Luxury home sales in Mumbai hit all time half-year high of Rs 18,512 crore: Report
Luxury homes priced at Rs 10 crore and above recorded 957 transactions worth Rs 18,512 crore in H1 CY2026, with Worli emerging as the top-performing micro-market and the Rs 20-40 crore segment witnessing the fastest growth.
Top 10 localities accounted for ₹27,220 crore or nearly 80% of Mumbai’s total primary sales value in luxury housing. (AI Image)
In a landmark development for India’s luxury residential market, Mumbai recorded the highest-ever first-half (January-June) transaction value of ₹18,512 crore in H1 CY ’26. Driving this growth is robust demand for homes valued ₹10 crore and above across primary and secondary markets, indicating steady demand for luxury homes from high-net-worth homebuyers and investors who continue to favour Mumbai – India’s financial capital.
The data is revealed in India Sotheby’s International Realty (India SIR) and CRE Matrix’s Mumbai Luxury Housing Report – H1 CY’26. The luxury housing market recorded a transaction value of ₹18,512 crore in H1 CY ’26, up by 12% over ₹16,518 crore achieved in H1 CY’25. The total number of transactions crossed the 900-mark with 957 luxury homes changing hands in H1 CY ’26, which is an increase of 26% over the same period last year.
The size of Mumbai’s luxury housing market has almost doubled in the last five years. Total luxury homes sales recorded at around 1,699 units in the last one year are the highest ever across any 12-month period. Transaction value of combined entries and exits in this segment touched ₹34,000 crore last year.
Mumbai Luxury Home Price Trends
After witnessing 37% price growth between CY ’21 and CY’25, prices for homes priced at ₹10 crore and above have softened by about 4% in CY ’26 YTD. This points towards developers pricing their projects cautiously in the current market conditions.
Sales growth has been one of the strongest in the ₹20–40 crore price segment, where unit sales have more than doubled over the last three years, increasing from 66 units in H1 CY’23 to 156 units in H1 CY’26.
2,000–4,000 sq. ft. continues to remain the sweet spot for luxury buyers, accounting for 58% of sales across primary market deliveries. Nearly 19% of Mumbai’s luxury homebuyers are coming from locations outside South Mumbai and upgrading to a new home in one of the top 10 micro-markets, underscoring aspirational demand which will continue to increase as India Inc.’s wealth expands.
Luxury Homes by Locations in Mumbai
Demand continued to be concentrated in premium micro-markets within Mumbai. Top 10 localities accounted for ₹27,220 crore or nearly 80% of Mumbai’s total primary sales value in luxury housing. Worli led the way in terms of sales activity, contributing transaction value of ₹4,493 crore, up 79% year-on-year. Unit sales increased nearly five-fold from 35 units in H1 CY’25 to 159 units in H1 CY’26, making it Mumbai’s busiest luxury residential market. Lower Parel was another one of the fastest-growing luxury neighborhoods, witnessing a 79% increase in transaction value.
Luxury Homebuyers by Age Group in Mumbai
Demographically too, the buyer profile is seeing a shift. Households in the age group of 35 to 55 years made up 58% of luxury homebuyers during H1 CY’26. Additionally, buyers aged above 65 years also contributed 12% of all luxury home sales, indicating greater participation from affluent end-users and wealth creators.
Sudershan Sharma, Executive Director, India Sotheby’s International Realty, noted: “The first half of 2026 signals Mumbai’s luxury housing market as one of India’s most resilient with sales of homes priced above ₹10 crore nearly doubling and crossing ₹18,500 crore, the highest half-yearly transaction value on record. Established micro-markets like Worli, Tardeo, Lower Parel and Bandra West continue to lead, backed by improving infrastructure and quality launches, with Worli emerging as the standout, cementing its status as Mumbai’s most coveted address.
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.”
Commenting on the findings, Abhishek Kiran Gupta, Co-founder & CEO, CRE Matrix, said: “Mumbai’s luxury real estate market reached a new benchmark in H1 CY’26, recording ₹18,512 Cr. in sales. Combined with H2 CY’25, total transaction value over the trailing 12 months approximately reached ₹34,000 Cr. — an all-time high. This period also saw ~1,700 luxury units sold, the strongest 12-month performance on record. The sustained momentum, particularly within the ₹20–40 Cr. segment, reflects a high-end buyer who remains engaged and confident — but increasingly deliberate in where that confidence is placed.”
The report concludes that despite the exceptional performance recorded in H1 CY ’26, future growth is likely to be more measured as the market normalises after an exceptionally strong base. Nevertheless, strong demand fundamentals, improving infrastructure, expanding wealth creation, and sustained interest from high-net-worth individuals are expected to keep Mumbai’s luxury residential market on a steady footing.
