Mumbai's luxury home sales has reached a historic milestone, recording its highest-ever half-yearly transaction value of Rs 18,512 crore in the first half of calendar year 2026 (H1 CY '26). Homes priced at Rs 10 crore and above witnessed robust demand across both the primary and secondary markets, underlining the resilience of India's financial capital as the preferred destination for high-net-worth homebuyers and investors.

Key Highlights

• Mumbai's luxury housing segment above Rs 10 crore recorded highest-ever half-yearly sales of Rs 18,512 crore in H1 CY26.
• India Sotheby's International Realty and CRE Matrix report highlights strong momentum in Mumbai's ultra-luxury residential real estate market.

According to the latest Mumbai Luxury Housing Report - H1 CY'26, jointly released by India Sotheby's International Realty (India SIR) and CRE Matrix, the luxury housing market registered a 12% year-on-year increase in transaction value, rising from Rs 16,518 crore in H1 CY'25 to Rs 18,512 crore in H1 CY'26. The market also recorded 957 luxury home transactions, representing a 26% increase over the corresponding period last year, reflecting sustained demand for premium residential properties.

The report highlights that Mumbai's luxury housing segment has nearly doubled in size over the past five years. During the last one year, approximately 1,699 luxury homes were sold, the highest ever recorded over any 12-month period, with combined transaction value touching nearly Rs 34,000 crore.

After rising 37% between CY '21 and CY'25, Mumbai's luxury home prices for units priced at Rs 10 crore and above have eased about 4% in CY '26 YTD, reflecting cautious pricing by developers.

One of the strongest growth drivers has been the Rs 2040 crore price segment, where sales have more than doubled over the past three years, increasing from 66 units in H1 CY'23 to 156 units in H1 CY'26.

The 2,000–4,000 sq. ft. segment remained the sweet spot for luxury buyers, contributing 58% of primary market sales. 19% of luxury homebuyers in Mumbai's top 10 micro-markets are upgrading from locations beyond South Mumbai, highlighting sustained aspirational demand as wealth grows.

Worli Emerges as Mumbai's Hottest Luxury Address

Geographically, demand remained concentrated in Mumbai's established luxury micro-markets. The top 10 localities contributed nearly 80% of the city's total primary luxury housing sales value. Worli emerged as the standout performer, recording transaction value of Rs 4,493 crore, up 79% year-on-year, while unit sales surged nearly five-fold from 35 units in H1 CY'25 to 159 units in H1 CY'26, making it Mumbai's most active luxury residential market. Lower Parel also emerged as one of the fastest-growing luxury destinations, registering a 79% increase in transaction value.

The buyer profile also continues to evolve. Homebuyers aged 35 to 55 years accounted for 58% of luxury home purchases during H1 CY'26, while buyers aged above 65 years contributed 12% of transactions, highlighting the increasing participation of affluent end-users and wealth creators across age groups.

Also Read: Housing Sales Value Surges 11% in H1 2026: Nuvama Report

Sudershan Sharma, Executive Director, India Sotheby's International Realty noted, “The first half of 2026 signals Mumbai's luxury housing market as one of India's most resilient with sales of homes priced above Rs 10 crore nearly doubling and crossing Rs 18,500 crore, the highest half-yearly transaction value on record. Established micro-markets like Worli, Tardeo, Lower Parel and Bandra West continue to lead, backed by improving infrastructure and quality launches, with Worli emerging as the standout, cementing its status as Mumbai's most coveted address.

He added, "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.”

Commenting on the findings, Abhishek Kiran Gupta, Co-founder & CEO, CRE Matrix said, “Mumbai's luxury real estate market reached a new benchmark in H1 CY'26, recording Rs 18,512 Cr. in sales. Combined with H2 CY'25, total transaction value over the trailing 12 months approximately reached Rs 34,000 Cr. - an all-time high. This period also saw 1,700 luxury units sold, the strongest 12-month performance on record. The sustained momentum, particularly within the Rs 20-40 Cr. segment, reflects a high-end buyer who remains engaged and confident - but increasingly deliberate in where that confidence is placed.”

The report concludes that despite the exceptional performance recorded in H1 CY '26, future growth is likely to be more measured as the market normalizes after an exceptionally strong base. Nevertheless, strong demand fundamentals, improving infrastructure, expanding wealth creation, and sustained interest from high-net-worth individuals are expected to keep Mumbai's luxury residential market on a steady footing.