Mumbai Luxury Homes Record ₹32,623 Crore Sales in H1 FY27

Mumbai's luxury housing market recorded 3,145 transactions involving apartments priced above ₹5 crore between April and September 2026, with combined sales worth ₹32,623 crore.

The market averaged 17 transactions a day during the first half of FY2027, according to the Lighthouse Luxury H1 FY27 report.

Mumbai Luxury Housing Sales Rise in Q2 FY2027

Transactions in the above-₹5-crore category increased by 10.5% to 1,651 in Q2 FY2027, compared with 1,499 in Q1. The total value of transactions in this segment rose 17.1% to ₹17,600 crore during the second quarter.

Worli recorded the highest number of transactions, with 275 deals during the six-month period. Other prominent locations included Mahalaxmi, Andheri West, Versova, Bandra West, Malabar Hill, Juhu, Tardeo, Lower Parel, Prabhadevi and Goregaon East.

Homes Above ₹20 Crore Account for 26% of Sales Value

The report breaks down Mumbai's luxury property transactions across four price categories, highlighting the contribution of high-value homes to the overall market.

• ₹5 crore to ₹10 crore: 2,212 homes sold for a combined ₹14,845 crore, with an average transaction value of ₹6.7 crore.
• ₹10 crore to ₹20 crore: 703 homes sold for ₹9,399 crore, averaging ₹13.4 crore per home.
• ₹20 crore to ₹50 crore: Approximately 201 homes sold for ₹5,842 crore, with an average ticket size of ₹29.1 crore.
• Above ₹50 crore: 29 homes sold for ₹2,536 crore, averaging ₹87.5 crore per home.

Although homes priced above ₹20 crore represented only 7% of transactions by volume, they contributed 26% of the total sales value. This highlights the financial significance of the ultra-luxury segment within Mumbai's high-end residential market.

Ultra-Luxury Transactions More Than Double

Sales of homes priced at ₹50 crore or more accelerated during Q2 FY2027. The number of transactions rose from nine in Q1 to 20 in Q2, taking the six-month total to 29 deals worth ₹2,536 crore.

September alone recorded nine transactions in this category, matching the total number registered during the entire first quarter.

Sumesh Mishra, founder of Lighthouse PropTech, said the market had gathered pace through the half, with activity extending beyond its traditional leading locations.

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Demand Spreads Across Mumbai's Luxury Locations

Worli remained the largest market by transaction count, while Andheri West, Versova and Tardeo each recorded a doubling of deals in a single quarter, according to Mishra.

Sandeep Reddy, co-founder of Zapkey.com, which collated the registration data for Lighthouse Luxury, said the report draws on registered sales and lease transactions.

The data also showed that ten micro-markets accounted for 56% of the total transaction value, with their combined value increasing 26% from Q1 to Q2, compared with 17% growth across the overall market.

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Key Takeaways

• Mumbai recorded 3,145 transactions above ₹5 crore worth ₹32,623 crore in H1 FY2027.
• Q2 transactions in this price segment increased 10.5% to 1,651.
• Homes above ₹20 crore contributed 26% of total sales value despite accounting for 7% of transaction volume.
• Ultra-luxury sales above ₹50 crore increased from nine deals in Q1 to 20 in Q2.

Explore property rates and trends for further residential real estate research.

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