Overview
- The joint India Sotheby’s International Realty and CRE Matrix report, released Thursday, found Mumbai’s homes priced at Rs 10 crore and above posted a half-year record of Rs 18,512 crore, a 12% rise from H1 2025.
- Transaction volumes rose to 957 units from 761 a year earlier, showing that the value gain was driven by both higher prices and more sales rather than price moves alone.
- Demand is tightly concentrated: the top 10 localities accounted for nearly 80% of primary luxury-sales value, with Worli the single biggest contributor at Rs 4,493 crore and 159 units sold.
- Industry leaders said price growth has been rational and developer discipline has kept listings from overheating, while CRE Matrix flagged strong momentum in the Rs 20–40 crore bracket.
- The report suggests the market’s gains are end-user led, which could sustain measured growth in launches and secondary sales and keep developers focused on product quality and infrastructure gains.