MUMBAI: The Greater Mumbai area under BMC jurisdiction recorded 6,238 property registrations during the 10-day Navratri period (Sept 22–October 1, 2025), reflecting a 20% increase from 5,199 registrations in the same timeframe last year.
This boost also contributed to a 17% year-on-year rise in state revenue collections, reaching Rs 587 crore during the festive season. The average daily registrations improved from 578 units in Navratri 2024 to 624 units in 2025, as per data provided by Knight Frank India.
According to the global property consultant, September 2025 saw a total of 12,070 registrations, making it the best September for the city in a decade.
“The change in the festive calendar significantly impacted this trend, as the Shraddh period concluded earlier (Sept 7–21, 2025), allowing Navratri to stimulate sales sooner than in previous years. The start of the festive season has revitalized buyer activity, supported by stable interest rates and an increasing appetite for premium properties,” the report noted.
An increase in stamp duty collections mirrored this growth in demand, with daily revenues rising from Rs 56 crore in 2024 to Rs 59 crore in 2025.
“The growth in stamp duty collections is directly linked to the higher number of registrations. Total revenue collections also saw a 17% increase, amounting to Rs 587 crore during this year’s Navratri, compared to Rs 502 crore from the previous year,” stated a Knight Frank report published on Friday.
During the 2025 Shraddh period, Mumbai recorded 3,368 property registrations, with a 5% increase in daily average registrations—from 292 to 306—indicating ongoing market stability.
Moreover, revenue collection during Shraddh showed remarkable growth, with a 21% increase in total revenue, reaching Rs 265 crore in 2025 compared to Rs 219 crore in 2024, along with a significant 20% rise in average daily revenue, from Rs 20 crore to Rs 24 crore.
Shishir Baijal, Chairman & MD, Knight Frank India, remarked, “Mumbai’s housing market has demonstrated its resilience once again, with a 20% year-on-year growth and the strongest festive performance in recent years. This surge, underpinned by stable interest rates, better affordability, and recent GST reforms, showcases the persistent confidence of homebuyers. The revenue collections of Rs 587 crore further validate that buyer sentiment remains robust, laying a solid foundation for forthcoming growth in the residential market.”
