Mumbai Luxury Real Estate Records ₹18,512 Crore Sales in H1 2026
Mumbai’s luxury housing market achieved its highest-ever half-year sales value in H1 2026, driven by rising demand for premium homes, strong buyer confidence, and steady activity across key locations.
- Luxury home sales worth ₹18,512 crore recorded in H1 2026.
- Worli leads Mumbai’s premium housing market with 79% growth.
- Buyers aged 35–55 accounted for the majority of luxury purchases.
Mumbai: Mumbai luxury real estate market posted its strongest first-half performance on record, with homes priced at ₹10 crore and above generating ₹18,512 crore in transaction value during H1 2026. According to a report released by India Sotheby’s International Realty and CRE Matrix, the market registered a 12% year-on-year increase in sales value, highlighting continued demand for premium residential properties in India’s financial capital.
The report shows that 957 luxury homes were sold across both primary and secondary markets during the first six months of 2026, representing a 26% increase in transaction volume compared to the same period last year. The growth reflects sustained interest from high-net-worth individuals despite moderation in price appreciation after several years of rapid growth.
Among Mumbai’s luxury residential destinations, Worli emerged as the best-performing micro-market. The locality recorded transactions worth ₹4,493 crore, marking a 79% year-on-year increase. Luxury home sales in Worli surged from 35 units in H1 2025 to 159 units in H1 2026, making it the city’s most active premium housing market. Lower Parel also witnessed a similar 79% rise in transaction value, while Tardeo, Bandra West and Prabhadevi continued to attract affluent buyers.
The report also found that the ₹20 crore to ₹40 crore price segment witnessed the highest demand. Apartments measuring 2,000 to 4,000 square feet remained the preferred choice, contributing nearly 58% of primary market sales. Nearly 19% of buyers upgraded from locations outside South Mumbai, indicating increasing demand for premium residences among wealthy homebuyers.
Commenting on the findings, Sudershan Sharma, Executive Director at India Sotheby’s International Realty, said Mumbai’s luxury housing segment continues to be one of India’s most resilient residential markets. He noted that record transaction values, balanced price growth, and strong end-user demand indicate a healthy market rather than speculative buying.
Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, said the market achieved another milestone in H1 2026, with luxury home sales touching ₹18,512 crore. He added that around 1,700 luxury homes were sold over the last 12 months, taking the total transaction value to approximately ₹34,000 crore, the highest ever recorded in a one-year period.
The report noted that luxury home prices had increased by nearly 37% between 2021 and 2025. However, prices have moderated by around 4% in 2026 so far, suggesting that the market is entering a phase of healthy consolidation. Experts believe this moderation is helping maintain affordability within the ultra-premium segment while supporting long-term demand.
The dominant buyer group remained individuals aged 35 to 55 years, accounting for 58% of all luxury home purchases. Buyers aged 65 years and above represented around 12% of total transactions, reflecting growing participation across different age groups.
Industry experts expect Mumbai’s luxury housing market to maintain steady growth over the coming months, although the pace may become more measured after the exceptional performance seen in recent years. Improving infrastructure, rising wealth creation, continued interest from high-net-worth individuals, and strong end-user demand are expected to support the city’s premium residential segment in the long term.
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