+
Mumbai Luxury Housing Sales Hit Rs 185.12 bn In H1 CY26
Real Estate

Mumbai Luxury Housing Sales Hit Rs 185.12 bn In H1 CY26

A joint report by India Sotheby's International Realty and CRE Matrix found that Mumbai's luxury residential market recorded a half-yearly transaction value of Rs 18,512 crore, about Rs 185.12 billion (bn), in the first half of calendar year 2026. Homes priced at Rs 10 crore and above, roughly Rs 100 million (mn), accounted for a year-on-year value rise of 12 per cent from Rs 16,518 crore. The result represented the highest half-yearly sales value on record.

The report identified 957 luxury home transactions in the six-month period, a 26 per cent increase year-on-year. Over the trailing 12 months about 1,699 luxury units were sold across primary and secondary markets, producing a record 12-month transaction value of nearly Rs 34,000 crore, about Rs 340 bn.

The Rs 20-40 crore price bracket was a primary growth driver, rising from 66 units in H1 CY23 to 156 units in H1 CY26, equivalent to Rs 200-400 million (mn). Homes measuring 2,000 to 4,000 sq ft accounted for 58 per cent of primary market sales. The top 10 localities generated nearly 80 per cent of total primary luxury sales value, led by Worli with Rs 4,493 crore, about Rs 44.93 bn. Luxury resale transactions totalled Rs 4,840 crore, about Rs 48.4 bn, while average luxury prices eased four per cent to approximately Rs 72,270 per sq ft.

Senior executives said the period set a new benchmark for the city and that combined performance with the previous half produced the strongest 12-month results on record. Demographic data showed buyers aged 35 to 55 years accounted for 58 per cent of purchases in H1 2026, while buyers above 65 years contributed 12 per cent of transactions. The firms indicated the market outlook was for cautious, end-user driven growth.

A joint report by India Sotheby's International Realty and CRE Matrix found that Mumbai's luxury residential market recorded a half-yearly transaction value of Rs 18,512 crore, about Rs 185.12 billion (bn), in the first half of calendar year 2026. Homes priced at Rs 10 crore and above, roughly Rs 100 million (mn), accounted for a year-on-year value rise of 12 per cent from Rs 16,518 crore. The result represented the highest half-yearly sales value on record. The report identified 957 luxury home transactions in the six-month period, a 26 per cent increase year-on-year. Over the trailing 12 months about 1,699 luxury units were sold across primary and secondary markets, producing a record 12-month transaction value of nearly Rs 34,000 crore, about Rs 340 bn. The Rs 20-40 crore price bracket was a primary growth driver, rising from 66 units in H1 CY23 to 156 units in H1 CY26, equivalent to Rs 200-400 million (mn). Homes measuring 2,000 to 4,000 sq ft accounted for 58 per cent of primary market sales. The top 10 localities generated nearly 80 per cent of total primary luxury sales value, led by Worli with Rs 4,493 crore, about Rs 44.93 bn. Luxury resale transactions totalled Rs 4,840 crore, about Rs 48.4 bn, while average luxury prices eased four per cent to approximately Rs 72,270 per sq ft. Senior executives said the period set a new benchmark for the city and that combined performance with the previous half produced the strongest 12-month results on record. Demographic data showed buyers aged 35 to 55 years accounted for 58 per cent of purchases in H1 2026, while buyers above 65 years contributed 12 per cent of transactions. The firms indicated the market outlook was for cautious, end-user driven growth.

Related Stories

Gold Stories

Next Story
Building Material

Cement Prices Rise Rs. 7 per Bag in September; October Hikes Expected

Cement companies may seek to raise prices by Rs. 5 to Rs. 20 per bag across most markets in October, although the ability to sustain the increases will depend on demand recovery and dealer acceptance, according to a report by Centrum Broking. The outlook follows a pickup in pricing momentum during September after largely stable prices in July and August. The all-India average trade price increased by Rs. 7 per bag month-on-month to Rs. 356 in September. Centrum Broking’s channel checks indicated gains across both trade and non-trade segments, with non-trade prices recording sharper increases..

Next Story
Products

Minister G Kishan Reddy Says No Coal Shortage Despite Higher Power Demand

Union Coal and Mines Minister G Kishan Reddy said India was not facing a coal shortage despite higher demand from thermal power plants, monsoon-related disruptions in mining operations and lower hydropower generation. He said coal was being supplied to power stations through railway rakes and road transport. Reddy made the remarks on Monday on the sidelines of the Assocham-organised Angul Aluminium Roadshow in Kolkata. His comments came amid reports of alleged supply constraints at some power plants, although he said the temporary interruptions should not be interpreted as a broader shortage. ..

Next Story
Infrastructure Energy

Bondada Engineering Secures Rs. 1.47 bn in Multiple Orders

Bondada Engineering has secured multiple domestic orders with an aggregate value of Rs. 1.47 bn, the company disclosed in a filing with BSE on September 29, 2026. The orders cover telecom infrastructure, renewable energy and energy-efficient lighting solutions, and are inclusive of taxes. Bondada Green Engineering, a subsidiary of Bondada Engineering, received an order for the supply of 200 telecom towers under the BSNL 40GBT project in Gujarat. The award forms part of the company’s telecom infrastructure business and is linked to requirements in the state. Bondada Renewable Energy, another ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code