India, Sept. 24 -- As the Navratri 2025 season begins, prospective homebuyers in Mumbai may be hoping for festive discounts and GST benefits. However, real estate experts and developers told HT.com that such expectations are unlikely to materialise this year.

The government's recent GST cuts for ancillary industries have raised hopes that developers may eventually pass on cost savings to homebuyers. However, developers caution that any such benefit will take time. It depends on when key sectors like cement, steel, logistics, and other construction-linked services begin passing their cost advantages to developers.

According to real estate experts, Mumbai's property market has seen muted launches in 2025, largely due to delays in securing...