Mumbai's real estate market has been the talk of the town this year. In the first half of 2025, the sales of homes priced over 400 million INR saw the most significant rise. According to a new report by India Sotheby’s International Realty, sales of homes over 400 million INR soared from 17 units in the first half of 2022 to 53 units in the first half of 2024, marking a threefold increase.
During this period, sales from primary and secondary markets of homes priced over 100 million INR in Mumbai registered a whopping 14,750 million INR. This indicates an 11% year-on-year increase compared to 12,300 million INR sales in the first half of last year (H1 CY24).
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The report highlighted that luxury home sales in the first half of 2025 climbed by 11% compared to the same period last year (2024), and sales of homes in the 200-400 million INR range jumped by 138% from the first half of 2022.
The primary market accounted for nearly 75% of sales volume, while the secondary market contributed 3,750 million INR. Both markets were at their highest levels in the past five years. Worli maintained its edge as the most preferred luxury destination, holding 22% of the primary sales value. Other rapidly growing micro-markets included Bandra West, which observed a spectacular 192% growth, Tardeo with an astounding 254% surge, along with Prabhadevi and Malabar Hill. Meanwhile, apartments spanning 2,000-4,000 square feet dominated Mumbai’s real estate market, accounting for 70% of primary sales.
