Tag: Knight Frank India

CommercialLatest Stories

Wadhwa Group Leases 33,000 sq ft Office in Mumbai for ₹44 Crore

NEW DELHI: The Wadhwa Group has leased approximately 33,000 square feet of office space to the global investment research firm Morningstar at its commercial project in Mumbai, totaling a rental agreement of Rs 44 crore over a nine-year period. Based in Mumbai, Wadhwa Group specializes in residential, commercial, and township projects, having completed over 220 projects across the Mumbai Metropolitan Region (MMR), featuring a total area of 45 million sq ft. Morningstar has also leased an additional 32,551 sq ft at Wadhwa Group’s Vishwaroop IT Park (VITP) project in Vashi, Mumbai. A spokesperson for the company opted not to comment.…

Latest StoriesResidential

Mumbai property registrations up 7% to 12,315 in May 2026

NEW DELHI: The Brihanmumbai Municipal Corporation (BMC) reported that Mumbai saw 12,315 property registrations in May 2026, marking a 7% increase compared to the previous year, according to Knight Frank India. This figure represents the highest number of registrations for May in the last 14 years, exceeding the peak recorded in May 2025. The state government earned ₹1,051 crore from stamp duty during this month, reflecting a 1% year-on-year decline. Knight Frank indicated that this slight reduction in revenue, despite the rise in registrations, was due to changes in the mix of transactions. However, registrations saw a 14% decrease from…

CommercialLatest Stories

Pune Office Leasing Declines, Rents Rise Amid Supply Shortage

PUNE: Demand for office space in Pune saw a decline in the first quarter (January-March) of 2026, with net absorption dropping to 1.1 million sq. ft. from 2 million sq. ft. in the same period last year, according to Anarock data. Experts believe this decrease stems from the strong leasing activity in 2025, rather than a structural slowdown. P. Vilas, head of operations at Knight Frank India’s Pune branch, mentioned that although leasing has slowed down, Global Capability Centers (GCCs) still play a significant role in driving demand, accounting for 55% of Pune’s office market, well above the 47% average…

Latest StoriesResidential

Mumbai Sees 13,800+ Property Registrations in April: Knight Frank

NEW DELHI: The residential market in Mumbai maintained its strong performance, as property registrations surpassed 13,800 units in April 2026—marking the highest count for the month in over 14 years, according to data analyzed by Knight Frank India. During the month, registrations within the Brihanmumbai Municipal Corporation (BMC) jurisdiction reached 13,864 units, reflecting a 6% increase year-on-year. This figure exceeds last year’s April peak of 2025. Stamp duty collections for April were estimated to exceed ₹1,100 crore, showing a slight increase of one percent compared to the previous year. The modest growth in collections—despite higher registrations—indicates a shift in the…

IndustryLatest Stories

Mumbai developers contribute ₹11,626 crore to BMC in FY26

MUMBAI: Builders in the city emerged as the leading revenue source for the BMC during 2025-26, contributing a staggering Rs 11,626 crore in premiums and development charges. This figure reflects a significant increase from the BMC’s highest recorded property tax collection of Rs 7,610 crore in the previous financial year, driven primarily by extensive redevelopment projects. “The development plan department is the principal revenue generator for the municipal corporation,” stated a civic official. This amount marks the highest collection from developers since the Covid-19 lockdown. In October 2020, the BMC incentivized the real estate sector by offering a 50% discount…

Latest StoriesResidential

Mumbai Property Registration Jumps 3% in March 2026

NEW DELHI: Property registrations in the Mumbai region rose by 3% in March, totaling 15,983 units—the highest figure recorded in the past 14 years, according to Knight Frank. This marks an increase from last year’s March, which saw 15,510 registrations. In a statement released on Tuesday, Knight Frank reported that the city of Mumbai (within BMC jurisdiction) recorded these transactions, which include both primary and secondary market sales. “This is the highest monthly registration volume for March in 14 years, exceeding the previous peak observed in March 2025, emphasizing the strength and resilience of the city’s residential market,” the report…

Latest StoriesResidential

Kolkata Home Registrations Fall 1% YoY to 4,974 in Feb 2026

Sure! Here’s a rewritten version of the content: KOLKATA: In February, the Kolkata Metropolitan Area (KMA) saw a significant increase in residential property registrations, reaching 4,974—a 63% rise from the previous month. This uptick is attributed to a recovery from the seasonal dip observed in January, according to property consultant Knight Frank India. Compared to February 2025, this year’s registrations saw a slight decline of 1%, with 5,016 units recorded last year. The data originates from the Directorate of Registrations and Stamps Revenue, Government of West Bengal, and accounts for transactions in both the primary (new sales) and secondary (resale)…

Latest StoriesResidential

Pune property registrations drop 17% in January 2026: Knight Frank

Sure! Here’s a rewritten version of the content: PUNE: In January 2026, Pune saw 14,527 property registrations, yielding ₹609 crore in stamp duty, according to a Knight Frank India report. Although registrations dipped by 17% year-on-year compared to January 2025, stamp duty collections experienced a slower decline of 5%, indicating sustained activity in higher-value transactions. On a month-to-month basis, the city rebounded from the year-end dip, with registrations increasing by 20% and stamp duty collections rising by 37% compared to December 2025, the report highlighted. Properties priced below ₹1 crore remained prevalent, though their market share edged down to 82%…

Latest StoriesResidential

Mumbai’s January Stamp Duty Collections Soar Amid Big Home Sales

Mumbai, which stands as the nation’s largest and priciest property market, has achieved its highest-ever stamp duty earnings for January. This surge can be attributed to substantial transactions, despite a decline in registration volumes. According to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra, the financial hub recorded 11,219 property registrations in January, generating over Rs 1,012 crore in stamp duty revenue for the state. Registration numbers saw an 8% decrease compared to the previous year, yet this performance marks the second-highest January on record. This trend suggests that transaction activity remains resilient in the…

Latest StoriesResidential

Pune stamp duty collections surpass ₹7,100 crore in 2025

NEW DELHI: In 2025, Pune’s real estate market achieved over ₹7,100 crore in stamp duty revenue, marking its highest level in four years, according to Knight Frank India. Although property registrations dipped slightly, they still totaled 1,85,657 for the year, a 2.3% decrease compared to the previous year. Despite this, stamp duty collections saw a minor increase of 0.3%, reaching ₹7,119 crore, reflecting a consistent demand for high-value homes. In December 2025, property registrations plummeted 30% year-on-year to 12,079 units, while stamp duty revenue dropped by 28%. However, this significant decline is attributed to a high base from December 2024.…