Mumbai’s ₹10 Cr+ Homes Hit Record-Breaking ₹14,750 Cr in H1 2025

Mumbai’s ₹10 Cr+ Homes Hit Record-Breaking ₹14,750 Cr in H1 2025

Mumbai’s ultra-luxury property market has just shattered previous records. In the first half (H1) of 2025, homes priced at ₹10 crore and above recorded cumulative sales of ₹14,750 crore, marking the highest-ever half-yearly tally for this segment—surpassing the ₹12,300 crore from H1 2024, and up an impressive 11% year-on-year.

Micro-Markets Leading the Surge

• Worli continues to dominate, contributing 22% of primary-market sales value.

• Bandra West witnessed a striking 192% growth, while Tardeo saw a whopping 254% surge.

•  Other prominent areas climbing in popularity include Prabhadevi, Malabar Hill, and Goregaon East (with 7% of high-end buyers relocating from outside South Mumbai).

Buyer Trends & Key Segments

• 45–65‑year-olds remain the biggest buyer demographic; buyers over 65 now make up 15% of transactions.

• Mid-sized apartments (2,000–4,000 sq ft) dominated the primary market, accounting for 70% of sales.

• The ₹20–40 cr segment skyrocketed, nearly tripling in unit sales compared to H1 2022.

Market Composition: Primary vs. Secondary

• Primary market drove 75% of the sales volume—high demand for new premium launches.

• Secondary market transactions also hit a 5‑year high, contributing ₹3,750 crore.

Mega Deals That Made Headlines

Some eye-popping transactions from H1 2025 include:

• ₹639 cr – Leena Gandhi Tewari’s duplex at Naman Xana, Worli

• ₹225.8 cr – Shaula Real Estate (Godrej subsidiary) also at Naman Xana

• ₹201.6 cr – AEX Real Estate’s unit at Oberoi 360 West

• ₹185 cr – Seema Singh’s purchase at Lodha Sea Face

• ₹155 cr – Apco Infratech at The Legend, Bandra West

What’s Fueling This Boom?

• Expanding wealth base: India now has 185 billionaires—over double from a decade ago—with combined fortunes reaching US $905.6 billion according to UBS.

• Infrastructure & new launches: Prime locales continue to benefit from enhanced connectivity and premium residential projects.

• Lifestyle upgrade mindset: Nearly 24% of high‑end buyers are migrating to South Mumbai’s core locales, with Goregaon East, in particular, supplying a wave of new buyers.

Future Outlook

While H2 2025 is expected to slow slightly—due to global uncertainties, evolving tariff landscapes, and cautious equity markets—the long‑term trajectory remains positive. Supply‑side momentum, entrenched demand, and an expanding ultra‑HNI base are set to sustain growth, albeit in a more selective market.

Noteworthy upcoming projects include:

• The West Park, Andheri West

• Prestige Nautilus, Worli

• Rustomjee Crescent, Bandra West

• Sunteck Nepean Sea, Nepean Sea Road.

Final Take

Mumbai’s luxury real estate is not just recovering—it’s redefining new high-water marks. With an overflow of cash among ultra-HNIs, coupled with premium infrastructure and aspirational buyers, the ₹10 cr+ segment has become Mumbai’s most resilient and desirable real estate market.

If you’re considering investing or upgrading into the ultra-luxury bracket, H2 2025’s selective trends could present opportunity—but diligence is key. Keep an eye on upcoming projects, evolving buyer demographics, and global macro trends.