Mumbai’s real estate market has set a new record during Navratri and Ganpati festival this year. According to the report of Knight Frank India, a total of 10,630 properties were registered from 22 September to 6 October 2025, which is 23 per cent higher than last year. This increase is not only a sign of enthusiasm in Mumbai’s real estate market, but also shows economic strength and increasing interest of investors.
Impact of festivals on property market
Usually house shopping increases during festivals, but this time 6,238 houses have been sold in 10 days of Navratri, which is 20 percent higher than the previous year’s 5,199. Apart from this, 3,368 properties were registered during Shraddha period, it saw a 5 percent increase as compared to last time. The special thing is that an average of 624 properties were sold every day in Mumbai during this period, which is more than 578 in the previous year.
State government gets revenue
Due to this house sales, the Maharashtra government has also increased stamp duty. During this festive season, the state earned an income of about Rs 587 crore, which is 17 percent more than the previous year’s Rs 502 crore. This revenue growth not only reduces the difficulties of the government, but also proves to be helpful in development plans.
Sale increased during Ganpati
During the Ganpati festival, 4,392 properties were registered from August 27 to September 6, which is 29 per cent higher than 3,405 in 2024. This indicates that on the occasion of festivals, people like to start a new start and consider buying a house to be auspicious opportunity.
Market situation and further attitude
The demand for luxury and premium property in Mumbai real estate market is higher than before. At the same time, developers are attracting buyers by giving free discounts and easy home loan facilities for free. However, investors should focus on market status, location and prices so that they do not suffer losses in the future.