Mumbai's Real Estate Market Surges, Records Major Increase in High-End Home Sales
Mumbai's real estate market in 2025 saw a significant boost, particularly in the sale of high-end homes priced above Rs 40 crore. According to a new report by India Sotheby's International Realty, the sale of homes in this price bracket has tripled from 17 units in the first half of 2022 to 53 units in the first half of 2024.
During this period, Mumbai recorded sales of Rs 14,750 crore from primary and secondary sales of homes priced above Rs 10 crore. This represents a year-on-year growth of 11 per cent compared to sales of Rs 12,300 crore in the first half of last year.
The report highlighted that sales of luxury homes in the first half of 2025 grew by 11 per cent compared to the same period last year (2024). Notably, sales of homes in the Rs 20-40 crore range grew by 138 per cent compared to the first half of 2022.
A real estate news website, Square Feet India, posted on X (formerly Twitter) about the sales boom of Mumbai’s Rs 10 crore+ luxury homes. The primary market accounted for nearly 75 per cent of the sales volume, while the secondary market contributed Rs 3,750 crore. Both markets were at their highest levels in the last five years. Worli maintained its lead as the most preferred luxury destination with a 22 per cent share of primary sales value.
Other fast-growing micro-markets included Bandra West, which saw a whopping 192 per cent growth. Tardeo saw a massive 254 per cent growth, along with Prabhadevi and Malabar Hill. Apartments in the 2,000-4,000 sq ft segment dominated the Mumbai real estate market during this period, accounting for 70 per cent of primary sales.
This surge in high-end home sales can be attributed to several factors, including economic stability, increased investor confidence, and a growing preference for luxury living among the affluent population. The real estate sector in Mumbai continues to attract significant attention, with developers and investors keen to capitalize on the rising demand for premium properties.
