Mumbai Records Strong Property Growth 10630 Deals During Festive Season 2025

Mumbai’s real estate market witnessed a notable upswing during the 2025 festive period, with 10,630 property registrations recorded during Navratri and Ganesh Chaturthi, reflecting a 23% increase over 8,604 registrations during the same period in 2024, according to data analysed from Maharashtra IGR by real estate advisory Knight Frank India.

The Navratri period alone, spanning September 22 to October 1, saw 6,238 properties registered, a 20% rise from 5,199 during the corresponding days in 2024. Daily average registrations rose to 624 units from 578 units in 2024, indicating a stronger market appetite among homebuyers despite ongoing economic uncertainties. The Ganesh festival period, observed from August 27 to September 6, also demonstrated significant activity with 4,392 registrations, a 29% increase over the 3,405 properties registered during the 2024 celebrations. Experts suggest that cultural factors combined with growing investor confidence and improved property financing options contributed to the strong demand.

Interestingly, even the traditionally inauspicious Shradh period registered growth, with 3,368 properties recorded in 2025, up 5% from 3,216 in 2024. Analysts attribute this steady increase to changing buyer behaviour, where practical investment considerations are outweighing traditional superstitions. The surge in property registrations contributed to a 17% year-on-year increase in Maharashtra state revenue collections during the festive season, reaching ₹587 crore. Officials highlighted that the improved revenue reflects both increased transaction volumes and better compliance with registration procedures, underscoring a more robust and transparent property market.

Real estate consultants indicate that Mumbai’s festive property demand is being fuelled by multiple factors, including rising household incomes, favourable home loan interest rates, and the psychological impact of auspicious periods influencing buyer decisions. Sustainability and eco-conscious housing are emerging trends, with developers offering greener options and energy-efficient homes, aligning with urban planning initiatives to build equitable, low-carbon cities. The overall market sentiment suggests that Mumbai’s real estate sector continues to rebound after pandemic-related slowdowns, with festive periods serving as crucial markers for both residential and commercial property uptake. Officials expect the trend to persist into the later months of 2025, as festivals and economic optimism encourage further market participation.

The data signals not just a temporary festive surge, but a broader revival in Mumbai’s real estate activity, reflecting resilience in urban housing demand and the growing confidence of investors and homebuyers in the city’s property landscape.

Mumbai Records Strong Property Growth 10630 Deals During Festive Season 2025