Mumbai's Luxury Real Estate Market Surges: Sales of ₹40 Crore+ Homes Triple
Mumbai's luxury real estate market has seen a significant surge in the first half of 2025, with the sale of homes worth over ₹40 crore tripling compared to the same period in 2022.
MumbaiReal EstateLuxury HomesProperty MarketHighend PropertiesReal Estate NewsJul 23, 2025
The India Sotheby’s International Realty & CRE Matrix Report further highlighted that Mumbai’s ₹10 crore+ luxury real estate market set a new milestone by recording the highest-ever half-yearly sales of units in H1 CY25. During this period, Mumbai recorded sales worth ₹14,750 crore across primary and secondary transactions of homes priced above ₹10 crore. This represents an 11 per cent year-on-year rise in sales, up from ₹12,300 crore in H1 CY24.
Luxury home sales in Mumbai rose by 11 per cent in H1 2025 compared to the same period in 2024. The ₹20–40 crore segment grew by 138 per cent compared to H1 2022. The primary market accounted for nearly 75 per cent of sales volume, while the secondary market contributed ₹3,750 crore. Both markets were at their highest in five years.
Worli retained its lead as the most preferred luxury destination, contributing 22 per cent of primary sales value. Other thriving micro-markets included Bandra West with an impressive 192 per cent growth, Tardeo with a massive 254 per cent growth, Prabhadevi, and Malabar Hill. Apartments between 2,000–4,000 sq. ft. dominated Mumbai's real estate market during this time, representing 70 per cent of primary sales.
The report also highlighted the top 5 costliest transactions in H1 CY25:
- Leena Gandhi Tiwari at Naman Xana, Worli: ₹639 crore
- Shaula Real Estate Pvt Ltd at Naman Xana, Worli: ₹225.8 crore
- AEX Real Estate LLP at Oberoi 360 West, Worli: ₹201.6 crore
- Seema Singh at Lodha Sea Face, Worli: ₹185 crore
- Apco Infratech Pvt Ltd at The Legend by Ashar, Bandra West: ₹155 crore
The performance in the first half of the ongoing calendar year hints at a broader bullish trend observed in the overall residential property market. This surge in luxury home sales reflects the growing demand for high-end properties in Mumbai, driven by factors such as economic stability and increasing disposable incomes.
Frequently Asked Questions
What is the key trend in Mumbai's luxury real estate market in H1 2025?
The key trend in Mumbai's luxury real estate market in H1 2025 is the significant increase in the sale of homes worth over ₹40 crore, which has tripled compared to the same period in 2022.
Which segment of the luxury real estate market saw the highest growth?
The ₹20–40 crore segment saw the highest growth, increasing by 138 per cent compared to H1 2022.
Which micro-market in Mumbai is the most preferred for luxury homes?
Worli is the most preferred luxury destination, contributing 22 per cent of primary sales value.
What is the average size of luxury apartments sold in Mumbai?
Apartments between 2,000–4,000 sq. ft. dominated the market, representing 70 per cent of primary sales.
What factors are driving the surge in luxury home sales in Mumbai?
The surge in luxury home sales in Mumbai is driven by factors such as economic stability, increasing disposable incomes, and a growing demand for high-end properties.
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