Synopsis
Worli, a luxury real estate hotspot in Mumbai, has seen property transactions worth Rs 4,862 crore, with a price surge of 30% over two years. High demand for ultra-luxury homes continues to grow, driven by key infrastructure developments and prime connectivity.Key Takeaways
- Worli's property market recorded Rs 4,862 crore in ultra-luxury deals.
- Prices surged by 30% between 2022 and 2024.
- Average price per square foot reached Rs 75,000.
- Ultra-luxury home demand is increasing, with 30 transactions over Rs 40 crore.
- Infrastructure improvements enhance accessibility and attract investors.
Mumbai, March 13 (NationPress) Worli, a premier luxury real estate destination in Mumbai, has experienced an impressive rise in property transactions and price growth over the past two years, according to a recent report.
The report by Anarock highlights that the region has seen ultra-luxury home transactions amounting to Rs 4,862 crore in the last two years, showcasing its increasing popularity among high-net-worth individuals (HNIs) and investors alike.
The property market in Worli has transformed significantly, with prices escalating by 30 percent from 2022 to 2024.
The average cost per square foot has surged to Rs 75,000, with luxury homes predominantly priced between Rs 6 crore and Rs 12 crore, making up over half of the available listings.
The demand for ultra-luxury properties remains robust, with 30 transactions for residences priced above Rs 40 crore reported in the past two years.
In 2024 alone, Worli registered 10 transactions for homes valued over Rs 100 crore, a marked rise from just four such deals in 2023.
The allure of Worli is largely attributed to its prime location and excellent connectivity to key business hubs such as Bandra-Kurla Complex (BKC), Lower Parel, and Nariman Point.
Significant infrastructure projects like the Bandra-Worli Sea Link, Mumbai Coastal Road, and the upcoming Metro Line-3 are further bolstering accessibility, enhancing the area’s attractiveness for investors and homebuyers.
In addition to high-end residences, the locality is witnessing ongoing redevelopment of older properties, ensuring a steady influx of modern luxury housing, as outlined in the report.
The commercial real estate sector in Worli is also on the rise, with an expected addition of 2.98 million square feet of new office space between 2025 and 2026.
Rental prices in the region range between Rs 170 and Rs 280 per square foot per month, according to the report.
“Currently, Worli is defined by towering skyscrapers that offer stunning sea views, first-rate amenities, and some of the highest real estate prices in Mumbai,” stated Anuj Puri, Chairman of Anarock Group.
