Mumbai luxury housing market sees surge in ultra-high-value sales and broader demand
Between April and September, Mumbai recorded over 3,100 luxury home transactions worth more than ₹5 crore, with ultra-luxury deals above ₹50 crore more than doubling.
A report by Lighthouse Luxury, using Zapkey registration data, shows Mumbai’s luxury residential market handled 3,145 transactions worth ₹32,623 crore from April to September 2026. Daily activity in the ₹5 crore-plus tier averaged more than 17 deals, and the sector’s total value grew 17.1% from the first to the second quarter, with the average price per unit climbing 6% to ₹10.7 crore. Ultra-luxury sales above ₹50 crore more than doubled, reaching 20 deals in the second quarter.
Worli led with 275 transactions worth ₹5,558 crore, but Andheri West, Versova and Tardeo each saw their transaction values double or more. Godrej Properties topped developer rankings with ₹2,360 crore in sales across 207 homes, and premium rentals above ₹20 lakh per month were secured mainly by corporate tenants.
Why it matters
The data highlights rapid growth and widening interest in Mumbai’s ultra-luxury real estate, signaling strong investor confidence and shifting market dynamics.
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