Mumbai housing registrations surge 35% YoY in Sept: Knight Frank

01 Oct 2021 CW Team

Housing registrations in the Mumbai municipal region rose 35% year-on-year to 7,556 units during this month on rising demand, as per Knight Frank.

The registrations for September 2021 were 87% more as against the pre-pandemic period of September 2019.

In a statement, Knight Frank said that the Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) reported its best September month performance.

Recording a 35% YoY increase in property registrations in September 2021, 7,556 units is a 10-year best performance in September.

The registration data is till morning 9 am.

The consultant emphasised that 94% of home registrations in September 2021 concern fresh sales. The share of homes in the Rs 1 crore and above segment has grown to 49% in September 2021, as against the 30% in April 2021 and 40% in June 2021.

Knight Frank said that the government revenue collection surged by a strong 186% YoY in September 2021.

Higher stamp duty rate and enhanced volume of sales played a role in this robust revenue collection. The revenue collection was 14% higher at Rs 516 crore in September 2021 compared to the 2019 monthly pre-pandemic average revenue collection rate of Rs 454 crore.

Shishir Baijal, chairman and managing director of Knight Frank India, told the media that the buyers were active despite the roll-back of the stamp duty incentive.

Improved pandemic scenarios and helpful factors of multi-year low property cost and multi-decade-low home loan interest rate have also performed a significant role.

With the forthcoming festival season, Baijal said that the market is preparing for new project launches to profit from these developed demand conditions.

Given the prevalence of conducive demand factors, sales momentum increasing is likely to remain strong.

In Mumbai's primary housing market, Godrej Properties, Mahindra Lifespace Developers, Kalpataru Limited, Macrotech Developers (Lodha group), Hiranandani Group, Oberoi Realty, Tata Housing, Shapoorji Pallonji, Piramal Realty, Rustomjee group and K Raheja group are prominent players.

Image Source

Also read: Mumbai property registrations set a new high record for July

Also read: Out of 67k registered properties under RERA, 46% in Maharashtra

Housing registrations in the Mumbai municipal region rose 35% year-on-year to 7,556 units during this month on rising demand, as per Knight Frank. The registrations for September 2021 were 87% more as against the pre-pandemic period of September 2019. In a statement, Knight Frank said that the Mumbai BMC region (Churchgate to Dahisar and Colaba to Mulund) reported its best September month performance. Recording a 35% YoY increase in property registrations in September 2021, 7,556 units is a 10-year best performance in September. The registration data is till morning 9 am. The consultant emphasised that 94% of home registrations in September 2021 concern fresh sales. The share of homes in the Rs 1 crore and above segment has grown to 49% in September 2021, as against the 30% in April 2021 and 40% in June 2021. Knight Frank said that the government revenue collection surged by a strong 186% YoY in September 2021. Higher stamp duty rate and enhanced volume of sales played a role in this robust revenue collection. The revenue collection was 14% higher at Rs 516 crore in September 2021 compared to the 2019 monthly pre-pandemic average revenue collection rate of Rs 454 crore. Shishir Baijal, chairman and managing director of Knight Frank India, told the media that the buyers were active despite the roll-back of the stamp duty incentive. Improved pandemic scenarios and helpful factors of multi-year low property cost and multi-decade-low home loan interest rate have also performed a significant role. With the forthcoming festival season, Baijal said that the market is preparing for new project launches to profit from these developed demand conditions. Given the prevalence of conducive demand factors, sales momentum increasing is likely to remain strong. In Mumbai's primary housing market, Godrej Properties, Mahindra Lifespace Developers, Kalpataru Limited, Macrotech Developers (Lodha group), Hiranandani Group, Oberoi Realty, Tata Housing, Shapoorji Pallonji, Piramal Realty, Rustomjee group and K Raheja group are prominent players. Image SourceAlso read: Mumbai property registrations set a new high record for July Also read: Out of 67k registered properties under RERA, 46% in Maharashtra

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..