Mumbai Luxury Housing Hits Rs 14,750 Cr in H1 2025, Setting All-Time Record

It has been confirmed by a report from India Sotheby’s International Realty and CRE Matrix that Mumbai’s luxury housing market has made its highest half-yearly collection yet for H1 2025, with ₹14750 crore for dwelling units above ₹10 crore. The figures show an increase of 11% from ₹12300 crore in H1 2024 and, at the same time, the continuation of the momentum in high-end real estate on the wings of affluence, confidence of investors, and improvements in lifestyle.

There was a phenomenal growth of 138% in the ₹20-40 crore segment since H1-2022. It reflects an indeed strong level of demand coming from mature and confident high-net-worth clientele. Primary market sales represented almost 75% of the volume, while secondary market figures were ₹3,750 crore, both of which are the highest in five years.

Worli acquired the top slot with 22% contribution in sales in primary transactions for the ultra-luxury markets, Bandra West, Tardeo, with a 254% increase. Malabar Hill and Prabhadevi also recorded strong uptrends. Bandra West alone witnessed a whopping 192% jump in sales. The largest group of homebuyers lies in the 45-65 years, while those in the age group of above 65 years accounted for 15% in purchases. Houses larger than 2000-4000 sq ft made up 70% of primary sales.

Among the Most Picayune Deals Were:* ₹639 crore by Leena Gandhi Tiwari at Naman Xana, Worli

• ₹225.8 crore by Shaula Real Estate at Naman Xana
• ₹201.6 crore by AEX Real Estate at Oberoi 360 West
• ₹185 crore by Seema Singh at Lodha Sea Face
• ₹155 crore by Apco Infratech at The Legend, Bandra West

The 12-month luxury sales tally (H2 2024 + H1 2025) hit a record ₹28,750 crore with 1,335 units sold. Properties over ₹40 crore also saw a threefold increase since 2022.

Emerging trends include growing demand from non-South Mumbai buyers, led by Goregaon East. Projects to watch include DLF’s West Park (Andheri West), Prestige Nautilus (Worli), and Rustomjee Crescent (Bandra West).

Despite global headwinds, experts say Mumbai’s luxury housing market remains strong, though buyer behaviour is becoming more selective.