Mumbai Ultra-Luxury Market Achieves Record ₹14,751 Crore Sales Surge in First Half 2025

Industry reports indicate that Mumbai's ultra-luxury residential segment, comprising properties valued at ₹10 crore and above, achieved remarkable sales worth ₹14,751 crore during the first six months of 2025. Market analysts noted that this figure represented a substantial 20% year-on-year increase compared to the corresponding period in 2024.

Transaction Volume Witnesses Double-Digit Growth

Property market data revealed that the number of units sold increased by 11%, with 692 luxury apartments changing hands during January-June 2025, up from 622 units in the same period last year. Real estate experts highlighted that primary market transactions dominated the segment, accounting for approximately 75% of all deals.

According to market reports, newly constructed luxury properties recorded 501 unit sales, showing significant growth from 422 units in the previous year. While resale transactions experienced a slight decline from 200 to 191 units, their cumulative value still increased to ₹3,743 crore from ₹3,533 crore.

Worli Emerges as Premium Market Leader

Market research indicated that Worli's luxury real estate market contributed approximately 22% of primary sales value. Other high-performing micro-markets included Bandra West, Prabhadevi, Tardeo, and Malabar Hill luxury properties, with several areas recording double and triple-digit growth rates.

₹20-40 Crore Range Leads Market Growth

Property analysts observed that homes in the ₹20-40 crore price bracket experienced the most dramatic growth, surging by 138% compared to previous years. Market data showed that nearly 70% of primary market transactions involved apartments sized between 2,000 and 4,000 square feet.

Demographic analysis revealed that the dominant buyer profile consisted of individuals aged 45-65 years, while buyers above 65 years accounted for 15% of all purchases.

Infrastructure and Quality Drive Market Confidence

Real estate experts attributed the surge in demand to enhanced infrastructure development and a consistent pipeline of high-quality new project launches. Market observers noted growing confidence among high-net-worth individuals and institutional investors in India's luxury housing sector.

Notable High-Value Transactions Shape Market

Several landmark deals defined the period's trading activity:

• Leena Gandhi Tewari's acquisition of a ₹639 crore duplex at Naman Xana, Worli
• Shaula Real Estate's (Godrej group subsidiary) ₹225.8 crore purchase at Naman Xana
• A ₹201.6 crore transaction at Oberoi 360 West, Worli
• ₹185 crore residential deal at Lodha Sea Face in Worli
• ₹155 crore property acquisition in Bandra West at The Legend by Ashar

12-Month Performance Sets New Records

When considering the broader 12-month period from July 2024 to June 2025, Mumbai's luxury housing market recorded an unprecedented ₹28,750 crore in total sales, marking an all-time high for the city's ultra-luxury residential segment.

Super-Premium Segment Shows Marginal Softening

Market data indicated that properties priced above ₹40 crore experienced slight cooling, with 35 units sold in H1 2025 compared to 38 units in the corresponding period of 2024. However, industry analysts emphasized that the broader luxury segment continued performing robustly, driven by increased activity in the ₹10-40 crore price range.

Future Outlook Remains Cautiously Optimistic

Market forecasters projected continued demand for ultra-premium residential properties, though they anticipated growing buyer selectivity and caution due to global economic uncertainties. Real estate experts suggested that Mumbai's infrastructure developments would continue supporting market growth.