New Launch - India Real Estate Report 2026.
Mumbai's luxury home market is having a record-breaking year. In just the first six months of 2026, buyers spent Rs 18,512 crore on homes priced at Rs 10 crore and above, pushing the city's luxury residential market to its highest-ever half-yearly transaction value, according to a report released on Thursday by India Sotheby's International Realty and CRE Matrix.
The figure marks a clear step up from the previous year, underlining the pace at which high-value transactions have been growing in the city.
- H1 2026 transaction value: Rs 18,512 crore
- H1 2025 transaction value: Rs 16,518 crore
- Year-on-year growth: 12 per cent
Sales volumes rise alongside transaction value
The increase in transaction value was accompanied by stronger buying activity. A total of 957 luxury homes were sold during the first half of the year, compared with 761 units in the same period of 2025.
The report described the January-June 2026 performance as the highest half-yearly transaction value ever recorded in Mumbai's luxury residential market, indicating that the growth was driven by both higher unit sales and higher-value transactions rather than price appreciation alone.
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Worli leads a handful of dominant luxury micro-markets
Demand remained concentrated in a handful of established residential pockets, with the top 10 localities together accounting for nearly 80 per cent of the city's total primary luxury housing sales value during the six-month period. Among these markets, Worli registered the biggest transaction value at Rs 4,493 crore, up 79 per cent from a year ago.
The locality also witnessed a sharp rise in deal volumes, with unit sales increasing to 159 during January-June 2026, up from 35 in the corresponding period last year, making it the standout performer among Mumbai's luxury micro-markets this half-year.
Experts see sustained, end-user driven demand ahead
Sudarshan Sharma, executive director at India Sotheby's International Realty, said established luxury destinations continue to dominate the market, with micro-markets such as Worli, Tardeo, Lower Parel and Bandra West staying ahead on the back of improving infrastructure and quality launches.
He said price growth has remained rational, with developers mindful of overpricing, and that secondary markets have moved in step with primary sales, positioning Mumbai's luxury segment for continued, cautious, end-user driven growth.
The report also pointed to sustained demand in the higher-ticket segment. Abhishek Kiran Gupta, co-founder and CEO of CRE Matrix, said sales momentum has remained strong, particularly within the Rs 20-40 crore segment, suggesting that buyer appetite extends beyond the very top end of the market into a broader band of high-value purchases.
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