Ultra-Luxury Homes Sales Soar to ₹4,754 Crore in 2024, Driven by Mumbai’s Strong Demand

In 2024, ultra-luxury home sales across India reached a record ₹4,754 crore, marking a 17% year-on-year increase. Mumbai dominated the market with 52 high-value deals, including properties priced over ₹100 crore. The continued demand from HNIs and Ultra-HNIs, coupled with a growing interest in premium apartments and bungalows, underscores the resilience of India’s luxury real estate market.

Indian Real Estate: Riding Higher in 2025

The Indian real estate market is on track for a robust 2024, driven by key regulatory reforms, increased transparency, and a favorable economic environment. From a strong demand for Grade A office spaces across major cities to continued growth in residential and industrial sectors, all asset classes are poised for impressive performance. Institutional investments are expected to remain healthy, with a particular focus on Tier-II/III cities, offering opportunities for higher returns due to urbanization and infrastructure development.