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
