India, Oct. 1 -- Mumbai's real estate market defied the traditional slowdown during the Shradha or Pitrupaksha fortnight to post its best-ever September performance. Property registrations in the Mumbai municipal region rose 32% year-on-year to 12,070 units, while stamp duty collections surged 47% to Rs.1,292 crore, according to an analysis by Knight Frank India.

Mumbai city (area under BMC jurisdiction) recorded 12,070 property registrations in September against 9,111 units in the same month last year, marking a 32% YoY (year-on-year) increase, it said, pointing out that stamp duty collections touched Rs.1,292 crore, up 47% YoY.

The rise in registrations was due to the shifting festive calendar. Last year, property activity was subdued...