January 5, 2026: India’s super-rich made 2025 a landmark year for ultra-luxury residential real estate, spending over Rs 7,100 crore on 51 high-end homes across the country, according to data compiled by Zapkey. Leading the charge was Mumbai, which reinforced its status as India’s premier luxury property hub with 35 transactions valued at nearly Rs 5,100 crore. Delhi NCR followed at a distant second with 12 marquee deals.
A defining highlight of the year was pharmaceutical major USV chairperson Leena Gandhi Tewari’s record-breaking Rs 739 crore purchase in Mumbai’s Worli— the single largest residential transaction ever recorded in India. Market observers say the deal reflects a growing inflow of pharmaceutical wealth into real estate, a trend expected to continue into 2026, particularly if IPO-led wealth creation remains strong.
Zapkey data shows that 2025 witnessed the highest-ever number of super-luxury transactions, with nine deals exceeding Rs 200 crore, indicating a sharp reset in price benchmarks. The Rs 100-crore-plus segment also expanded rapidly, with 30 transactions crossing this threshold—another all-time high.
Mumbai and Delhi NCR showcased contrasting luxury preferences. While Mumbai buyers favoured vertical living in premium high-rises, especially in Worli—which alone accounted for 21 top deals—Delhi’s luxury market remained focused on expansive bungalows in Lutyens’ Delhi, including APJ Abdul Kalam Road and Golf Links. Over Rs 1,500 crore was spent on such independent homes in the capital region.
Tewari’s Worli acquisition involved two sea-facing duplex apartments spanning over 22,500 sq ft at Naman Xana, priced at more than Rs 2.83 lakh per sq ft. Brokers say this set a new national benchmark, driven by the scarcity of ready-to-move, sea-view residences. As experts noted, “Buyers at this level are not speculators—they are looking for long-term, high-quality residences for personal use and are willing to pay top dollar for the right property.”
The year also saw major transactions by Uday Kotak’s family in Worli and Lakshmi Mittal-linked entities in Delhi NCR. Looking ahead, Zapkey co-founder Sandeep Reddy believes ultra-luxury momentum will remain strong in 2026, supported by sustained wealth creation and limited supply of trophy assets.
Source: Hindustan Times
