Mumbai’s real estate market witnessed a powerful revival this festive season, as property registrations touched 10,630 units during Ganesh Chaturthi and Navratri 2025. According to Maharashtra IGR data analysed by Knight Frank India, this reflects a 23% jump over the 8,604 registrations recorded during the same period in 2024.
Shradh Period Defies Tradition with a 5% Uptick
Traditionally seen as an inauspicious time for property deals, Shradh 2025 surprised the market with 3,368 registrations, a 5% rise compared to 3,216 in 2024. Interestingly, this growth also pushed state revenues up by 21%, from ₹219 crore in 2024 to ₹265 crore in 2025.
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Navratri 2025: Highest Festive Sales in Recent Years
The 10-day Navratri period (Sept 22 – Oct 1, 2025) alone accounted for 6,238 registrations, a 20% year-on-year rise from 5,199 units in 2024. Daily averages also saw a boost, climbing from 578 registrations in 2024 to 624 in 2025.
This surge wasn’t just in numbers—it also fueled revenue growth, with collections rising 17% YoY to ₹587 crore, compared to ₹502 crore in Navratri 2024. Average daily revenues improved too, moving from ₹56 crore to ₹59 crore per day.
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Ganesh Chaturthi 2025: 29% Jump in Deals
During Ganesh Chaturthi 2025 (Aug 27 – Sept 6), Mumbai recorded 4,392 property registrations, a striking 29% rise over the 3,405 registrations logged in the 2024 festival period.
What’s Driving This Momentum?
Industry experts attribute this strong performance to a blend of factors:
- Stable interest rates encouraging confident buying decisions.
- Rising demand for premium housing, particularly among aspirational buyers.
- Greater affordability and GST simplifications boosting sentiment.
- Strong market confidence, with homebuyers willing to invest during festive times.
Also read:-Latest Redevelopment Rules for Housing Societies in Maharashtra 2025
Expert View
“Mumbai’s housing market has once again proven its resilience. With 6,238 homes registered during Navratri alone, this is the highest festive performance in recent years. Supported by stable rates, improved affordability, and simplified tax structures, homebuyer confidence is at a peak. The ₹587 crore revenue collections further highlight the market’s positive momentum.”
said Shishir Baijal, Chairman & MD, Knight Frank India.
Mumbai’s real estate market witnessed a powerful revival this festive season, as property registrations touched 10,630 units during Ganesh Chaturthi and Navratri 2025. According to Maharashtra IGR data analysed by Knight Frank India, this reflects a 23% jump over the 8,604 registrations recorded during the same period in 2024.
Shradh Period Defies Tradition with a 5% Uptick
Traditionally seen as an inauspicious time for property deals, Shradh 2025 surprised the market with 3,368 registrations, a 5% rise compared to 3,216 in 2024. Interestingly, this growth also pushed state revenues up by 21%, from ₹219 crore in 2024 to ₹265 crore in 2025.
Also Read:-How to Buy E-Stamp in Maharashtra in 2025-26?
Navratri 2025: Highest Festive Sales in Recent Years
The 10-day Navratri period (Sept 22 – Oct 1, 2025) alone accounted for 6,238 registrations, a 20% year-on-year rise from 5,199 units in 2024. Daily averages also saw a boost, climbing from 578 registrations in 2024 to 624 in 2025.
This surge wasn’t just in numbers—it also fueled revenue growth, with collections rising 17% YoY to ₹587 crore, compared to ₹502 crore in Navratri 2024. Average daily revenues improved too, moving from ₹56 crore to ₹59 crore per day.
Also Read:-How to Apply for Gharkul Yojana in 2025 in Maharashtra
Ganesh Chaturthi 2025: 29% Jump in Deals
During Ganesh Chaturthi 2025 (Aug 27 – Sept 6), Mumbai recorded 4,392 property registrations, a striking 29% rise over the 3,405 registrations logged in the 2024 festival period.
What’s Driving This Momentum?
Industry experts attribute this strong performance to a blend of factors:
- Stable interest rates encouraging confident buying decisions.
- Rising demand for premium housing, particularly among aspirational buyers.
- Greater affordability and GST simplifications boosting sentiment.
- Strong market confidence, with homebuyers willing to invest during festive times.
Also read:-Latest Redevelopment Rules for Housing Societies in Maharashtra 2025
Expert View
“Mumbai’s housing market has once again proven its resilience. With 6,238 homes registered during Navratri alone, this is the highest festive performance in recent years. Supported by stable rates, improved affordability, and simplified tax structures, homebuyer confidence is at a peak. The ₹587 crore revenue collections further highlight the market’s positive momentum.”
said Shishir Baijal, Chairman & MD, Knight Frank India.
