Overview

• Official IGR data analysed by Knight Frank shows 10,630 registrations during Ganesh Chaturthi and Navratri, a 23% year-on-year rise.
• Navratri accounted for 6,238 registrations with stamp-duty revenue of Rs 587 crore, up 20% and 17% respectively, as daily averages climbed to 624.
• September 2025 recorded 12,070 registrations, the highest for any September in 10 years, as the early end of Shradh and the timing of Navratri concentrated transactions.
• Even the Shradh period saw resilience with 3,368 registrations and Rs 265 crore in revenue, up about 5% and 21% from 2024.
• Analysts cite stable rates, improving affordability and a premium shift; Nuvama highlights Lodha, Oberoi, Godrej Properties, Sunteck and Rustomjee as likely beneficiaries while cautioning on affordability and supply constraints.