Mumbai’s luxury real estate market reached new heights in the first half of 2025, with home sales in the ₹40 crore-plus range tripling—from just 17 units in H1 2022 to 53 in H2 2024—highlighting surging demand for ultra-premium addresses. Overall, homes priced above ₹10 crore recorded record-breaking sales worth ₹14,750 crore—a year-on-year growth of 11% from ₹12,300 crore.
A total of 692 luxury units changed hands during January–June 2025, up from 622 in the same period last year. Primary-market transactions dominated, accounting for nearly 75% of total sales value, while secondary deals contributed ₹3,750 crore—both five-year highs.
Worli remained the hottest micro-market, contributing 22% of primary sales, followed by Bandra West, which surged 192%, and Tardeo jumping 254%. Properties sized between 2,000–4,000 sq ft dominated, representing 70% of primary market volume.
Experts attribute the boom to rising high-net-worth population (India now has 185 billionaires), improved infrastructure, and an influx of premium launches. With luxury transactions at all-time highs and ultra-high-end interest climbing, Mumbai’s premium realty space shows no signs of slowing.
