Mumbai’s premium housing segment has achieved a new milestone, with homes priced at Rs 10 crore and above recording transactions worth Rs 18,512 crore during the first half of 2026. The figure marks the highest-ever half-yearly transaction value for the city’s luxury residential market, according to a report released by India Sotheby’s International Realty and CRE Matrix.
The report highlighted that Mumbai’s luxury housing segment witnessed a 12% year-on-year growth compared to the January-June period of 2025, when transaction value stood at Rs 16,518 crore. The performance in the first six months of 2026 represents a record achievement for the high-end residential market.
Along with growth in transaction value, the segment also saw a rise in the number of luxury homes sold. A total of 957 properties priced above Rs 10 crore were purchased between January and June 2026, compared with 761 units sold during the same period last year.
Demand continued to remain focused on Mumbai’s established luxury neighbourhoods, with the top 10 locations contributing nearly 80% of the overall primary luxury housing sales value during the period. These premium micro-markets continue to attract buyers due to their connectivity, lifestyle infrastructure and availability of high-quality residential developments.
Worli emerged as the leading contributor to luxury housing transactions, registering sales worth Rs 4,493 crore. The locality recorded a significant 79% increase in transaction value compared to the previous year. The number of luxury homes sold in Worli also increased substantially, rising to 159 units during the first half of 2026 from 35 units in the corresponding period of 2025.
Commenting on the market performance, Sudershan Sharma, Executive Director, India Sotheby’s International Realty, said established luxury destinations continue to drive demand.
“Established micro-markets like Worli, Tardeo, Lower Parel and Bandra West continue to lead, backed by improving infrastructure and quality launches. 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,” Sharma said.
The report also noted continued interest in higher-value properties, particularly within the Rs 20-40 crore category. Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, said there is sustained momentum in sales, especially in this premium segment.
With strong buyer interest, improved infrastructure and continued developer activity, Mumbai’s luxury housing market is expected to maintain steady growth, driven largely by end-users seeking premium residences in well-established locations.
Source: The Times of India
