Mumbai’s luxury housing market is currently experiencing a historic boom, reaching its highest-ever sales in the ₹10 crore+ segment. Between January and June 2025 alone, high-end property sales crossed ₹14,750 crore—the strongest half-yearly figure recorded for this segment. In the 12 months ending June 2025, total luxury home sales hit ₹28,750 crore, with 1,335 units sold across both primary and secondary markets.
Key Drivers of Growth
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Rising Wealth: India now has 185 billionaires, a 263% rise in collective net worth over the past decade (as per UBS Billionaire Ambitions Report 2024).
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Improved Infrastructure & Supply: Areas like Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West are seeing high-end launches and better connectivity.
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Strong Primary Market: Roughly 75% of luxury home sales came from new launches. Even resale (secondary market) deals reached a five-year high of ₹3,750 crore.
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Size & Price Trends: Apartments between 2,000 and 4,000 sq ft dominated, with homes priced ₹10–20 crore making up 60–75% of all primary sales.
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Upgrading Mindset: The ₹20–40 crore segment grew 138% since 2022, suggesting buyers are spending more and trading up.
Micro-Market Insights
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Worli led with 22% of total primary sales value, reaffirming its top-tier status.
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Bandra West and Tardeo saw explosive growth of 192% and 254%, respectively.
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Notably, 24% of luxury buyers came from outside South Mumbai—especially Goregaon East, which accounted for 7% of such transactions.
Record-Breaking Deals
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Leena Gandhi Tiwari: ₹639 crore at Naman Xana, Worli
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Shaula Real Estate: ₹225.8 crore at the same project
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Other large transactions include ₹201.6 crore (Oberoi 360 West), ₹185 crore (Lodha Sea Face), and ₹155 crore (Bandra West).
Upcoming Projects to Watch
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The West Park (DLF, Andheri West)
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Sunteck Nepean Sea (Nepean Sea Road)
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Prestige Nautilus (Worli)
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Rustomjee Crescent (Bandra West)
Outlook
Despite possible caution ahead due to global uncertainties, analysts remain optimistic. The trend of aspirational living, wealth growth, and premium project launches continues to drive Mumbai’s luxury property sector forward.
