Mumbai's Luxury Real Estate Market Surges to ₹14,750 Crore in H1 2025
Mumbai's ultra-luxury property market has reached a historic high, with sales totaling ₹14,750 crore in the first half of 2025, a 11% increase from H1 2024. Worli and Bandra West lead the way in this booming market.
MumbaiLuxury Real EstateProperty MarketHighnetworth IndividualsLuxury HomesReal Estate MumbaiJul 24, 2025
Combined with H2 2024, the 12-month period saw ₹28,750 crore in sales, across 1,335 units, the highest on record. The ₹20–40 crore segment alone saw a 138% rise over H1 2022, while homes priced above ₹40 crore tripled from 17 units in H1 2022 to 53 in H2 2024.
Primary sales accounted for 75% of the transactions, with Worli leading as the top-performing market, contributing 22% of the value. Bandra West, Tardeo, Prabhadevi, and Malabar Hill also showed exceptional growth. Larger apartments (2,000–4,000 sq. ft.) dominated, and buyers aged 45–65 formed the largest customer base.
Interestingly, 24% of luxury buyers hailed from beyond South Mumbai, with Goregaon East alone contributing 7%. As the festive season demand builds, the trend suggests that Mumbai’s luxury market is not just booming, it’s evolving. This surge in luxury property sales reflects a growing trend among high-net-worth individuals seeking premium living spaces in prime locations.
The market's resilience and growth can be attributed to several factors, including economic stability, a robust job market, and the increasing demand for high-quality living spaces. The government's initiatives to boost the real estate sector, such as the relaxation of norms and incentives for developers, have also played a crucial role in driving this growth.
India Sotheby’s International Realty and CRE Matrix’s report highlights the significant shift in buyer preferences, with a growing number of buyers looking for larger, more luxurious homes. The trend is expected to continue, driven by the increasing affluence of the middle and upper classes, and the desire for premium living experiences.
In conclusion, Mumbai’s luxury real estate market is on a strong upward trajectory, with key areas like Worli and Bandra West leading the charge. The market’s robust performance is a testament to the city’s enduring appeal as a hub for luxury living.
Frequently Asked Questions
What is the total value of luxury home sales in Mumbai in H1 2025?
The total value of luxury home sales in Mumbai in H1 2025 is ₹14,750 crore.
How much did the luxury real estate market grow from H1 2024 to H1 2025?
The luxury real estate market grew by 11% from H1 2024 to H1 2025.
Which areas in Mumbai are leading the luxury property market?
Worli, Bandra West, Tardeo, Prabhadevi, and Malabar Hill are leading the luxury property market in Mumbai.
What is the most popular segment in the luxury property market?
The ₹20–40 crore segment is the most popular, with a 138% rise over H1 2022.
What factors are driving the growth in Mumbai's luxury real estate market?
Economic stability, a robust job market, government initiatives, and increasing demand for high-quality living spaces are driving the growth in Mumbai's luxury real estate market.
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