Mumbai’s luxury residential market has reached a new top. Homes priced above Rs 10 crore in Mumbai recorded sales of Rs 14,750 crore in the first half of 2025. It marks the best ever half yearly sales.
According to a report released by India Sotheby’s International Realty and facts analytics organization CRE Matrix, total sales for luxurious homes in past year from July 2024 to June 2025 stood at an Rs 28,750 crore. A record of 1,335 luxury homes sold throughout primary and secondary markets make it best year stretch ever recorded in Mumbai’s luxury property space.
Mumbai Real estate demand grow by wealth and quality supply
The reports highlights an 11% growth in sales as compared to the same duration last year, whilst figures touched Rs 12,300 crore. Much of this growth driven through increasing wealth, a confident investment weather, and growing demand from high-net-worth people.
Sudershan Sharma, government director at India Sotheby’s International Realty, said the market was getting into a pivotal second. “Record sales in H1 2025 signal sustained urge for food for premium homes, especially in areas like Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West. This surge is supported by better infrastructure and a wave of new launches,” he said.
Biggest gains in market
The record also found that the primary market accounted for almost 75% of all luxurious home sales, whilst the secondary (resale) market contributed Rs 3,750 crore. Among the town’s micro-markets, Worli retained its top spot, contributing 22% of the overall sales. Bandra West and Tardeo in Mumbai also confirmed strong growth, with sales growing by 192% and 254% respectively.
Apartments between 2,000 and 4,000 square feet were the most famous, making up 70% of primary sales. Homes priced between Rs 10 crore and Rs 20 crore become most active section, contributing among 60 and 75% of total sales.
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