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.
Total revenue collections, primarily driven by the increased registration volume, saw a 17% increase, with total revenue collection of Rs 587 crore in the 10 days of Navratri compared to Rs 502 crore collected in Navratri 2024, as per a Knight Frank report released on Friday.
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 during Shraddh showed significant growth, with a 21% rise in total revenue, reaching Rs 265 crore in 2025 compared to Rs 219 crore in 2024. There was also a notable 20% increase in average daily revenue, from Rs 24 crore to Rs 20 crore.
Shishir Baijal, Chairman & MD, Knight Frank India, said, 'Mumbai's housing market has once again proven its strength, with 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. Revenue collections of Rs 587 crore further affirm that buyer sentiment remains positive, establishing a strong foundation for continued momentum in the residential market.'
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 saw a 20% increase compared to 2024.
How much did state revenue collections increase during Navratri 2025 compared to 2024?
State revenue collections during Navratri 2025 increased by 17% compared to 2024.
What factors contributed to the increase in property registrations during Navratri 2025?
The increase in property registrations was driven by the shift in the festive calendar, stable interest rates, improved affordability, and a growing appetite for premium properties.
What was the total number of property registrations in Mumbai during the Shraddh period in 2025?
Mumbai recorded 3,368 property registrations during the Shraddh period in 2025.
What is the role of Knight Frank India in this report?
Knight Frank India is a global property consultant that compiled the data and released the report on property registrations and revenue collections in Mumbai.
Related News Articles
RERA Cases Weekly Round-Up: Relief for Homebuyers Across India
From refund orders to structural defect rectification
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Anant Raj Reports 75% Increase in Net Profit for Q2 FY25
Anant Raj has announced a significant 75% increase in its net profit for the second quarter of the fiscal year 2025. The company also reported a 53.67% rise in its net consolidated total income. This robust growth is a testament to the company's strategic
DLF JV Firm Sells IT Park in West Bengal's Largest Real Estate Deal for Rs 637 Cr
In a significant move, DLF, the country's largest real estate developer by market cap, has completed the sale of an IT park in West Bengal for Rs 637 crore. The deal, involving a joint venture firm, marks one of the largest real estate transactions in the
Eleganz Interiors Files DRHP with NSE Emerge
Eleganz Interiors plans to use Rs 25 crore from the IPO proceeds to repay a portion of its outstanding borrowings, as it files its DRHP with NSE Emerge.
Tata Steel Slapped with Rs 146 Mn Fine for Delay in Stamp Duty Payment
Tata Steel, one of India's leading steel producers, has been penalized with a fine of Rs 146 million by the Maharashtra government for failing to timely pay the stamp duty. The fine, as per the company's exchange filing, highlights the importance of adher