US-Based NRI Couple Buys Two Sea-Facing Luxury Apartments in Bandra for ₹56 Crore

US NRI couple buys apartments in Bandra 1

A US-based Non-Resident Indian (NRI) couple has made headlines by purchasing two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore. The transaction was registered on September 3, 2025, and is among the highest-value deals recorded in the area, according to property registration documents accessed by CRE Matrix.

The two apartments are part of the prestigious Satguru Kismet project, located in a prime neighborhood close to Sachin Tendulkar’s bungalow, the vibrant Carter Road promenade, and the upcoming Bandra-Versova Sea Link connector. Each apartment spans 2,189 sq ft, with an additional balcony deck area of around 120 sq ft, offering panoramic sea views and ample living space. 

The apartments were sold at a record price of ₹1.27 lakh per sq ft, which places them among the highest rates in Bandra West. Industry experts noted that while some apartments in Pali Hill, Bandra West, have been sold at rates exceeding ₹1.40 lakh per sq ft, such sea-facing properties continue to attract ultra-premium pricing due to their location and exclusivity.

The financial structure of the deal reveals that the NRI couple made a significant down payment of nearly ₹10 crore to the developer, with the remaining balance payable in phased installments. Additionally, the buyers paid a stamp duty of ₹1.68 crore and a registration fee of ₹30,000 for each apartment, in line with regulatory requirements.

Currently, Satguru Kismet is an under-construction project with a RERA deadline set for December 2027. Given its ultra-prime location, sea-facing view, and high-end specifications, the project continues to attract interest from NRIs and wealthy individuals seeking luxury homes in Mumbai.

Bandra West has long been a favorite among affluent homebuyers, offering a unique blend of scenic coastal views, strong connectivity, and access to Mumbai’s best lifestyle amenities. The area’s status as a residential and commercial hotspot remains unchallenged, further driven by infrastructure developments such as the upcoming Bandra-Versova Sea Link. This landmark deal highlights the continued demand for high-value properties in Mumbai and reflects the confidence of NRIs in the city’s real estate market as a strong investment opportunity.

Recent Transactions

Recent high-value property deals highlight Mumbai’s booming luxury real estate market, with NRIs and investors acquiring premium sea-facing apartments in Bandra and nearby localities. In a recent transaction, Pradeep Navratna Gupta, Co-Founder and Vice Chairman of Anand Rathi Wealth, purchased a sprawling apartment at Lodha Sea Face in Worli for a staggering ₹1,31.74 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

India’s Office Real Estate: A Narrative of Renewed Momentum and Tightening Markets

India office market 2025

India’s office real estate sector is witnessing a strong recovery and structural shift in 2025, fuelled by sustained demand from Global Capability Centres (GCCs), healthy domestic corporate expansion, and a growing preference for quality Grade‑A office space. Across major cities from Bengaluru to Hyderabad and the Mumbai Metropolitan Region (MMR), vacancy rates are tightening, and rental values are on the rise, signaling investor confidence and robust occupier activity in a market that had grappled with pandemic‑era challenges.

According to the CREDAI‑CRE Matrix India Office Report for Q2 CY’25, vacancy rates in the office market have declined significantly as demand continues to outpace supply, backed by strong tenant interest and healthy absorption across key hubs.

 Key Takeaways

1. India’s office vacancy has declined to 14.7%

The overall office vacancy rate in India fell to 14.7% in H1 CY’25, reflecting a tightened market where occupier demand is absorbing new and existing space more quickly than it is coming to market. This improvement is supported by robust absorption of 34.5 million sq ft of office space in H1 CY’25.

2. 28.8 msf of new supply added in H1, with Pune contributing nearly 30%

Despite the strong leasing momentum, the market saw 28.8 million sq ft of new office supply in H1 CY’25, with Pune emerging as a key contributor — accounting for almost 30% of the new completions. The influx of fresh stock highlights continued development activity, especially in emerging micro‑markets outside the traditional metros.

3. Hyderabad is set to overtake MMR in office stock

One of the most striking trends in 2025 is Hyderabad’s rapid growth trajectory. The CREDAI‑CRE Matrix report notes that Hyderabad’s office stock is poised to overtake that of the MMR by the next quarter, underlining the city’s emerging role as a major office destination driven by IT/ITeS, services, and flexible workspace growth.

4. Pan‑India rentals climbed to ₹90.7 psf/month

Along with tightening vacancy, rental values across India’s office markets have climbed, with pan‑India averages rising to around ₹90.7 per sq ft per month — a reflection of landlords’ strengthened pricing power amid strong occupier demand.

What’s Driving the Office Market Upturn?

Strong occupier demand and steady business expansion are driving leasing activity across key office markets. This is tightening vacancies and strengthening rental values across cities.

GCC Expansion and Strong Domestic Demand

A central theme across recent reports is the significant contribution of Global Capability Centres (GCCs) to office leasing activity. GCCs, representing multinational service and technology centres, continue to expand their footprint in Indian cities. This has driven substantial absorption volumes and lowered vacancy. The trend is supported by India’s cost competitiveness, large talent pool, and favourable business environment.

Occupier Diversity and Sectoral Strength

Leasing activity is broad‑based — with IT/ITeS, BFSI (banking, financial services and insurance), and co‑working/flexible office models contributing significantly to demand. The diversified demand base has helped sustain absorption across cyclical variations, and flexible workspace continues to gain traction, especially in Hyderabad.

Emerging Cities and Supply Growth

While traditional hubs like Bengaluru, MMR, and Delhi‑NCR remain major contributors to demand, secondary and emerging markets — such as Pune and Hyderabad — are increasingly shaping supply dynamics. Pune’s strong addition of new stock and Hyderabad’s rapid growth reflect shifting preferences and infrastructure‑led expansion.

Rental Resilience

With vacancy rates shrinking and demand robust, landlords have been able to push rental values higher. Cities such as Delhi and Mumbai continue to command premium rents, contributing to the overall pan‑India rental increase.

City‑Level Snapshots

  • Bengaluru continues to lead leasing activity thanks to strong tech and GCC demand.
  • Delhi‑NCR remains a key market with ongoing corporate and BFSI leasing.
  • Hyderabad’s rapid office stock build‑out signals its rise as a major corporate hub.
  • Pune’s emergence as an important supply centre suggests offices are decentralising beyond traditional metros.

Outlook: What’s Next for India’s Office Real Estate?

The current market narrative points to sustained leasing momentum, continued infrastructure‑led expansion in emerging cities, and robust occupier confidence. Vacancy rates are likely to stay tight in the near term, while rental growth could continue as quality Grade‑A space remains in high demand. The ongoing GCC expansion story and domestic corporate growth are expected to remain key drivers of market performance.

In summary, India’s office market in 2025 exemplifies not just a post‑pandemic rebound — but a structural transformation rooted in diversified demand, new city‑level growth centres, and strengthening fundamentals.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Media Mentions

PVR INOX Secures 15-Year Lease for 10-Screen Megaplex at Borivali’s Sky City Mall

PVR Inox Leases retail space in Borivali

PVR INOX Ltd has expanded its footprint in Mumbai with a major leasing deal at Borivali’s Sky City Mall. According to property registration documents accessed by CRE Matrix, the cinema giant has leased 43,534 sq. ft. of retail space from Oberoi Realty for a 15-year term.

The agreement, registered on July 9, 2025, outlines a monthly rental of ₹91.42 lakh or 20% revenue share (biannually), whichever is higher. Additionally, PVR INOX has paid a security deposit of ₹10.97 crore, with a clause that mandates a 15% escalation every 36 months. The transaction also includes a five-year lock-in period, ensuring long-term stability for both parties.

Although the fit-out access was granted in March 2024, the rent commencement has been scheduled for July 30, 2025.

Coinciding with the lease registration, PVR INOX announced on August 22, 2025, the launch of a 10-screen megaplex at Sky City Mall. Spread across 43,500 sq. ft., the multiplex is designed to deliver a premium cinematic experience.

The megaplex features foyers, lounges, and 10 uniquely designed auditoriums with a combined seating capacity of 1,372. This opening marks another milestone in PVR INOX’s strategy of strengthening its presence in Mumbai’s suburban markets, where demand for modern entertainment infrastructure continues to rise.

The Borivali megaplex aligns with PVR INOX’s ongoing expansion plans as it consolidates its leadership position in the Indian multiplex industry. By entering into a long-term agreement with Oberoi Realty, the company ensures a strong foothold in one of Mumbai’s busiest suburban retail hubs.

With Borivali emerging as a vibrant residential and commercial catchment, the Sky City Mall megaplex is expected to attract significant footfall. This has further boosted the area’s retail and entertainment ecosystem.

Recent Transactions

Mumbai’s commercial real estate market continues to witness high-value transactions, with leading developers, corporates, and retailers securing premium spaces across the city. From long-term office leases to retail expansions, these deals highlight strong demand and confidence in Mumbai’s growth potential. 

In a recent transaction, Global tech giant Apple leased 12,616 sq ft of premium retail space in Mumbai’s fast-growing suburb of Borivali. In another transaction, Tesla leased a 24,500 sq. ft space in Lodha Industrial and Logistics Park, Kurla West, to set up its first vehicle service center in India.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Eaton Technologies Leases 1.5 Lakh Sq Ft Office Space in Pune’s Baner from K Raheja Corp Subsidiary

Eaton Technologies Leases 1.5 Lakh Sq Ft Office Space

Eaton Technologies India has made a significant office space commitment in Pune, leasing 150,000 sq ft at Aditya Shagun Infinity IT Park in Baner for a 10-year term. According to property registration documents accessed by CRE Matrix, the deal carries a potential rental outflow exceeding ₹250 crore over the lease period.

The leased space, spread across three floors, has been taken from Asterope Properties Pvt Ltd—part of K Raheja Corp—at a starting monthly rent of ₹1.65 crore (₹110 per sq ft) with an annual escalation of 4.5%. The agreement includes a five-year lock-in period, a security deposit of ₹9.9 crore, and parking for 150 four-wheelers and 150 two-wheelers. Eaton also holds the option to lease an additional 47,000 sq ft within the same complex.

The lease commences on July 15, 2025, with occupancy phased across three timelines—July 15, December 1, and January 15, 2026. Fit-out rent is set at ₹2,400 per sq ft per month, while common area maintenance (CAM) charges are fixed at ₹14.75 per sq ft per month.

Eaton Technologies, the Indian arm of the US-based intelligent power management company Eaton Corporation, plans to establish its Global Capability Center (GCC) at this location. This move underscores India’s growing role as a GCC hub, driven by strong talent availability, competitive operating costs, and modern infrastructure.

The deal is part of a rising trend of large, pre-committed office leases in Pune, especially in the western corridor covering Baner, Balewadi, and Hinjewadi. Over the past 18 months, this region has attracted major commitments from multinational corporations across technology, engineering, and financial services sectors.

With its strategic location and high-grade infrastructure, Baner continues to position itself as a preferred destination for companies looking to set up large-scale operations in India.

Recent Transactions

Pune’s commercial real estate market has seen a surge in activity recently, with major corporates securing premium office spaces across key business districts. This reflects strong demand driven by IT, engineering, and global capability centres expanding operations in the city.

In a similar transaction earlier this year, Citigroup Inc. secured over 7.7 lakh sq ft of office space through a long-term lease in Pune’s Kharadi. In another transaction, Awfis Space Solutions leased 1.97 lakh sq ft of office space in the same locality of Pune.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Media Mentions

India’s Housing Market in H1 2025: Luxury Takes the Lead

India’s Housing Market in H1 2025

India’s residential real estate market in the first half of 2025 presented a compelling paradox — record sales value alongside declining volume. It clearly highlights a shift toward premium and luxury homes while affordable markets struggle to find traction.

A Strong Value Story: ₹3.6 Lakh Crore Record Sales

According to the CREDAI-CRE India Housing Report for H1 CY’25, Tier-1 Indian cities collectively clocked housing sales worth a record ₹3.6 lakh crore in the first half of 2025 — a 9% increase in value compared with H1 2024 — even though the number of units sold fell around 4%.

Higher ticket sizes drove this value growth — the average unit price rose 14% YoY to ₹1.42 Cr, as buyers gravitated toward larger, better-located properties.

This dynamic underscores an important trend: value is outpacing volume — India’s real estate story is increasingly about premium positioning rather than sheer unit sales.

Regional Dynamics: Where Demand Is Most Intense

National Capital Region (NCR): A Powerful Leader

The NCR remained the top market by sales value in H1 2025 with a 26% share, fueled heavily by luxury homes priced above ₹3 crore.

Mumbai Metropolitan Region (MMR): Premium on the Rise

MMR maintained a strong position with a 23% revenue share, signaling continued demand in India’s traditional marquee market.

Southern Powerhouses: Unit Sales Outpace NCR

In unit terms, Southern India — especially Bengaluru, Chennai, and Hyderabad — led the pack, surpassing the NCR in the number of units sold, though not always in value.

This divergence — South leading in volume, NCR and Mumbai driving value — points to diversified demand dynamics across regions.

Luxury Accelerates; Affordable Struggles

One of the most notable shifts seen in multiple markets is the surge of high-end housing.

Hyderabad’s Market: Luxury at the Helm

In Hyderabad, flats priced above ₹3 crore accounted for more than a third of total sales value, making it the second costliest housing market in India after NCR.

By contrast, affordable housing, under ₹70 lakh, accounted for just ~3% of value, showing how scarcity in the lower end has reshaped demand patterns.

Overall Premium Surge

Across Tier-1 cities:

  • Luxury and premium homes drove value growth.
  • Average ticket sizes climbed significantly.
  • Developers responded with fewer launches but more aspirational inventory.

This confirms a buyer preference shift toward quality and lifestyle over basic affordability, a key narrative in 2025’s housing landscape.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Media Mentions

Tesla Leases 8,200 Sq Ft Showroom in Delhi’s Aerocity at ₹17.22 Lakh Per Month

Tesla Leases 8,200 Sq Ft Showroom in Delhi’s Aerocity

Elon Musk’s Tesla India Motors and Energy Pvt Ltd is accelerating its India expansion with a premium lease deal in the capital. According to property documents accessed by CRE Matrix, the electric vehicle maker has signed a nine-year agreement for an 8,200 sq ft showroom space in Delhi’s Aerocity, a high-profile hospitality and commercial hub located near Indira Gandhi International Airport. 

The lease, registered on July 30 with Oak Infrastructure Pvt Ltd, is valued at ₹210 per sq ft per month, amounting to ₹17.22 lakh in monthly rent. Tesla has also taken 10 parking slots at ₹6,000 per month each, alongside a security deposit of ₹1.03 crore.

The sublease begins on March 15, 2025, with a 120-day fit-out period before the commencement of rent payments on July 13, 2025. The agreement includes a three-year lock-in period, a 15% rent escalation every three years, and common area charges of ₹33.5 per sq ft per month, backed by a refundable CAM deposit of ₹16.48 lakh.

This Aerocity lease marks Tesla’s second major retail space in India following its high-profile entry into the market last month. On June 15, the company leased its first showroom at Maker Maxity Mall in Mumbai’s Bandra Kurla Complex, taking 4,000 sq ft in one of the country’s most expensive commercial districts for ₹23.38 crore over five years, and inaugurated it on July 15.

Tesla has not limited its expansion to retail spaces alone. Earlier, the company also secured nearly 51,000 sq ft of super built-up area at Orchid Business Park on Sohna Road, Gurugram, for a nine-year term at a starting monthly rent of ₹40.17 lakh. With prime locations now locked in across Mumbai, Gurugram, and Delhi, Tesla is positioning itself strategically in India’s most influential business hubs, setting the stage for an aggressive brand rollout in the world’s third-largest automobile market.

Media Mentions

What Can ₹1 Crore Buy in Hyderabad? From 480 Sq Ft in Jubilee Hills to 1,448 Sq Ft on the Outskirts

What Can ₹1 Crore Buy in Hyderabad Area Comparison Across Key Localities

Hyderabad’s housing market shows a clear gap in value across locations. A ₹1 crore budget stretches very differently depending on where you buy — from compact homes in premium neighbourhoods near the IT corridor to significantly larger apartments in the city’s peripheral markets. This contrast is highlighted in the report How Much Sqft Can You Buy in Hyderabad for ₹1 Crore?, which maps how location continues to shape affordability across the city.

Prime Locations Offer Less Space for the Same Budget

In upscale Jubilee Hills, one of Hyderabad’s most premium residential pockets, a ₹1 crore budget buys just about 480 sq ft of apartment space. The locality’s proximity to Banjara Hills and Hitech City, along with strong commercial demand, keeps property prices elevated.

Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix, notes that the concentration of commercial activity in Jubilee Hills also contributes to higher residential values, as companies are willing to pay a premium to operate from prime locations.

Other high-demand locations within the IT corridor also command premium rates. In Kokapet, buyers get around 617 sq ft for ₹1 crore, while in Nanakramguda, the same budget offers roughly 698 sq ft. These micro-markets continue to attract end-users and investors due to their closeness to major technology hubs and corporate offices.

Mid-Tier Localities Offer Better Value

Neighbourhoods slightly away from the core IT corridor offer comparatively more space. In Serilingampally, a ₹1 crore budget translates to around 764 sq ft, while Narsingi offers about 772 sq ft. Osman Nagar and Kukatpally provide marginally larger options at around 815 sq ft and 842 sq ft, respectively.

These areas remain popular among homebuyers seeking a balance between connectivity to employment hubs and relatively better affordability.

More Space in Emerging and Peripheral Markets

As buyers move further away from central business districts, the value per square foot improves significantly. Rajendra Nagar offers approximately 933 sq ft for ₹1 crore, while Tellapur and Miyapur provide close to 983 sq ft and 1,009 sq ft, respectively.

The largest apartment sizes within the ₹1 crore budget are found in peripheral markets. Nizampet offers around 1,024 sq ft, Bachupally about 1,059 sq ft, Patancheru close to 1,140 sq ft, Pocharam around 1,330 sq ft, and Isnapur offers the maximum space at nearly 1,448 sq ft.

IT Corridor Continues to Drive Premium Pricing

West Hyderabad continues to dominate as the city’s prime residential zone due to its proximity to the IT corridor. Areas such as Jubilee Hills, Kokapet, and Nanakramguda benefit from sustained demand driven by corporate presence, infrastructure development, and lifestyle amenities. This concentration of commercial and residential demand has led to consistently higher property values in these locations.

Rising Demand Is Stretching Affordability

Hyderabad’s luxury and mid-premium housing segments have witnessed strong price growth in recent years. While demand remains healthy in the ₹1–2 crore bracket, affordability pressures are becoming more visible for mid-income buyers. Despite higher prices, transaction volumes continue to remain steady, indicating sustained buyer confidence in the city’s residential market.

East Hyderabad, while still relatively affordable compared to the western IT corridor, is emerging as the next growth frontier. Improved infrastructure and upcoming commercial development are expected to drive future price appreciation in these areas.

Luxury Housing Has Headroom for Growth

Hyderabad’s luxury housing segment is still in a relatively early stage of development compared to more mature markets. Only a few micro-markets currently command very high per-square-foot prices, leaving room for further appreciation as premium housing demand grows.

However, long-term growth will depend on sustained corporate investments, steady job creation, and continued expansion of the city’s technology and commercial ecosystem. As Hyderabad attracts more businesses and professionals, demand for high-end and mid-premium homes is likely to remain resilient.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

K Raheja Corp Subsidiary Acquires 7.43 Acres in Mahalunge, Pune for ₹195 Crore

K raheja Acquires land parcel in Pune

In a major land acquisition move, Mumbai-based real estate major K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, has purchased a 7.43-acre land parcel in Mahalunge near Pune’s thriving Hinjewadi IT hub. According to property registration data accessed by CRE Matrix, the transaction was valued at ₹195 crore and was officially registered on July 21, 2025.

The land has been acquired from Pune-based Mahalunge Real Estate Developers Pvt Ltd and is reportedly earmarked for a large-scale township development. With growing interest in integrated township models in Pune’s rapidly expanding western corridor, this acquisition signals K Raheja Corp’s continued focus on high-potential micro-markets.

The deal also involved a stamp duty payment of ₹13.67 crore, reflecting the premium nature of the parcel and the location’s rising importance as a real estate hotspot.

Mahalunge, located adjacent to Hinjewadi and Baner, is part of the Pune Metropolitan Region Development Authority’s (PMRDA) smart city development initiatives. With a blend of connectivity, infrastructure upgrades, and residential demand, the area has emerged as a magnet for large-scale real estate investments.

K Raheja Corp’s entry reinforces the trend of top-tier developers staking claim in Mahalunge’s future. With this acquisition, the company is poised to contribute to the next phase of Pune’s urban transformation.

Pune’s real estate landscape is witnessing momentum, with several notable land deals shaping its growth trajectory. In a similar transaction, in November 2024, The Lodha Group purchased a 2.82-acre land plot in Pune’s Hinjewadi for approximately Rs 111 crore. 

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Mirzapur Actor Shweta Tripathi Buys ₹3 Cr Apartment in Chembur’s Supreme Boulevard

Shweta Tripathi Buys Chembur Apartment

According to documents accessed by CRE Matrix, acclaimed actor Shweta Tripathi, best known for her role in the hit series Mirzapur, has purchased a 3 BHK apartment in Chembur, Mumbai, for ₹3 crore. The property is located in Supreme Boulevard, a residential project developed by Mumbai-based real estate firm Supreme Universal.

The apartment spans 938 sq ft of usable area and is situated on the 9th floor of the building. Registered on July 2, 2025, the transaction involved a stamp duty of ₹15 lakh and registration charges of ₹30,000. Notably, Shweta Tripathi availed a stamp duty concession under the Maharashtra government’s policy that offers financial relief to women homebuyers.

The per square foot rate for the apartment stands at ₹32,000, and the deal includes two car parking spaces—an increasingly valued asset in the city’s competitive housing market.

Chembur, a suburb in eastern Mumbai, has experienced a surge in popularity in recent years, partly due to its improved connectivity and the influx of prominent developers. The area gained significant spotlight following two major acquisitions by Godrej Properties – the purchase of the iconic Raj Kapoor Studio and the Raj Kapoor bungalow. The current building under development on that land is part of Godrej’s broader strategy to redefine Chembur’s residential landscape.

With well-established social infrastructure and proximity to major business districts, Chembur continues to attract both end-users and investors alike. Shweta Tripathi’s recent investment further highlights the area’s growing appeal among Mumbai’s high-profile residents.

Make smarter real estate decisions with CRE Matrix’s data-driven insights. Book a demo now!

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.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Media Mentions