Mumbai Luxury Real Estate Sales Cross ₹14,750 Cr in H1 2025, Hit Record High
Mumbai’s ultra-luxury housing market (₹10 crore and above) reached a historic high in the first half of 2025, with total sales worth ₹14,750 crore across both primary and secondary markets. This marks an 11% rise from ₹12,300 crore in H1 2024, according to a report by India Sotheby’s International Realty and CRE Matrix.
The surge reflects growing demand from high-net-worth individuals, backed by rising wealth, investor confidence, and preference for larger, premium homes. The primary market dominated with three-fourths of the total sales, while the secondary market contributed ₹3,750 crore—both the highest in five years.
Worli continued to lead as Mumbai’s top luxury real estate destination, accounting for 22% of primary sales, followed by Bandra West, Tardeo, Prabhadevi, and Malabar Hill. Homes sized between 2,000–4,000 sq. ft. made up 70% of primary sales, with buyers aged 45–65 forming the majority. Notably, buyers over 65 years now represent 15% of the segment, indicating a broadening interest in luxury homeownership.
Sudershan Sharma Executive Director India Sotheby's International Realty said, “Mumbai’s luxury real estate market is at a pivotal moment. Record sales in H1 2025 signal sustained appetite for ultra-premium homes, especially in established micro-markets like Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West— driven by better infrastructure and a spate of high-quality new launches. This demand is buoyed by India’s expanding wealth base. The UBS Billionaire Ambitions Report 2024 notes India now has 185 billionaires, more than double the number a decade ago, with collective wealth rising 263% to US$ 905.6 billion. That said, with continued global uncertainty around tariffs, geo-political conflicts, and muted stock markets, the outlook for the remainder of 2025, while still positive, is expected to be more cautious and selective.”
Abhishek Kiran Gupta, Co-founder & CEO, CRE Matrix added, “Mumbai’s luxury real estate market hit a new high in H1 CY’25, clocking ₹14,750 Cr. in sales. Combined with H2 CY’24, total sales over the past 12 months touched ₹28,750 Cr.—an all-time record. During this period, 1,335 luxury units were sold, the highest for any 12-month stretch. The steady rise, particularly in the ₹20–40 Cr. segment, points to sustained buyer interest and a confident, though increasingly selective, high-end luxury buyer."
