49 Ultra-Luxury Homes worth Rs. 100+ crore sold in Mumbai & Delhi in 3 Years

49 ultra-luxury residences, each valued at least Rs. 100 crore, have been sold in Mumbai and Delhi NCR, the nation's two most prestigious metropolitan areas, during the last three years. Together, these wealthy homebuyers have spent Rs. 7,500 crore on these lavish residences; half of these deals, or Rs. 3,652 crore, have taken place in 2024 alone.

With four ultra-luxury property sales already in the first two months of 2025, at a combined value of Rs. 850 crore, the enthusiasm is clearly not slowing down.Contrary to popular belief, a trophy residential home now includes more than just independent homes like villas and bungalows.

When it comes to reimagining luxury living, the possibilities are endless with stunning apartments that offer solitude and resort-like amenities. In this specialized market, these high-rise apartments provide a luxurious living environment.

According to the data, bungalows made up the remaining 35% of all purchases finalized in the last three years, while flats costing Rs. 100 crore and above accounted for 65% of all deals. The majority of these opulent residences cost between Rs. 100 and Rs. 200 crore. A small number of houses, priced between Rs. 200 and Rs. 500 crore, were sold above this range, though.

The majority of all apartments sold in the Rs. 100 crore and higher price category during the previous three years were between 10,000 and 16,000 square feet (super built-up area).

"While the appetite for premium residential properties continues to expand in many Indian cities, Mumbai and Delhi NCR rule the roost regarding the homebuyer profile suitable for these exclusive assets. These two cities are termed India's financial and political capital, respectively, and the crème de la crème of domestic High Net Worth Individuals (HNWIs) and Ultra High Net Worth Individuals (UHNWIs) are based out of these markets. Homebuyers in the Rs. 100 crore and above bracket comprise the C-suite of large business conglomerates, actors and founders of new startups. Of these 49 homes sold during the last 3 years, Mumbai comprised 69% share, followed by Delhi NCR. In Mumbai, Malabar Hill and Worli dominated the bulk of these transactions. In Delhi NCR, such deals were not limited to the Lutyens Bungalow Zone (LBZ) alone. Several high-rise apartment deals on Golf Course Road in Gurugram were also recorded," stated Siva Krishnan, Senior Managing Director (Chennai & Coimbatore), Head - Residential Services, India, JLL.