Robust Navratri action fuels surge in Mumbai property registrations, Knight Frank data shows

Mumbai’s property market saw strong festive action this year, with 6,238 registrations recorded within the BMC jurisdiction during the ten-day Navratri period (September 22–October 1), a Knight Frank India report said on October 3.

This marked a 20% jump from 5,199 registrations in the same period last year. The surge lifted state revenues as well, with collections rising 17% year-on-year to Rs 587 crore.

Daily registrations averaged 624 in 2025, compared with 578 during Navratri 2024.

September 2025 turned out to be Mumbai’s most active September in a decade, with 12,070 registrations in total -- an average of 402 per day.

The shift in the festive calendar proved crucial: the Shraddh period ended earlier this year (September 7–21), allowing Navratri celebrations to fall almost entirely within September, unlike last year when they began later in October. This overlap spurred momentum in property sales, aided by stable borrowing costs, improved affordability and growing demand for premium housing.

Stamp duty collections reflected the buoyant activity, with daily revenues rising from Rs 56 crore in 2024 to Rs 59 crore in 2025. Over the Navratri period alone, state revenues touched Rs 587 crore, up from Rs 502 crore last year.

Even during the Shraddh phase -- typically a lull for real estate -- Mumbai registered 3,368 properties in 2025, averaging 306 registrations per day, up 5% from last year.

Revenue collections also rose significantly, with a 21% increase to Rs 265 crore, compared with Rs 219 crore in 2024. Average daily revenues during Shraddh climbed to Rs 24 crore from Rs 20 crore.