Navratri 2025 Sees 20% Leap in Mumbai Property Registrations, Knight Frank Data Reveals
Mumbai's housing market experienced a significant boost during Navratri 2025, with 6,238 property registrations, marking a 20% year-on-year increase.
MumbaiProperty RegistrationsNavratriKnight FrankReal EstateReal Estate MumbaiOct 04, 2025
According to data released by Knight Frank India, 6,238 properties were registered in Mumbai city (area under BMC jurisdiction) between September 22 and October 1, 2025. This represents a 20% jump compared to the 5,199 registrations during Navratri last year.
This increase in registrations translated into a 17% year-on-year rise in government revenue collections, which stood at INR 587 crore over the 10-day festival, up from INR 502 crore in 2024.
The festive momentum also pushed September 2025 into the record books as the best September in a decade, with 12,070 property registrations, averaging 402 registrations per day.
Analysts noted that the timing of Navratri played a pivotal role. Unlike in 2024, when the festival began in October, this year Navratri fell almost entirely in September, aligning with the end of the Shraddh period and driving buyer activity earlier than usual.
The surge was supported by stable interest rates, improving affordability, rising appetite for premium properties, and recent GST simplifications, which have made property purchases more attractive.
Daily average property registrations during Navratri rose from 578 units in 2024 to 624 units in 2025, while daily stamp duty revenues also improved, climbing from INR 56 crore to INR 59 crore.
Interestingly, even during the quieter Shraddh period (September 7–21, 2025), the Mumbai property market held steady, with 3,368 registrations — a modest 5% increase over 2024. Revenue collections during Shraddh surged 21% year-on-year to INR 265 crore, further underlining sustained demand.
Commenting on the upbeat performance, Shishir Baijal, Chairman & Managing Director, Knight Frank India, said:
“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 INR 587 crore further affirm that buyer sentiment remains firmly positive, establishing a strong foundation for continued momentum in the residential market.”
With the festive season only just beginning, experts believe that the strong Navratri performance sets the tone for continued buoyancy in the months ahead. Industry watchers say Diwali and year-end festivities could see further traction, consolidating Mumbai’s position as one of India’s most resilient property markets.
Frequently Asked Questions
What is the significance of Navratri in the Mumbai property market?
Navratri is a significant period for property registrations in Mumbai as it aligns with the end of the Shraddh period and often drives buyer activity earlier than usual, leading to a surge in registrations and government revenue collections.
How much did property registrations increase during Navratri 2025 compared to 2024?
Property registrations during Navratri 2025 saw a 20% increase compared to 2024, with 6,238 registrations in 2025 compared to 5,199 in 2024.
What factors contributed to the surge in property registrations during Navratri 2025?
The surge was supported by stable interest rates, improving affordability, rising appetite for premium properties, and recent GST simplifications, making property purchases more attractive.
How did government revenue collections fare during Navratri 2025?
Government revenue collections during Navratri 2025 increased by 17% year-on-year, reaching INR 587 crore compared to INR 502 crore in 2024.
What is the outlook for the Mumbai property market following the strong Navratri performance?
Experts believe that the strong Navratri performance sets a positive tone for continued buoyancy in the months ahead, with Diwali and year-end festivities expected to see further traction in the market.
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