1 month ago
Mumbai Home Market Hits Record Rs 18,512 Crore in H1
Mumbai’s luxury homes sold more than ever in the first half of 2026, reaching a record Rs 18,512 crore.
Homes priced over Rs 10 crore sold 957 units, up from 761 the year before.
Worli was the biggest area, with sales up 79%.
Most buyers liked homes between Rs 20 and 40 crore.
Prices grew steadily, and developers kept them reasonable, so the market is expected to keep growing carefully.
Mumbai's luxury residential sales reached Rs 18,512 crore in H1 2026, a record.
Sales volume of homes priced Rs 10 crore+ rose to 957 units, up from 761 in 2025.
Worli was the top locality, with Rs 4,493 crore in sales, a 79% YoY increase.
Demand strongest in Rs 20-40 crore price bracket, with 80% of sales in top 10 localities.
Price growth remained rational, with developers avoiding overpricing, per India Sotheby's exec.
- Who
- India Sotheby's International Realty and CRE Matrix
- What
- Record luxury home sales in Mumbai
- Where
- Mumbai, India
- When
- First half of 2026
- Why
- Sustained demand, improved infrastructure, and high-quality launches
Key facts
- Total sales value
- Rs 18,512 crore
- Year-over-year growth
- 12%
- Units sold (Rs 10 crore+)
- 957
- Top locality (Worli) sales value
- Rs 4,493 crore
- Top locality units sold
- 159
- Top 10 localities share of sales
- 80%
Quotes
Sudershan Sharma
Executive Director at India Sotheby’s International Realty
“"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,"”
financialexpress.com
Sources
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