Mumbai Property Market Sees Record September Registrations
Mumbai’s property market achieved its strongest-ever September performance, with registrations surging 32% year-on-year to 12,070 units. Stamp duty collections jumped an impressive 47% to ₹1,292 crore, according to data from Knight Frank India.
Key Takeaways
- Property registrations hit 12,070 units, up 32% year-on-year
- Stamp duty collections soared 47% to ₹1,292 crore
- Residential units accounted for 80% of all registrations
- Market defied traditional Shradh period slowdown
Festive Calendar Boost
The record performance was largely driven by favorable timing of festive periods. Unlike last year when Shradh extended into October, the inauspicious period ended earlier in 2025 (September 7-21), immediately followed by Navratri (September 22-October 2). This seamless transition maintained buyer momentum throughout the month.
Sustained Housing Demand
Residential properties dominated the market, comprising nearly 80% of total registrations. Month-on-month growth showed a 7% increase in registrations and a sharper 29% rise in revenue collections, indicating robust buyer confidence despite affordability concerns in budget segments.
Prashant Sharma, President, NAREDCO Maharashtra, explained, “The 12,000+ property registrations recorded in Mumbai this September reflect the strong confidence homebuyers continue to place in the city’s real estate market. This growth highlights the sector’s resilience and maturity, while the early arrival of the festive season has provided an additional boost to an already robust market momentum.”
As per Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory, “The 32% surge in property registrations Y-O-Y underscores that end-user demand continues to be the primary driver of Mumbai’s real estate market. Supported by a favourable festive calendar, stable interest rates, and a healthy supply pipeline, the market momentum is set to remain strong through the coming quarter, making the outlook highly encouraging.”
The combination of stable interest rates, healthy supply, and continued end-user demand suggests the positive momentum will extend through the upcoming festive quarter, making Mumbai’s outlook particularly strong.
