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Mumbai's ultra-luxury housing segment witnessed a historic rise in the first half of 2025, with sales of homes priced at INR 10 crore and above touching a record INR 14,751 crore, a 20% jump over the same period last year. According to a joint report by India Sotheby's International Realty (ISIR) and CRE Matrix, this surge was led by robust demand in affluent neighbourhoods like Worli, Prabhadevi, and Malabar Hill. Primary market sales dominated both volume and value, indicating buyers' preference for newly built, well-amenitized luxury properties.
Mumbai's ultra-luxury real estate market has achieved a new milestone with home sales worth INR 14,751 crore recorded in the first six months of 2025. This marks a 20% rise compared to the same period last year, as revealed by a report released this past week by India Sotheby's International Realty (ISIR) in collaboration with real estate analytics firm CRE Matrix. Advertisement
A total of 692 homes priced at INR 10 crore and above were sold during the January-June period this year, up 11% from 622 units sold during the corresponding months last year. The spike in both value and volume reflects growing confidence and demand for top-tier housing in India's financial capital.
ISIR's Executive Director Sudershan Sharma commented that Mumbai's high-end residential sector is undergoing a strong upswing, with consistent sales reflecting buyers' strong appetite for ultra-premium homes. He pointed to prime neighbourhoods such as Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West as the most active micro-markets, driven by recent infrastructure upgrades and a steady influx of luxury inventory.
Adding further insight, Abhishek Kiran Gupta, Founder & CEO of CRE Matrix, said buyer preferences are now clearly tilting towards primary sales. Modern construction, superior amenities, and better specifications are prompting high-net-worth individuals to choose new luxury developments over resale properties.
Primary market transactions clocked in at 501 units up from 422 units during the same period last year. The total value of these new homes stood at INR 11,008 crore, marking a sharp increase from INR 8,752 crore in the previous year's first half.
Meanwhile, the resale segment saw a minor dip in unit sales, falling to 191 units from 200 units a year earlier. However, despite the lower volume, the value of secondary market sales still inched up to INR 3,743 crore, compared to INR 3,533 crore previously, indicating that higher ticket-size deals continued in this segment as well.
The continued growth of luxury home sales comes on the back of ongoing infrastructure enhancements like the Mumbai Trans Harbour Link and coastal road projects, which have improved accessibility to several posh localities. Over the past couple of years, Mumbai has also seen heightened interest from NRIs and domestic investors looking for value preservation through real assets.
Source PTI
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