Mumbai's Real Estate Market Surges, Records Major Increase in High-End Home Sales
Mumbai's real estate market has witnessed a significant surge in the sale of high-end homes priced above Rs 10 crore, with a notable 11% year-on-year growth in the first half of 2025.
MumbaiReal EstateLuxury HomesHighend SalesProperty MarketReal Estate MumbaiJul 25, 2025
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.
Frequently Asked Questions
What is the growth rate of high-end home sales in Mumbai in the first half of 2025?
Mumbai's high-end home sales, priced above Rs 10 crore, grew by 11 per cent in the first half of 2025 compared to the same period last year.
How many units of homes priced above Rs 40 crore were sold in the first half of 2024?
In the first half of 2024, 53 units of homes priced above Rs 40 crore were sold in Mumbai.
Which micro-market in Mumbai saw the highest growth in luxury home sales?
Tardeo saw the highest growth in luxury home sales, with a massive 254 per cent increase.
What percentage of primary sales in Mumbai was attributed to the primary market?
The primary market accounted for nearly 75 per cent of the sales volume in Mumbai's luxury home market.
Which segment of apartments dominated the Mumbai real estate market in terms of primary sales?
Apartments in the 2,000-4,000 sq ft segment dominated the Mumbai real estate market, accounting for 70 per cent of primary sales.
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