Over the last year, Mumbai has registered the 3rd highest annual price growth in the luxury housing segment among cities in the Asia Pacific region. Registering an year-on-year price growth of 11.5% in luxury property prices, Maximum City has now become the 14th most expensive APAC prime residential market.
The average property pricing in Mumbai is $953 per sq ft (as of Q3 of 2024), according to the APAC report. Furthermore, a sum of $1 million can get 103 sq m of luxury real estate in Mumbai. The report again identified India as one of the emerging markets in the region, alongside Vietnam and Thailand.
