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Mumbai witnessed a strong surge in property registrations during the ten-day Navratri period from September 22 to October 1, 2025, with 6,238 properties registered, marking a 20% increase over the 5,199 registrations recorded in the same period last year. According to Knight Frank India, this growth also contributed to a 17% year-on-year rise in state revenue collections, which reached INR 587 crore during the festive period.
The daily average of registrations improved from 578 units in Navratri 2024 to 624 units in 2025. September 2025, with 12,070 registrations, emerged as 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 to boost buyer activity earlier than in 2024.
The onset of the festive season revived sales momentum, supported by stable interest rates, improving affordability, and rising demand for premium properties. Higher stamp duty collections mirrored this growth in demand, with daily revenues increasing from INR 56 crore in 2024 to INR 59 crore in 2025.
Property Registrations and Revenue Trends
The per-day registration trend during Navratri 2025 saw fluctuations, with registrations ranging from 280 units to 942 units on different days, while revenue per day varied from INR 24 crore to INR 83 crore, reflecting heightened festive activity and buyer engagement.
During the Shraddh period (September 7–21, 2025), Mumbai recorded 3,368 property registrations, a 5% increase from 2024’s daily average of 292 units. Revenue collection during Shraddh also rose significantly by 21%, reaching INR 265 crore, with average daily revenue increasing from INR 20 crore to INR 24 crore. These figures underscore the sustained strength of Mumbai’s property market even during traditionally quieter periods.
Shishir Baijal, Chairman & Managing Director, Knight Frank India, said, “Mumbai’s housing market has once again proven its resilience, 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 recent GST simplifications, reflects sustained buyer confidence. 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.”
Impact of Festive Calendar on Property Sales
The alignment of the lunar calendar in 2025 extended Navratri to ten days, enhancing buyer engagement. September 2025 benefited from both the early conclusion of Shraddh (September 7–21) and the timely onset of Navratri (September 22–October 1), concentrating property registrations and boosting revenue collections in the same month.
Mumbai’s residential property market demonstrated remarkable resilience and growth during the festive season. Stable interest rates, favorable GST changes, improved affordability, and premium property demand have collectively contributed to increased registrations and revenue collections. With buyer sentiment remaining positive, the city’s property market appears well-positioned to sustain momentum in the months ahead.
