The report is based on verified Maharashtra stamp duty and registration records and indicates that the city’s high-end housing market is now operating at a consistent daily pace rather than in sporadic spikes.

Monthly Performance

April was the strongest month of the quarter, with 563 registrations worth ₹5,726 crore. May saw volumes decline 22.7% to 435 registrations valued at ₹4,492 crore, though the average ticket size remained firm at ₹10.3 crore. June recovered in volume with 501 registrations (up 15% month-on-month), but total value moderated to ₹4,686 crore as the average ticket size fell to ₹9.4 crore, reflecting higher activity in the entry-level luxury segment of ₹5–10 crore.

The overall average ticket size across Mumbai’s luxury segment stood at ₹9.9 crore for the quarter.

Top Micro-Markets

Worli remained Mumbai’s highest-value luxury destination, generating ₹2,272 crore from 97 deals at an average ticket size of ₹23.4 crore. Lower Parel followed with ₹769 crore across 81 transactions (average ₹9.5 crore), while Bandra West recorded ₹575 crore from 54 deals (average ₹10.6 crore).

Suburban redevelopment corridors also featured prominently. Goregaon East logged 46 deals worth ₹552 crore, Andheri West 60 deals worth ₹425 crore, Vile Parle West 45 deals worth ₹413 crore, and Santacruz West 44 transactions worth ₹364 crore. These locations have joined traditional strongholds in the top-grossing micro-markets.

Developer Rankings

Godrej Properties led the developer table, driven by strong absorption at Godrej Trilogy in Worli, which alone recorded 37 deals worth ₹799 crore. Oberoi Realty followed with ₹889 crore across 92 units, supported by projects such as Oberoi Sky City in Borivali East and Oberoi Elysian in Goregaon East. Other notable performers included Lodha (Macrotech Developers) with ₹633 crore from 81 transactions, Hubtown with ₹531 crore from 20 deals, and K Raheja Corp with ₹509 crore from 49 transactions.

Market Commentary

Sumesh Mishra, Founder of Lighthouse PropTech, noted that the daily pace of 16 luxury home sales indicates HNI and UHNI buyers increasingly view premium real estate as a core wealth-preservation strategy rather than a purely cyclical asset. He also highlighted the growing role of suburban redevelopment hubs such as Goregaon East and Borivali East in expanding the geographic footprint of luxury housing in Mumbai.

Murtuza Vapiwala, Co-Founder of Lighthouse PropTech, observed that while ultra-high-ticket sales (₹50 crore and above) were quieter in June, the ₹5–10 crore segment remained resilient and continued to drive volumes. Sandeep Reddy, Co-Founder of Zapkey, emphasised that the ₹14,903 crore figure is based on actual registered transactions rather than listing data, underscoring genuine end-user and investor demand.

Notable Transactions

Among high-profile deals, a luxury apartment in Shandilya Villa, Worli, was leased for ₹29.42 lakh per month by Alkem Laboratories promoter Mrityunjay Kumar Singh. Cricketer Shreyas Iyer leased a residence in K Raheja Artesia, Worli, for ₹19.83 lakh per month, while actor Sidharth Malhotra leased a home in Nair House, Khar West, for ₹11 lakh per month.

Also Read: India’s Real Estate to Need ₹50 Lakh Crore Capital as Funding Gaps Persist

The post Mumbai Sells 16 Luxury Homes Daily Worth ₹164 Cr in Q1 FY27; Total Hits ₹14,903 Cr appeared first on Square Feat India.

The contiguous coastal plot is located in one of Mumbai’s most tightly held luxury residential micro-markets, where large developable land parcels have become increasingly scarce.

Rare Coastal Opportunity in Bandra West

Carter Road and the surrounding Bandra West coastline are among the city’s most aspirational residential destinations. Demand for large-format, high-ticket luxury homes continues to favour established neighbourhoods with limited A-grade supply. An unbroken one-acre parcel so close to the sea is therefore considered a rare development opportunity in the Mumbai Metropolitan Region.

The new project follows Supreme Universal’s earlier developments in the same neighbourhood, including Supreme ArtHouse at Carter Road and Supreme Prana and Supreme ArtVeda at Pali Hill.

Project Vision and Key Features

The development is planned as one of the tallest towers in the neighbourhood. Residences will be designed around privacy, open spaces and lifestyle experiences, with expansive ocean views as a central feature.

A defining element of the project will be a private sea-facing terrace for every residence, along with one of the largest terrace gardens overlooking the ocean. The company aims to make the sea and outdoor spaces an integral part of daily living rather than occasional amenities.

Planned Amenity Ecosystem

Given the relative scarcity of large land parcels along the Bandra coastline, most existing projects have been constrained in the scale of amenities they can offer. Supreme Universal says this parcel allows it to create a more comprehensive luxury amenity mix. Planned facilities include:

• Pickleball court
• Private dining rooms and banquet hall
• Resort-style spa
• Conference and co-working spaces
• Wellness and fitness centre
• Private cinema theatre
• Expansive ocean-facing terrace garden

Management Comment

Sunny Bijlani, Joint Managing Director of Supreme Universal, said the availability of a parcel of this scale so close to the coastline is increasingly rare. He stated that the project is being designed around what luxury homebuyers currently value — space, privacy, openness and thoughtfully planned experiences. The amenities, he added, are intended to function as a genuine extension of residents’ homes rather than standalone facilities.

Also Read: MHADA Announces Lottery for 1,418 Homes

The post Supreme Universal Secures 1-Acre Bandra West Plot with ₹1,500 Cr Potential appeared first on Square Feat India.

The Redevelopment Connection

The property, located in the premium tower “Parishram by Rustomjee,” was allotted to Zinta under a Permanent Alternate Accommodation Agreement. The actress was an original member of the Pali Hill Parishram Premises Co-operative Housing Society, having owned a flat in the old building since 1999.

Following a redevelopment agreement between the society and developers (now Keystone Realtors/Rustomjee), the old structure was demolished to make way for the new luxury tower. Zinta was officially handed possession of her new 11th-floor suite on April 30, 2025, after the project received its occupancy certificate.

Property Layout and Amenities

The sold premises, identified as Flat No. 1101, features a spacious carpet area of 1,771 square feet (approximately 164.52 square meters). The deal also includes three dedicated car parking spaces (numbered 122, 123, and 130) situated at Podium Level 4 of the building.

Financial Details and New Owners

The apartment was purchased for a total consideration of ₹18.50 crore. The new owners are Mrs. Priya Rajeev Nagar and Mr. Rajeev Yogesh Nagar, both U.S. citizens of Indian origin. As part of the registration process, a substantial stamp duty of ₹1.11 crore was paid to the state treasury, along with a registration fee of ₹30,000.

This latest transaction follows a similar move by the actress in November of last year, when she sold another apartment located on the same floor of the “Parishram” building.

Also Read: SHOCKING: Preity Zinta Takes ₹2.93 Crore Hit on Bandra Luxury Flat – Is Mumbai’s Property Party Finally Over?

The post Preity Zinta Sells Luxury Bandra Home Received Under Redevelopment for ₹18.50 Crore appeared first on Square Feat India.

The developer currently has an ongoing luxury redevelopment project in Matunga (East), being developed through a joint venture with Godrej Properties Ltd. The project, spread across approximately 1.4 acres, is located close to the iconic Five Gardens area and carries a gross development value (GDV) of over ₹900 crore, according to company officials.

The Matunga project offers large-format 3 BHK residences and curated lifestyle amenities, catering to homebuyers seeking spacious homes in legacy neighbourhoods. A show apartment for the project has recently been unveiled, allowing prospective buyers to experience the design approach and living spaces planned as part of the redevelopment.

Matunga’s Redevelopment Appeal Grows

Matunga continues to be one of Mumbai’s most sought-after residential precincts, known for its green spaces, strong community fabric, and relatively low-density character. Over the decades, the locality has attracted generations of families, supported by the presence of reputed educational institutions, healthcare facilities, and cultural landmarks.

While retaining its residential charm, Matunga has also seen a gradual transformation with the emergence of boutique cafés, artisanal dining options, and wellness-focused establishments. Its strategic location—offering connectivity to BKC, Lower Parel, and Worli—has further strengthened its appeal among end-users and upgraders.

Focus on Tenanted Redevelopment and Community Continuity

Commenting on the Matunga project, Akshay Mittal, Promoter, Mittal Builders, said that the redevelopment has been planned with sensitivity towards the neighbourhood’s character and the needs of existing residents.

He noted that more than 130 tenants have transitioned from a traditional tenanted structure to ownership as part of the redevelopment process. According to him, premium redevelopment is expected to play a larger role in the company’s portfolio going forward, with new launches planned in the second half of 2026.

Expansion Plans in Five Gardens and Wadala

Outlining future plans, Rahul Mittal, Promoter, Mittal Builders, said the company is currently evaluating expansion opportunities across Five Gardens, Matunga, and Wadala—micro-markets that have seen increasing interest for redevelopment-led housing.

The company indicated that its growth strategy is centred on established neighbourhoods with proven residential demand, while maintaining a focus on scale, liveability, and timely project delivery.

Strengthening Footprint in Premium Housing

With selective partnerships, redevelopment expertise, and a concentration on legacy locations, Mittal Builders is positioning itself to strengthen its footprint in Mumbai’s premium and luxury housing segment. As redevelopment gains momentum across the city, projects in neighbourhoods like Matunga and Wadala are increasingly seen as opportunities to blend modern living with the continuity of long-standing communities.

Also Read: HoABL’s Growth Housing in Naigaon Oversubscribed 6X: Affordable Meets Aspirational

The post Mittal Builders Strengthens Presence in Matunga with Premium Redevelopment Projects appeared first on Square Feat India.

The index, which tracks luxury property prices across 46 global cities, placed Seoul (25.2%), Tokyo (16.3%), and Dubai (15.8%) at the top three positions. Bengaluru, with a 10.2% increase, ranked 4th globally, while Delhi made it to 15th with 3.9% growth.

Despite global headwinds slowing prime residential growth to 2.3% annually (down from 3.5% in Q1 2025), Indian cities continued to shine. Analysts attribute Mumbai’s strong performance to infrastructure-led growth, including new metro lines, coastal road projects, and airport expansions, which have boosted investor and end-user confidence in the luxury segment.

Shishir Baijal, Chairman & Managing Director, Knight Frank India, said:

“India’s prime residential markets have shown remarkable resilience in a year when global growth momentum has eased. Mumbai’s renewed infrastructure-led appeal, Bengaluru’s tech-driven wealth creation, and Delhi’s steady luxury demand have collectively kept India in the global spotlight.”

Globally, markets are seeing mixed trends. Liam Bailey, Global Head of Research, Knight Frank, noted that while some European cities are showing unexpected resilience, Asia’s top performers are beginning to stabilize.

The report highlights that Indian metros remain long-term wealth stores for domestic and global investors, supported by economic stability, limited prime supply, and sustained wealth creation in urban hubs

The post Mumbai Among World’s Top Prime Housing Markets, Ranks 6th Globally appeared first on Square Feat India.

The company plans to launch the project in calendar year 2026, featuring two striking 50-storey towers offering spacious 3, 4, and 5 BHK residences as well as exclusive penthouses. According to Arkade, the project has a projected Gross Development Value (GDV) of ₹3,000 crore, positioning it among Western Mumbai’s most premium housing addresses.

“Filmistan Studios holds immense emotional and legacy significance for Mumbai, and we are privileged to be entrusted with shaping its next chapter,” said Amit Jain, Chairman and Managing Director of Arkade Developers Limited. “This development will go beyond being a premium address and will offer a thoughtfully curated lifestyle experience for a discerning few. With this transformation, we are reaffirming our promise to deliver spaces that are both timeless and transformative.”

The acquisition reflects Arkade’s strategy of expanding its footprint across Mumbai’s western suburbs, with additional project launches planned in early 2026.

Goregaon: From Industrial Legacy to Premium Residential Hub

Goregaon has evolved rapidly into one of Mumbai’s most strategically positioned residential corridors. Its excellent connectivity—including proximity to the Western Express Highway, major metro lines, and arterial roads—offers seamless access to commercial hubs such as Mindspace Malad, Bandra-Kurla Complex (BKC), Andheri, and Goregaon’s own business districts.

Beyond connectivity, Goregaon boasts robust social infrastructure: reputed schools, hospitals, shopping malls, entertainment centres, and abundant green spaces such as Aarey Forest. Local real estate brokers estimate current per-square-foot prices in Goregaon West range between ₹30,000 and ₹40,000, depending on factors like project amenities, floor height, and developer track record.

A Rich Legacy and Strong Track Record

Amit Jain added that the Filmistan redevelopment marks Arkade’s foray deeper into the uber-luxury residential segment, underscoring its commitment to crafting family-friendly homes that combine trust, transparency, and innovation.

Also Read: Samudra Mahal Duplex Sold For ₹46.29 crore

The post Arkade Developers Acquires Filmistan Pvt Ltd for ₹183 Crore; Plans ₹3,000-Crore Luxury Housing Project in Goregaon West appeared first on Square Feat India.