Mumbai’s ultra-luxury real estate market has reached a historic high, clocking ₹14,750 crore in home sales (priced ₹10 crore and above) in the first half of 2025, a 11% jump from H1 2024, according to a report by India Sotheby’s International Realty and CRE Matrix.
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 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 festive season demand builds, the trend suggests Mumbai’s luxury market is not just booming, it’s evolving.
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