Mumbai's Luxury Market Soars: ₹123.5 Crore Deal at Worli's Artesia
A luxury apartment in Mumbai’s premium Worli micro-market has changed hands for over ₹123 crore, underscoring sustained demand for marquee residences at the very top end of the city’s real estate market.
According to data accessed by CRE Matrix, a real estate data analytics firm, Apartment No. 4403 at Artesia, located at Hind Cycle Marg in Hanuman Nagar, Worli (Mumbai 400030), has been sold for a consideration of ₹123.51 crore. The transaction was registered on February 2, 2026.
The apartment was sold by Ravi C. Raheja and Sumati R. Raheja to Radha Girish Tanti, an angel investor, documents reviewed by CRE Matrix show. The deal attracted stamp duty of ₹6.17 crore, reflecting the high valuation of the asset.
The apartment spans a RERA carpet area of 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony or open terrace space. On a carpet-area basis, the deal translates into a price of roughly ₹1.82 lakh per sq ft, placing it firmly among the most expensive residential transactions recorded in Mumbai in recent months.
Artesia, developed by the Raheja group, is one of Worli’s most sought-after ultra-luxury residential projects, known for its expansive apartments, sea-facing views, and proximity to Mumbai’s central business districts. The project has consistently attracted India’s wealthiest business families and senior corporate executives, with multiple transactions crossing the ₹100-crore mark over the past few years.
The latest deal comes at a time when Mumbai’s luxury housing segment continues to show resilience, even as affordability pressures weigh on the mass and mid-income housing markets. Industry experts note that high-net-worth individuals (HNIs) and ultra-HNIs remain largely insulated from interest rate volatility and are increasingly allocating capital to trophy homes in established neighbourhoods such as Worli, Malabar Hill, and South Mumbai.
Data from real estate consultancies suggest that while overall residential sales volumes in Mumbai have moderated, the ticket size of luxury transactions has been rising, driven by limited supply of large-format homes, stricter redevelopment norms, and a preference for completed or near-completion assets.
Worli, in particular, has emerged as a key beneficiary of this trend. Its central location, seamless connectivity via the Bandra-Worli Sea Link and coastal road network, and proximity to business hubs like BKC and Lower Parel have helped the locality command some of the highest residential prices in the country.
Market participants also point to a broader shift in buyer behaviour post-pandemic, with affluent buyers prioritising larger living spaces, private outdoor areas, and high-quality amenities—features that projects such as Artesia are designed to offer.
With fresh supply in the ultra-luxury category remaining constrained, analysts expect prices in Mumbai’s top micro-markets to remain firm, even as developers stay selective about launching new high-end projects. The ₹123.51-crore Artesia transaction adds to a growing list of big-ticket deals that highlight the depth and confidence of demand at the pinnacle of India’s residential real estate market.
