Mumbai, 3rd August 2026: Mumbai’s luxury housing market has recorded its strongest-ever half-year performance, with homes priced at ₹10 crore and above clocking sales worth ₹18,512 crore during the first six months of 2026. According to the latest Mumbai Luxury Housing Report (H1 CY’26) by India Sotheby’s International Realty and CRE Matrix, this is the highest half-yearly transaction value recorded in the city’s luxury residential market across both primary and secondary sales.
The report states that 957 luxury homes were sold between January and June 2026, marking a 26% year-on-year increase from 761 units in H1 2025. Compared to the first half of 2023, sales volumes have risen by 71%, highlighting sustained demand for premium residences in the country’s financial capital.
The primary market continued to dominate, while the secondary market also touched a record ₹4,840 crore in transaction value, accounting for nearly 30% of the luxury housing market. Overall, luxury housing sales have almost doubled since H1 2021, reflecting growing demand from affluent buyers.
Among price brackets, homes priced between ₹20 crore and ₹40 crore witnessed the fastest growth. Sales in this segment increased from 66 units in H1 2023 to 156 units in H1 2026, representing a 136% jump. The report attributes this to rising buyer appetite for premium residences and gradual price appreciation in the luxury segment. Homes priced above ₹40 crore also maintained healthy demand, with 41 units sold during the period.
Worli emerged as Mumbai’s most active luxury housing market, recording 159 primary sales during the six-month period—more than four times the 35 units sold during the same period last year. The locality also generated ₹4,493 crore in transaction value, a 79% year-on-year increase, driven by a steady pipeline of new luxury launches since 2023. Lower Parel also witnessed strong momentum, with transaction value rising 79% to ₹1,113 crore.
The report found that apartments measuring between 2,000 and 4,000 sq. ft. remained the preferred choice among buyers, accounting for 58% of primary luxury home sales. Meanwhile, homes larger than 4,000 sq. ft., although representing just 11% of units sold, contributed more than a quarter of the total transaction value, reflecting continued demand for ultra-spacious residences.
Commenting on the findings, Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, said Mumbai’s luxury housing market has reached a new benchmark, with nearly ₹34,000 crore worth of luxury transactions recorded over the last 12 months. He added that the sustained momentum in the ₹20–40 crore segment reflects a buyer who remains confident but is becoming increasingly selective about where to invest.
Sudershan Sharma, Executive Director at India Sotheby’s International Realty, said the first half of 2026 reaffirmed Mumbai as one of India’s most resilient luxury housing markets. He noted that established micro-markets such as Worli, Tardeo, Lower Parel and Bandra West continue to lead demand, supported by infrastructure improvements and quality project launches. He also said developers have largely avoided aggressive pricing, helping sustain long-term buyer confidence despite strong sales momentum.
The report notes that while H1 2026 has set a new benchmark for luxury housing sales, the exceptional performance may moderate in the coming quarters as the market adjusts to a higher base and a more cautious economic outlook. However, demand from high-net-worth buyers and confidence in Mumbai’s premium residential market are expected to remain strong.
