Mumbai Luxury Housing Market Achieves Record Half-Yearly Sales of Rs 18,512 Crore in H1 2026: Report
Mumbai, July 30, 2026: Mumbai’s luxury residential real estate market has reached a historic milestone, recording its highest-ever half-yearly transaction value of Rs 18,512 crore in the first half of calendar year 2026.
According to the latest Mumbai Luxury Housing Report – H1 CY’26, jointly released by India Sotheby’s International Realty and CRE Matrix, homes priced at Rs 10 crore and above registered a 12% year-on-year increase in transaction value, rising from Rs 16,518 crore in H1 CY’25. A total of 957 luxury home transactions were completed during the six-month period, marking a 26% increase over the corresponding timeframe last year across both primary and secondary markets.
The findings reveal that Mumbai’s luxury housing segment has nearly doubled in size over the past five years. Across the trailing 12-month period, approximately 1,699 luxury units were sold with a combined transaction value touching nearly Rs 34,000 crore, representing the highest number of units and sales value ever recorded in any 12-month period. Demand surged particularly within the Rs 20–40 crore price segment, where sales more than doubled over the past three years from 66 units in H1 CY’23 to 156 units in H1 CY’26. Residences spanning 2,000 to 4,000 sq. ft. remained the preferred size configuration, contributing 58% of primary market sales.
Geography and buyer demographics both pointed to sustained structural demand across the city. The top 10 micro-markets accounted for nearly 80% of primary luxury sales value, with Worli leading as the standout performer by recording Rs 4,493 crore in transactions—a 79% year-on-year surge—as unit sales climbed nearly five-fold from 35 to 159 units. Lower Parel also recorded a 79% increase in transaction value, while Tardeo, Bandra West, and Prabhadevi maintained strong momentum. Furthermore, 19% of luxury buyers in the top 10 localities upgraded from areas beyond South Mumbai. Buyers aged 35 to 55 years made up 58% of all luxury purchases, while buyers over 65 years accounted for 12%.
On the pricing and resale fronts, the market showed signs of healthy consolidation. Following a 37% price appreciation between CY’21 and CY’25, average luxury prices eased roughly 4% in CY’26 to approximately Rs 72,270 per sq. ft., reflecting cautious pricing strategies by developers. Meanwhile, the secondary market hit a record Rs 4,840 crore in H1, maintaining its consistent 30% contribution to total luxury sales value observed since CY’21.
Evaluating the record-breaking figures, Sudershan Sharma, Executive Director at India Sotheby’s International Realty, highlighted the underlying market balance and long-term outlook.
“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,” said Sudershan Sharma, Executive Director, 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,” Sudershan Sharma added.
Echoing these sentiments, Abhishek Kiran Gupta, Co-founder & CEO of CRE Matrix, emphasized the confidence demonstrated by affluent buyers during this cycle.
“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,” said Abhishek Kiran Gupta, Co-founder & CEO, CRE Matrix.
“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,” Abhishek Kiran Gupta added.
