Introduction
As per Knight Frank reports, Mumbai property registrations jumped by 20% at the time of Ganesh Chaturthi and Navratri 2025, the festive season, with approximately 6,238 registrations reported within a 10-day period.
Factors behind the revenue jump
- Registration spike: With the GST 2.0 savings and festive cheer, Mumbai experienced a 20% upsurge in property registrations during the 10-day Navratri period in 2025, in comparison with the 5,199 registrations during the past year at the time of Navratri. This increased government revenue by 17% to INR 587 crore.
- Number of registrations: Within this short time period, around 6,238 registrations were reported. It reflected the flexibility of purchaser emotion along with the positive influence of a suitable festive calendar.
- Market drivers: The development was driven by robust demand, especially within the high-profile transactions and luxury real estate market. This upsurge was driven by constant demand for properties, specifically in the luxury division, sustained through factors such as an emphasis on high-end transactions and infrastructure growth.
- Sustaining factors: Ongoing infrastructure projects such as Mumbai Trans Harbour Link and metro expansions are anticipated to further enhance market activity and property values by making it an appropriate time for investment.
Knight Frank report states that, around 6,238 properties were registered within Mumbai city (area under BMC authority) amid 22nd September and 1st October 2025. Constructive festive timing, enhanced affordability, along with steady interest rates, drive this record-breaking performance, developing a constructive quality for the future festive season as well as solidifying the assurance of the customers.
Dynamic advantages behind the registrations
The rise in registrations transformed into a 17% year-on-year addition to the collections of government profits that during the 10-day festival resulted in INR 587 crore, which is greater as compared to INR 502 crore in 2024. Such robust profit stays positive by developing a sturdy foundation for stable impulsion within the residential market.
Thus, September 2025 has stepped into the record books of being the superior September across the decade for bringing strong festive energy, with about 12,070 registrations of property, comprising of 402 registrations per day.
Major role of Navratri:
According to reports, the timing of Navratri played a crucial role. Unusual from 2024, this year during October when the festival commenced, Navratri appeared during September, bringing in line with the end of the Shradh phase and improving the activity of consumers.
Things happened after the registrations
- The rise was sustained through steady interest rates, increasing hunger for top-quality properties, enhancing affordability, along with current GST simplifications that have made the purchasing of property highly fascinating.
- Subsequently, even at the time of the quieter Shraddh period (7th September to 21st September 2025), the market of Mumbai property remained stable, with approximately 3,368 registrations, which is considered to be a self-effacing 5% upsurge over 2024.
- With this, the revenue collection at the time of Shraddh increased to 21% every year to INR 265 crore against INR 219 crore, which outlined the supported demand along with a notable upsurge of 20% within average daily revenue to INR 20 cr. from 24 cr.
- Regular average registrations of property at the time of Nvratri increased to 624 units during 2025, from 578 units during 2024, whereas daily stamp duty revenue also increased by driving towards INR 59 crore from INR 56 crore. Such enhancement in the collection of stamp duty is directly impacted by the maximized amount of registrations.
Expert review: By commenting on the optimistic performance, the Managing Director and Chairman of Knight Frank, “Shishir Baijal, stated that the housing market of Mumbai has once again proved its power with 6,238 properties registered at the time of Navratri 2025.”
Market drivers
As per the reports, the three significant drivers behind the drive are presented below:
- Rising craving for superior properties: This factor has shifted the amalgamation uphill, by mounting profits even at the time of restrained development of unit and increasing standard sizes of the ticket.
- Firm interest rates: This helped in avoiding instantaneous credit grief and maintained the convenience of monthly EMIs.
- Improving affordability: This particular factor encouraged more customers towards the purchasing decisions that is associated with the profits, along with pay trends that are upholding the debt servicing in check for the majority of the segments.
Along with this, the report also determines the simplifications of GST as a crucial change within the policy that, in turn, eased frictions in contact for creators along with clients.
29% rise in deals during Ganesh Chaturthi 2025: At the time of Ganesh Chaturthi 2025 (27th August to 6th September), the state reported approximately 4,392 registrations of property. This is considered to be a conspicuous 29% upsurge over the 3,405 registrations recorded during the 2024 festival period.
Future outlook:
- The housing market will benefit in the future from the constant developments of infrastructure, like novel expressways, along with metro expansions that are anticipated to further increase property values.
- Hence, the future residential market is focused on achieving sustained growth, which is driven by shifting customer preferences, technological developments, and rapid urbanization.
- Flexible housing choices will become highly prominent within the urban centers.
Conclusion
- With the start of the festive season, specialists stated that the robust performance during Navratri builds the tendency for constant cheerfulness in the later months.
- Therefore, the sector observers determined that year-end and Diwali festivities could experience grip, consolidating the position of Mumbai as one of the most flexible property markets within India.
- Therefore, with these peak festive months in line, the buoyant trend will endure through steady monetary state and fresh launches into the market.
