Mumbai Among World’s Top Prime Residential Markets, 2%–3.9% Growth in H1 2025

Mumbai, August 26, 2025: Mumbai has emerged as a key benchmark for India in the global prime residential landscape. According to the Savills ‘World Cities Prime Residential Index – H1 2025’ report, the city recorded capital value growth of 2-3.9 per cent in the first half of 2025, underscoring its resilience and appeal to high-net-worth buyers. The performance marks Mumbai’s status as a leading prime residential destination, comparable with other world-class luxury property markets.

The report notes that Mumbai’s prime residential market is benefiting from steady demand by both domestic and international buyers. Despite subdued trends in several major cities, Mumbai has maintained not only positive capital value momentum but also a healthy uptick in premium rental demand, thanks to the dynamic activity among affluent Indians and returning NRIs.

Savills identifies Mumbai as one of just a handful of Asian cities with sustained, broad-based demand and able to absorb new supply even as macroeconomic uncertainty weighs on the global sector.

India remains competitive on the international stage with moderate additional costs for buying, holding and selling residential property. Typical mortgage deposits for NRIs are between 15–25 per cent, ensuring accessibility for a wider band of prime buyers compared to many Western and Asian markets with higher costs.

“Mumbai’s rise in the Savills World Cities Prime Residential Index shows its growing importance in the global luxury market. The city continues to attract strong premium demand despite limited supply, reflecting both economic strength and rising wealth,” says Arvind Nandan, MD, Research and Consulting, Savills India.

“In H1 2025, we saw significant traction in larger homes such as bungalows and prime residences with demand led by professionals in sectors like pharma, media and entertainment. With major infrastructure projects underway and limited new supply, we expect prices to see steady growth and Mumbai to gain even more global recognition.”

Looking ahead, Savills forecasts that Mumbai’s prime capital values are set to remain on an upward trajectory through the remainder of 2025, strengthening investor confidence and distinguishing the city on the global map.

Market insights reveal that the rental market too displayed marked buoyancy. Demand surged from corporates, entrepreneurs and consulates with redevelopment activity across the city pushing rental values upward. Consistent demand from corporate occupiers and diplomatic missions is expected to persist with rents projected to rise by up to two per cent over the next six months.