Mumbai’s luxury housing sector continued to strengthen during the first half of financial year 2026–27, recording 3,145 home sales worth Rs 32,623 crore between April and September 2026. Worli emerged as the leading residential market by transaction volume, while several western and central Mumbai neighbourhoods also registered significant growth, according to Lighthouse Luxury’s The Luxury Real Estate Market Decoded report.
Of the total sales, 1,494 homes were registered in the first quarter, followed by 1,651 in the second quarter. The market averaged more than 17 luxury home transactions daily, reflecting sustained demand for premium residential properties.
Worli remained the most prominent micro-market, recording 275 transactions at an average price of Rs 20.2 crore per home. Mahalaxmi followed with 201 sales, while Andheri West and Versova together recorded 221 transactions at an average price of Rs 8.3 crore.
“The growth is also spreading: Worli remains the biggest market, but Andheri West and Versova, and Tardeo doubled in a single quarter. Mumbai’s luxury market now has more than one engine, and I expect the second half to build on the first,” Sumesh Mishra, founder of Lighthouse PropTech, said.
Ultra-luxury segment gains momentum
Demand for properties priced at Rs 50 crore and above increased considerably in the second quarter. Sales in this category rose from nine homes worth Rs 819 crore in Q1 to 20 homes valued at Rs 1,717 crore in Q2, indicating stronger activity at the highest end of the market.
The average price of a luxury home also increased from Rs 10.1 crore in the first quarter to Rs 10.7 crore in the second.
Homes priced between Rs 5 crore and Rs 10 crore accounted for 70.3% of transactions during the six-month period and contributed 45.5% of the total sales value. Properties in the Rs 10–20 crore bracket represented 22.4% of sales and 28.8% of the value.
Other areas showing notable activity included Tardeo, Bandra West, Malabar Hill, Juhu and Lower Parel, highlighting the expanding geographical spread of Mumbai’s luxury housing demand.
Source: Business Standard
