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Mumbai’s Luxury Real Estate Market: A New High in 2025

Mumbai luxury housing market H1CY 2025

Mumbai’s luxury housing market has surged to record levels in the first half of 2025. According to the Sotheby’s International Realty and CRE Matrix H1 CY’25 Luxury Housing Report, sales of high-end homes priced at ₹10 crore and above reached an all-time high, with total transactions hitting around ₹14,750 crore in H1 2025. Demand grew steadily as wealthy individuals and lifestyle upgraders steered the market forward. The city reaffirmed its position as India’s top luxury property destination.

Record Sales and Market Growth

Mumbai’s luxury segment recorded ₹14,750 crore in sales in the first half of the calendar year 2025 (H1 CY25). This is the highest half-yearly figure ever for homes priced above ₹10 crore. The total sale value rose about 11 % year-on-year compared to H1 2024. Both primary sales (new launches) and secondary sales (resale) contributed strongly.

Developers and brokers reported that properties in the ₹20–40 crore bracket saw especially strong growth, with sales values jumping sharply from previous years. Homes priced above ₹40 crore also saw a significant rise in transactions, indicating strong confidence at the very top of the market.

A record 1,335 luxury units were sold in the last 12 months, the highest ever in any 12-month period.

Who Is Buying and Why

The main drivers of demand were high-net-worth individuals (HNIs) and lifestyle upgraders who sought larger, better-located homes. Buyers showed a willingness to pay premium prices for space, views, and top-class amenities.

About 24 % of luxury home purchases were made by buyers relocating from beyond traditional luxury zones like South Mumbai. This shows a wider interest in luxury living across the metropolitan area.

Mumbai’s luxury home market also attracted buyers from outside the city and overseas investors. Many of these buyers view high-end real estate both as a status asset and a wealth preservation play, especially amid growing personal wealth and economic confidence.

Top Micro-Markets and Trends

Certain neighborhoods stood out for their luxury appeal. Worli remained the most sought-after luxury location, accounting for a large share of total sales value. Bandra West, Tardeo, Prabhadevi, and Malabar Hill also posted strong performance with double-digit growth.

Developers reported that the primary market—newly built premium apartments—made up around three-quarters of total sales volume, while resale sales remained strong as well.

Buyers preferred apartments of 2,000–4,000 sq ft, which accounted for about 70 % of sales. This reflects a shift toward larger, more comfortable living spaces.

Bottom Line

Mumbai’s luxury real estate market reached historic levels in H1 2025. Record transaction values and expanding demand reflect strong confidence among wealthy buyers. Luxury homes are now central to Mumbai’s housing story. With broad buyer interest and new high-end launches, the momentum looks set to continue.

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