Mumbai Luxury Realty Sales Soar to ₹14,750 Crore in H1 2025

Mumbai's Luxury Real Estate Market Sets New Benchmark

Mumbai’s luxury residential segment has surged to unprecedented heights, with homes priced above ₹10 crore recording ₹14,750 crore in sales during the first half of 2025. This milestone marks the highest half-year sales ever witnessed for this exclusive bracket, showcasing Mumbai’s allure as a coveted luxury real estate destination.

Record-Breaking Yearly Sales Reflect Growth

A joint report by India Sotheby’s International Realty and CRE Matrix reveals that in the 12 months ending June 2025, total luxury property sales reached a staggering ₹28,750 crore. With 1,335 high-end units sold across primary and secondary markets, Mumbai’s ultra-premium housing sector is experiencing its most vibrant 12-month period to date.

Wealth Growth and Quality Supply Fuel Demand

The luxury market expanded 11% compared to the previous year, when sales stood at ₹12,300 crore. The rise is attributed to India’s expanding wealthy class, a robust investment climate, and enhanced supply of premium projects. Sudershan Sharma, Executive Director at India Sotheby’s, noted that “growth is fueled by increasing wealth and superior infrastructure, with top micro-markets like Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West leading the surge.”

India’s wealth landscape echoes this trend, as highlighted in the UBS Billionaire Ambitions Report 2024, which states India now boasts 185 billionaires, more than doubling in a decade, with combined wealth soaring 263% to $905.6 billion USD.

Primary Market Leads Sales with Strong Micro-Market Performances

Nearly 75% of all luxury home transactions happened in the primary market, with resale properties accounting for ₹3,750 crore—the highest in five years. Among micro-markets:

• Worli emerged as the sales leader, contributing 22% of primary sales.
• Bandra West and Tardeo saw exponential growth, with sales climbing 192% and 254% respectively.

The most preferred homes are 2,000 to 4,000 sq ft apartments, which constitute 70% of primary market sales, predominantly priced between ₹10 crore and ₹20 crore, holding 60-75% share of total transactions.

Rising Demand for Ultra-Luxury Homes

CRE Matrix Co-founder and CEO Abhishek Kiran Gupta emphasized the growing appetite for premium properties, especially in the ₹20-40 crore segment, which surged by 138% compared to 2022. He remarked, “Buyers aren’t just purchasing; they are upgrading, indicating strong confidence amid more selective buying.”

Newcomers and Prestigious Locations

A noteworthy 24% of buyers originate outside South Mumbai, seeking lifestyle upgrades in premium zones. Goregaon East stands out, contributing 7% of these shifts. Some landmark transactions in 2024-25 include:

• Rs 639 crore by Leena Gandhi Tiwari at Naman Xana, Worli
• Rs 225.8 crore by Shaula Real Estate at Naman Xana
• Rs 201.6 crore at Oberoi 360 West, Worli
• Rs 185 crore at Lodha Sea Face, Worli
• Rs 155 crore in Bandra West

Upcoming Luxury Projects Promise Further Growth

Key launches poised to sustain momentum include:

• The West Park by DLF, Andheri West
• Sunteck Nepean Sea, Nepean Sea Road
• Prestige Nautilus, Worli
• Rustomjee Crescent, Bandra West

Outlook: Navigating Global Uncertainties

While the luxury market trajectory remains positive for the remainder of 2025, industry experts caution that global uncertainties could temper buyer enthusiasm. However, Mumbai’s luxury real estate continues to be a focal point—reflecting the city’s unparalleled role as a magnet for wealth, ambition, and aspirational living.