July 24, 2025: Mumbai’s luxury real estate sector is currently at a critical turning point, with record-breaking sales in the first half of 2025 signalling a continued appetite for ultra-premium homes. High-end micro-markets such as Worli, Prabhadevi, Tardeo, Malabar Hill, and Bandra West have emerged as key drivers of this trend, bolstered by improved infrastructure and a wave of sophisticated new project launches.
The surge in demand reflects India’s expanding base of high-net-worth individuals. According to the UBS Billionaire Ambitions Report 2024, India is now home to 185 billionaires—more than twice the number recorded a decade ago. The report also reveals that the combined wealth of Indian billionaires has soared by 263%, reaching an estimated US905.6 billion dollar. This wealth creation is directly fuelling interest in spacious, design-led, and centrally located luxury residences.
However, industry experts note that the outlook for the latter half of 2025 is expected to be more tempered. Ongoing global headwinds—ranging from geopolitical tensions and trade-related uncertainties to subdued equity markets—are likely to influence purchasing sentiment. While overall confidence in the Indian luxury housing market remains intact, buyers may become more discerning in terms of location, developer credibility, and value offerings.
Despite these cautionary signals, the luxury real estate segment in Mumbai continues to demonstrate resilience. Analysts believe that the city’s evolving skyline, coupled with rising demand for bespoke, amenity-rich residences, will help sustain momentum—albeit at a more measured pace in the coming months.
Source: Realty Plus
