Mumbai's real estate market in 2025 saw the biggest jump in the sale of homes priced above Rs 40 crore. According to a new report by India Sotheby's International Realty, the sale of homes priced above Rs 40 crore has tripled from 17 units in the first half of 2022 to 53 units in the first half of 2024.
Primary & Secondary Sales
During this period, Mumbai recorded sales of Rs 14,750 crore from primary and secondary sales of homes priced above Rs 10 crore. This represents a year-on-year growth of 11 per cent compared to sales of Rs 12,300 crore in the first half of last year.
Luxury Home Sale
The report said sales of luxury homes in the first half of 2025 grew 11 per cent compared to the same period last year (2024), and sales of homes in the Rs 20-40 crore range grew 138 per cent compared to the first half of 2022.
Square Feet India
A real estate news website, Square Feet India, posted on X(Formerly Twitter), about the sales boom of Mumbai’s Rs 10 Cr+ luxury homes.
The primary market accounted for nearly 75 per cent of the sales volume while the secondary market contributed Rs 3,750 crore. Both markets were at their highest levels in the last five years. Worli maintained its lead as the most preferred luxury destination with a 22 per cent share of primary sales value.
Other Fast-Growing Markets
Other fast-growing micro-markets included Bandra West, which saw a whopping 192 per cent growth. Tardeo saw a massive 254 per cent growth, along with Prabhadevi and Malabar Hill. Apartments in the 2,000-4,000 sq ft segment dominated the Mumbai real estate market during this period, accounting for 70 per cent of primary sales.
