Did Mumbai's Luxury Homes Sales Really Hit Rs 14,750 Crore in the First Half of 2025?
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Synopsis
Mumbai's luxury real estate market has soared to new heights in 2025, achieving record sales of Rs 14,750 crore in just the first half. This remarkable growth is fueled by increasing wealth and rising demand from high-net-worth individuals, particularly in prime locations. Discover the trends and insights that are reshaping this vibrant market.
Key Takeaways
- Mumbai's luxury real estate market achieved record sales of Rs 14,750 crore in H1 2025.
- 11% increase from H1 2024 sales figures.
- Worli remains the top luxury destination with 22% of primary sales.
- High demand for properties in the Rs 20-Rs 40 crore range.
- 1,335 luxury units sold, marking the highest sales in 12 months.
Mumbai, July 22 (NationPress) The luxury real estate sector in Mumbai (properties priced at Rs 10 crore and above) has achieved a historic milestone in the first half of 2025, with sales reaching an impressive Rs 14,750 crore in both primary and secondary markets, according to a report released on Tuesday.
This marks an 11 percent rise in luxury home sales for H1 2025 compared to Rs 12,300 crore during the same period in 2024.
The overall luxury property market has reached unprecedented heights, boasting a total sales value of Rs 28,750 crore from H2 2024 to H1 2025, as reported by India Sotheby’s International Realty and CRE Matrix.
The increase in luxury home sales indicates a strong demand in the residential sector, fueled by growing wealth, investor confidence, and the increasing purchasing capacity of high-net-worth individuals.
“Mumbai’s luxury real estate landscape is at a crucial juncture. The record sales in H1 2025 highlight a sustained demand for ultra-luxury residences, particularly in established micro-markets like Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West—a trend driven by improved infrastructure and a wave of high-quality new developments,” stated Sudershan Sharma, Executive Director at India Sotheby's International Realty.
The primary market accounted for almost three-quarters of the sales volume, while the secondary market contributed Rs 3,750 crore, both reaching their peaks in the last five years.
Worli remained the top choice for luxury properties, accounting for 22 percent of primary sales value. Other flourishing micro-markets included Bandra West (showing a 192 percent growth), Tardeo (an impressive 254 percent growth), Prabhadevi, and Malabar Hill.
The largest buyer demographic was the 45–65 age group, with those over 65 years making up 15 percent of the sales. Properties ranging from 2,000 to 4,000 square feet dominated the market, constituting 70 percent of primary sales, according to the report.
“In this timeframe, 1,335 luxury units were sold, marking the highest sales for any 12-month period. The continuous growth, especially in the Rs 20–Rs 40 crore segment, indicates a strong interest from buyers and a confident, albeit increasingly selective, luxury market,” noted Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix.
Point of View
It is evident that Mumbai's luxury real estate market is thriving, reflecting broader economic trends and increasing demand among affluent buyers. The significant sales figures indicate a robust recovery and sustained interest in high-value properties, showcasing the city's appeal as a prime investment destination.
NationPress
22/07/2025
Frequently Asked Questions
What are the key factors driving luxury home sales in Mumbai?
The surge in luxury home sales in Mumbai is primarily driven by rising wealth, increased investor confidence, and higher purchasing power among high-net-worth individuals.
Which areas in Mumbai are the most popular for luxury homes?
The most sought-after locations for luxury homes in Mumbai include Worli, Bandra West, Tardeo, Prabhadevi, and Malabar Hill.
What is the average size of luxury apartments sold?
Luxury apartments between 2,000 and 4,000 square feet make up 70% of primary sales in the market.
How does the primary market compare to the secondary market in luxury real estate?
In the first half of 2025, the primary market accounted for nearly three-quarters of luxury sales, while the secondary market contributed Rs 3,750 crore.
What demographic is driving luxury real estate sales?
The largest segment of buyers is aged 45-65, with a growing percentage of buyers over 65 years old contributing to the market.
