Mumbai property registrations rise 20% in Navratri 2025: Knight Frank
- IBEF
- October 6, 2025
Mumbai city, under the Brihanmumbai Municipal Corporation (BMC) jurisdiction, witnessed a significant rise in property registrations during the ten days of Navratri, with 6,238 transactions recorded, marking a 20% increase over 5,199 registrations in the same period last year, according to Knight Frank India. This upswing contributed to a 17% YoY growth in state revenue, which reached Rs. 587 crore (US$ 66.1 million) over the festive period. Daily average registrations improved from 578 units in Navratri 2024 to 624 units in 2025, while daily stamp duty collections rose from Rs. 56 crore (US$ 6.3 million) to Rs. 59 crore (US$ 6.6 million). These figures accounted for both new sales and resales, reflecting strong buyer interest across the city.
Chairman & Managing Director, Knight Frank India, Mr. Shishir Baijal, said that Mumbai’s housing market has once again demonstrated its resilience, with the highest festive registrations in recent years. Stable interest rates, enhanced affordability, and recent Goods and Services Tax (GST) simplifications have bolstered homebuyer confidence. September 2025 saw 12,070 registrations, making it the city’s best September in a decade. The earlier conclusion of the Shraddh period enabled Navratri to drive sales momentum sooner than in previous years. During the Shraddh period itself, Mumbai recorded 3,368 registrations, with daily averages rising 5% to 306 units and revenue collections increasing 21% to Rs. 265 crore (US$ 29.9 million). Knight Frank noted that these trends underscore the sustained strength of Mumbai’s residential property market, even in traditionally quieter periods, highlighting a positive outlook for continued market momentum.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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