Curation Team
MUMBAI: Greater Mumbai, area under BMC jurisdiction, recorded 6,238 property registrations during the 10 days of Navratri (Sept 22–October 1, 2025), marking a 20% increase over the 5,199 registrations in the same period last year.
This surge also contributed to a 17% YoY rise in state revenue collections, which touched Rs 587 crore during the festive period. The daily average of registrations improved from 578 units in Navratri 2024 to 624 units in 2025, according to data collated by Knight Frank India.
The global property consultant said Sept 2025, with a total of 12,070 registrations, turned out to be the city’s best Sept in a decade.
“The shift in the festive calendar played a pivotal role, as the Shraddh period concluded earlier (Sept 7–21, 2025), allowing Navratri 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,” it said.
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.
“The improvement in stamp duty collection is directly influenced by the increased number of registrations. Total revenue collections, primarily driven by 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,” said a Knight Frank report released on Friday.
In 2025, during the Shraddh period, Mumbai recorded property registration 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, Rs 265 crore in 2025 as against Rs 219 crore in 2024 and 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.”
