Is Worli in Mumbai Dominating Ultra-Luxury Residential Transactions?
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Synopsis
Worli, a key area in Mumbai, now accounts for 40% of India's ultra-luxury residential transactions, reshaping the real estate landscape. With significant infrastructure investments and high-value deals, this neighborhood is becoming a global contender in the luxury market.
Key Takeaways
- Worli dominates India's ultra-luxury real estate market.
- 40% of high-net-worth transactions occur here.
- Significant infrastructure investment supports growth.
- High-value sales are rapidly increasing.
- Worli's transformation showcases India's evolving luxury landscape.
New Delhi, Dec 4 (NationPress) Worli in the Mumbai Metropolitan Region has emerged as the focal point of India's wealth accumulation, representing 40 percent of the nation’s ultra-high-net-worth residential deals, with prices that compete with international benchmarks, according to a report released on Thursday.
This growth is bolstered by an extensive Rs 69,000 crore infrastructure ecosystem and a projected influx of projects valued over Rs 36,000 crore, as highlighted in the report by ANAROCK and 360 One Wealth.
In a mere 24 months, more than 30 residences priced above Rs 40 crore each have been transacted, amounting to over Rs 5,500 crore, showcasing a transaction pace that is reshaping India's residential real estate hierarchy.
“Forty percent of India’s ultra-luxury apartment market is now centered in Worli. Across the nation – from Bangalore's expansive tech zones to Delhi's elite districts – Worli constitutes nearly half of all transactions exceeding Rs 40 crore,” stated ANAROCK Group Chairman Anuj Puri.
“The momentum is rapidly increasing. The area recorded one of India's priciest apartment deals - two duplexes exchanged for over Rs 700 crore in 2025. In the last three years, Worli finalized over 20 residential transactions priced above Rs 100 crore,” he added.
Luxury tower apartments in Worli now command prices ranging from Rs 65,000 to over Rs 1 lakh per sq. ft., comparable to New York's Lower Manhattan.
The report also indicated that apartments under 1,000 square feet are priced below Rs 8 crore, while ultra-premium residences exceeding 4,000 square feet are valued at over Rs 32 crore.
“Two decades of relentless development have transformed what was once an inconspicuous industrial area into a curated lifestyle hub. Currently, 4-5 million sq. ft. of premium residential and retail space is under construction, representing just the visible aspect of a more profound structural evolution,” the report concluded.
Point of View
I believe the staggering growth of Worli in the ultra-luxury residential market reflects broader shifts in India’s economic landscape. The concentration of wealth and the quality of infrastructure development in this area signal a new era for luxury living in Mumbai, aligning with global standards. This trend merits close attention as it shapes not just the real estate market, but also the lifestyle aspirations of many Indians.
NationPress
04/12/2025
Frequently Asked Questions
What percentage of ultra-luxury residential transactions occur in Worli?
Worli accounts for 40 percent of India's ultra-high-net-worth residential transactions.
What is the average price range for premium tower apartments in Worli?
Premium tower apartments in Worli are priced between Rs 65,000 to over Rs 1 lakh per square foot.
How much has been invested in infrastructure in Worli?
An investment of over Rs 69,000 crore has been made in the infrastructure ecosystem of Worli.
What notable transactions have occurred in Worli recently?
In recent years, Worli has seen over 20 residential deals each priced above Rs 100 crore.
How has the development in Worli changed its landscape?
Worli has transformed from an industrial area to a curated lifestyle ecosystem, with millions of square feet of premium residential and retail space being developed.
