Mumbai’s luxury housing market set a new benchmark in the first half of 2025, with 692 units sold for a total of Rs. 14,750 crore, an 11 percent rise from the same period in 2024, when 622 units worth Rs. 12,300 crore were sold.
As per a report by India Sotheby's International Realty and CRE Matrix jointly, the growth was fueled by high-net-worth individuals as well as the trend of a rising number of buyers shifting from outside South Mumbai to high-end neighborhoods.
Bandra West recorded a 192 percent increase in value of sales to Rs.1,057 crore, and Worli was the top-value market with Rs.2,400 crore even as its unit sales dipped. Prabhadevi was the market leader in volume with 56 units sold.
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"First-half record sales in 2025 indicate continued demand for ultra-premium homes, particularly in well-established micro-markets such as Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West due to improved infrastructure and a series of high-quality new launches," said Sudershan Sharma, executive director at India Sotheby's International Realty.
Also Read: Q1 2025 Reports Housing Sales Dip 28% Y-o-Y in Top 7 Cities, New Launches Decline 10%
The most significant transaction came from Leena Gandhi Tiwari, Chairperson of USV Ltd, who bought two sea-facing duplexes at Naman Xana in Worli for Rs. 703 crore, including taxes, the most expensive residential deal in India’s history. “Mumbai’s luxury real estate market hit a new high. total sales over the past 12 months touched Rs. 28,750 crore,” said Abhishek Kiran Gupta, CEO of CRE Matrix.
He further added, "The consistent increase, more notably in the Rs.20 to Rs.40 crore bracket, indicates abiding buyer interest and a self-assured, but progressively discerning, high-end luxury consumer."
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