1,335 units sold in 12 months; Worli, Bandra West, Tardeo lead the charge
Mumbai’s ultra-luxury housing market continues its historic run, with ₹10 crore and above residential units registering record half-yearly sales of ₹14,750 crore in H1 CY2025, according to a new report by India Sotheby’s International Realty and a real estate research firm.
This marks the highest-ever six-month sales figure for Mumbai’s top-end homes, driven by robust demand from high-net-worth individuals, increased investor confidence, and a growing appetite for larger, high-spec homes in prime locations.
The 12-month period from H2 CY2024 to H1 CY2025 saw combined sales of ₹28,750 crore from 1,335 units—the highest ever number of luxury homes sold in a year-long window.
📊 Mumbai Luxury Real Estate Market Overview
| Metric | Value |
|---|---|
| H1 CY2025 Sales (₹10 Cr+) | ₹14,750 Cr |
| H1 CY2024 Sales (₹10 Cr+) | ₹12,300 Cr |
| YoY Growth (H1) | 11% |
| Units Sold (12 months) | 1,335 |
| Total Sales (12 months) | ₹28,750 Cr |
| Primary Market Share | ~75% |
| Secondary Market Contribution | ₹3,750 Cr |
| Dominant Unit Size | 2,000–4,000 sq. ft. (70% of sales) |
🏙️ Top Performing Luxury Micro-markets
| Locality | Key Highlights |
|---|---|
| Worli | 22% of primary sales; home to ₹639 Cr deal |
| Bandra West | 192% growth YoY |
| Tardeo | 254% growth YoY |
| Prabhadevi | Continues to see robust demand |
| Malabar Hill | Strong demand from legacy buyers |
📈 Growth Segments & Buyer Profile
- Core Segment: ₹10–20 Cr homes made up 60–75% of total sales
- Surging Segment: ₹20–40 Cr homes saw a 138% growth vs. H1 CY2022
- Ultra-Luxury: ₹40 Cr+ homes tripled from 17 units in H1 CY2022 to 53 units in H2 CY2024
- Buyer Demographic:
- Age 45–65: Largest share
- Age 65+: Now 15% of buyers
- 24% buyers migrated from beyond South Mumbai
🏗️ Noteworthy Transactions (H2 CY2024–H1 CY2025)
| Buyer / Entity | Project & Locality | Deal Size |
|---|---|---|
| Leena Gandhi Tiwari | Naman Xana, Worli | ₹639 Cr |
| Shaula Real Estate Pvt Ltd | Naman Xana, Worli | ₹225.8 Cr |
| AEX Real Estate LLP | Oberoi 360 West, Worli | ₹201.6 Cr |
| Seema Singh | Lodha Sea Face, Worli | ₹185 Cr |
| Apco Infratech Pvt Ltd | The Legend, Bandra West | ₹155 Cr |
🏗️ Upcoming Projects to Watch
| Developer | Project | Location |
|---|---|---|
| DLF | The West Park | Andheri West |
| Sunteck | Nepean Sea | Nepean Sea Road |
| Prestige | Nautilus | Worli |
| Rustomjee | Crescent | Bandra West |
📣 Expert Quotes
“Mumbai’s luxury real estate market is at a pivotal moment. Record sales in H1 2025 signal sustained appetite for ultra-premium homes, especially in established micro-markets.”
— Sudershan Sharma, Executive Director, India Sotheby’s International Realty
🔍 Industry Insight
With India now boasting 185 billionaires—as per the UBS Billionaire Ambitions Report 2024—and their combined wealth soaring 263% over the last decade to US$905.6 billion, the luxury housing boom in Mumbai mirrors this upward wealth trajectory. However, experts signal a cautiously optimistic outlook for H2 2025, given global economic uncertainties.
Also Read: Century Real Estate Reports Strong Growth Amid Rising Demand for Luxury Properties in Bengaluru
