The city’s property market recorded its strongest-ever September performance, overcoming the traditional slowdown during the inauspicious Shraddh period. Property registrations in the Mumbai municipal region surged 32% year-on-year to 12,070 units, while stamp duty revenues soared 47% to ₹1,292 crore, according to Knight Frank India.

Festive Calendar Boost

Unlike 2024, when Shraddh extended into October and delayed transactions, in 2025 the fortnight ended earlier (September 7–21), immediately followed by Navratri (September 22–October 2). This overlap kept buyer activity strong, fueling the record performance.

Demand Trends

  • Residential units accounted for nearly 80% of all registrations.
  • Month-on-month, registrations rose 7%, while stamp duty revenues jumped 29%, signaling sustained demand despite affordability challenges in the lower-income segment.

Industry Reactions

Prashant Sharma, President, NAREDCO Maharashtra:
“The 12,000+ registrations reflect the strong confidence homebuyers continue to place in Mumbai’s real estate. The sector’s resilience and the early festive boost have created robust market momentum.”

Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory:
“The 32% year-on-year surge underscores that end-user demand remains the primary driver. With a favorable festive calendar, stable interest rates, and steady supply, momentum is expected to remain strong in the coming quarter.”

Shraddha Kedia-Agarwal, Director, Transcon Developers:
“The strong September performance reflects renewed enthusiasm among buyers across price points. Festive optimism has reignited sentiment, encouraging developers to align with evolving lifestyle aspirations.”

Dhruman Shah, Promoter, Ariha Group:
“The growth in registrations reinforces real estate’s position as a trusted and rewarding asset class. With festive demand now underway, momentum will continue to strengthen buyer and developer confidence.”

Also Read: August Sees Max Home Sales in FY 23-24

You May Also Like

Maharashtra Government Revises Urban Tribal Settlement Improvement Scheme

The Maharashtra government has revised the Nagari Adivasi Vasti Sudharana Yojana, removing the ₹25 lakh funding cap for urban tribal settlements. Now, financial assistance will be based on project quality and municipal requirements, with approvals granted by the state government. The scheme aims to improve infrastructure and living conditions for tribal communities across Maharashtra.

Stamp Duty Concession What Real Estate Industry Wants?

In 15 days of March more than 10K housing sales took place…

Consulate General of the People’s Republic of China Signs Lease Agreement for Apartment in Mumbai

In a significant move, the Consulate General of the People’s Republic of China has signed a lease agreement for a luxury apartment in Mumbai’s Nariman Point. The 36-month deal, finalized on February 29, 2024, includes two car parking spaces and a rent escalation plan over the next three years. The agreement highlights the growing demand for premium real estate in Mumbai by international organizations.

Mature InvITs to Drive AUM Past ₹8 Lakh Crore by FY27 Despite Rising Leverage

India’s InvITs are set to grow their AUM to over ₹8 lakh crore by FY27, led by mature trust acquisitions in the roads sector. Despite higher leverage, credit profiles remain strong due to regulatory guardrails and stable cash flows.