Sales of luxury homes in Mumbai hit record Rs 18,512 cr in Jan-Jun: Report

New Delhi, Jul 30 (PTI) Sales of luxury homes, each costing Rs 10 crore and above, in Mumbai rose 12 per cent to a record Rs 18,512 crore in the first half of this year on better volumes and price rise, according to a report.

Property consultant India Sotheby’s International Realty and real estate data analytics firm CRE Matrix on Thursday released a report on Mumbai luxury housing.

“Mumbai’s luxury residential real estate market has reached a historic milestone, recording its highest-ever half-yearly transaction value of Rs 18,512 crore in the first half of calendar year 2026,” the report said.

The city saw sales of Rs 16,518 crore in the corresponding period of 2025.

In terms of volumes, the sales increased to 957 units from 761 units.

Sudershan

Sharma, Executive Director, India Sotheby’s International Realty, noted that established micro-markets like Worli, Tardeo, Lower Parel and Bandra West continue to lead, backed by improving infrastructure and quality launches.

“Price growth has stayed rational, with developers mindful of overpricing. Secondary markets have moved in sync with primary sales, and with momentum sustained, India’s financial capital’s luxury segment is positioned for continued, cautious, end-user driven growth,” Sharma said.

Abhishek Kiran Gupta, Co-founder & CEO of CRE Matrix, said there is a sustained momentum in sales, particularly within the Rs 20-40 crore segment.

As per the report, the top 10 localities contributed nearly 80 per cent of the city’s total primary luxury housing sales value.

Worli recorded transaction value of Rs 4,493 crore, up 79 per cent year-on-year, while unit sales surged nearly fivefold to 159 units in January-June 2026 from 35 units in the year-ago period. PTI MJH MJH ANU ANU