Mumbai’s luxury housing market (Rs 100 million and above) has achieved a record high in the first half of 2025, with sales worth Rs 147.50 billion across both primary and secondary markets, according to a joint report by India Sotheby’s International Realty and CRE Matrix.

This marks an 11 per cent rise compared to Rs 123 billion in the same period last year (H1 2024). Combined with sales in H2 2024, the overall luxury housing segment hit an all-time high of Rs 287.50 billion between H2 2024 and H1 2025.

The surge reflects robust demand driven by rising wealth, strong investor sentiment, and growing purchasing power among high-net-worth individuals. The primary market contributed nearly 75 per cent of sales, while the secondary market saw transactions worth Rs 37.50 billion — the highest in five years.

Worli continued to dominate as the top luxury micro-market, accounting for 22 per cent of primary sales. Notable growth was also seen in Bandra West (192 per cent), Tardeo (254 per cent), Prabhadevi, and Malabar Hill.

Apartments sized between 2,000–4,000 sq ft made up 70 per cent of primary sales, with 1,335 luxury units sold — the highest in any 12-month period.

The majority of buyers were from the 45–65-year age group, while buyers above 65 years contributed to 15 per cent of sales. The Rs 200–Rs 400 million bracket continued to gain traction among luxury buyers.

News source: Lokmat Times