Mumbai's luxury real estate market hits Rs 14,750 crore sales

25-Jul-2025

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Mumbai’s luxury residential market has reached a new peak. Homes priced above Rs 10 crore recorded sales worth Rs 14,750 crore in the first half of 2025, marking the highest-ever half-yearly sales figure for this segment.

According to a report jointly released by India Sotheby’s International Realty and data analytics firm CRE Matrix, total sales for luxury homes in the past 12 months from July 2024 to June 2025 stood at an unprecedented Rs 28,750 crore. 

A record 1,335 luxury units were sold across primary and secondary markets during this period, making it the strongest 12-month stretch ever recorded in Mumbai’s high-end property space.

The report highlights an 11% growth in sales compared to the same period last year, when figures touched Rs 12,300 crore. Much of this growth has been driven by increasing wealth, a confident investment climate, and rising demand from high-net-worth individuals.

The report also found that the primary market accounted for nearly 75% of all luxury home sales, while the secondary (resale) market contributed Rs 3,750 crore, both figures being the highest seen in five years. 

Among the city’s micro-markets, Worli retained its top spot, contributing 22% of the total primary sales value. Bandra West and Tardeo also showed strong growth, with sales rising by 192% and 254% respectively.

Apartments between 2,000 and 4,000 square feet were the most popular, making up 70% of primary sales. Homes priced between Rs 10 crore and Rs 20 crore continued to be the most active segment, contributing between 60 and 75% of total sales.