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luxury housing Mumbai

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India’s Ultra Luxury Home Market Soars: 49 Homes Above ₹ 100 Crore Sold for ₹ 7,500 Crore in Three Years

For the first time since 2022, Mumbai’s unsold inventory in the luxury housing segment has risen by 36%

Mumbai’s luxury housing market saw a 36% rise in unsold homes in Q1 2025 — the first yearly increase since 2022 — even as overall property registrations and state revenue surged to record levels. High new supply, rising prices, and economic headwinds slowed luxury sales, but strong momentum continues in mid-to-premium housing.
Mumbai recorded 12,070 property registrations in September 2025, marking a 32% YoY rise and the best September since 2013. Stamp duty revenues grew 47% YoY to ₹1,292 crore, boosted by festive demand and strong buyer confidence in suburban markets.

Mumbai Sees 2nd Continuous Dip in Property Registrations – Is the Real Estate Bubble About to Burst?

Mumbai’s property market witnessed its second straight monthly decline in registrations in May 2025, raising concerns over a potential slowdown. While mid-segment housing saw a dip, luxury property sales surged, keeping government revenue stable. Could this be an early sign of a real estate correction?