Registration of properties in Mumbai municipal region up 13% during Navratri: Knight Frank

Registration of properties successful Mumbai municipal portion roseate 13 per cent during Navratri festival this twelvemonth to 5,199 units compared with past year's Durga Puja, according to Knight Frank.

Real property advisor Knight Frank India said Mumbai metropolis (area nether BMC jurisdiction) recorded 5,199 spot registrations during the 9 days of Navratri from October 3-11 against 4,594 units registered successful Navratri 2023.

"The festive play sparked renewed income momentum, starring to a crisp emergence successful spot registrations," Shishir Baijal, Chairman and Managing Director of Knight Frank India, said.

He said registrations successful September were little arsenic homebuyers typically debar making large purchases during the Shraddh period.

"However, Navratri brought a displacement successful sentiment, with unchangeable involvement rates and increasing request for premium properties driving the increase. 

As the festive play continues into Diwali, registration volumes are expected to enactment strong, supported by dependable sales, gradually expanding spot prices and unchangeable involvement rates," Baijal said.