hey there have you heard about the latest buzz in indias real estate scene if youre into luxury living or just fascinated by the world of high end properties youre going to love this story picture this 25 ultra luxury homes each priced over 40 crore sold in just the first eight months of 2024 and guess which city is leading the charge no surprises here its mumbai the city of dreams pulling in the most jaw dropping deals mumbai the heart of ultra luxury deals so heres whats really interesting out of those 25 homes a whopping 21 were snapped up in mumbai thats a massive 84 percent of all the ultra luxury property deals happening across india why mumbai you ask well its simple this city has always been a magnet for the rich and famous and when it comes to ultra luxury homes its like the ultimate playground imagine buying a home in south central mumbai or the posh neighborhoods of bandra and juhu were talking about deals worth more than 100 crore each in fact mumbai saw nine such mega deals this year alone seven of them were in south central mumbai and two in bandra and juhu clearly if theres one place where the ultra wealthy want to set up shop its right here in mumbai other cities making a mark too but hold on mumbai isnt the only star in this show other cities are catching up too take hyderabad for instance in jubilee hills two ultra luxury homes were sold for a combined value of 80 crore not too shabby right and lets not forget gurugram in the ncr region where a single deal went down for 95 crore bengaluru also joined the club with a sale worth 67 point 5 crore its pretty clear the demand for ultra luxury homes is spreading across the country whats driving this luxury boom now heres where things get even more fascinating of these 25 ultra luxury homes about 80 percent were high rise apartments why because apartments offer a mix of convenience and prestige thats hard to beat and whos buying them mostly top business tycoons about 80 percent of the deals the rest well those went to senior professionals bollywood stars and some big names in law and medicine talk about a diverse crowd the trend is clear mumbai is still the king when it comes to ultra luxury properties despite being indias most expensive residential market it continues to attract the wealthiest buyers why because they see these homes as not just a place to live but also a smart investment for the future its all about status lifestyle and a solid investment rolled into one rising prices and growing demand you might wonder if all this demand is affecting prices you bet it is in the last eight months the average price for homes over 40 crore has jumped by 2 percent but heres the kicker the prices for homes over 100 crore have shot up by 14 percent imagine this in just a few months the price per square foot for these ultra luxury homes went from 1 24 697 to 1 41 904 thats some serious appreciation and its not just about the numbers this rapid price growth shows just how strong the demand is for these trophy homes people are willing to pay top dollar for a slice of luxury and theyre doing it in droves no wonder developers are racing to build more ultra luxury homes to meet this insatiable demand whats next for the luxury market so what does the future hold for this ultra luxury real estate market with four months still left in 2024 and the festive season right around the corner experts like anuj puri the chairman of anarock group believe were going to see even more big ticket deals it seems the appetite for these high end properties is far from over and we might just be on the brink of even more exciting developments in short if youve got your eyes on the luxury market or youre just fascinated by the world of high stakes real estate keep watching mumbai and its fellow cities the action here is far from slowing down and who knows what record breaking deals will come next