Record Surge in Mumbai's Luxury Home Market Amidst Strong Demand
Mumbai has witnessed a 20% rise in ultra-luxury home sales, valued at Rs 14,751 crore, in the first half of 2025. This growth is fueled by better infrastructure and increased supply. The primary market, particularly, shows significant interest from buyers looking for newly built homes.
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The Mumbai luxury real estate market has experienced a remarkable boom, with a 20% increase in sales of homes priced Rs 10 crore and above from January to June 2025. This surge is reflected in a total transaction value of Rs 14,751 crore, according to India Sotheby's International Realty and CRE Matrix.
Executive Director Sudershan Sharma points to a consistent appetite for ultra-premium homes in established micro-markets such as Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West. This demand is driven by infrastructural enhancements and new inventory coming into the market.
Further analysis reveals a preference for newly built luxury residences, as shown by a 19% increase in primary market sales to 501 units, compared to the previous year's figures. Although re-sales dipped slightly, the secondary market still holds a significant Rs 3,743 crore in value.
(With inputs from agencies.)
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