Mumbai Luxury Home Sales Hit Rs 147.50 Bn in H1 2025

25 Jul 2025 CW Team

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

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..