Mumbai luxury homes valued at Rs 17,600 crore were registered in the second quarter of fiscal 2026–27, up 17.1% from the previous quarter, as the number of high-end transactions also increased.

Key Takeaways

  • The region registered 3,145 homes priced at Rs 5 crore or more during April–September 2026, worth a combined Rs 32,623 crore.
  • Quarterly registrations rose 10.5% to 1,651 in July–September.
  • Deals worth at least Rs 50 crore increased to 20 in the second quarter from nine in the first.

Mumbai luxury homes sales gather pace

The first-half registrations averaged more than 17 homes worth Rs 178 crore a day, based on a report by Lighthouse Luxury and Zapkey. The second-quarter transaction value was equivalent to Rs 191 crore a day.

July was the strongest month of the six-month period, with 618 homes registered for a combined Rs 6,669 crore. The figures cover properties priced at Rs 5 crore and above.

Highest-priced deals more than double

Across the first half, 29 homes priced at Rs 50 crore or more sold for a combined Rs 2,536 crore. Nine of the second quarter’s 20 deals in that category were recorded in September.

Homes in the Rs 5 crore to Rs 10 crore band accounted for about seven in every 10 sales, while those above Rs 20 crore represented more than a quarter of total transaction value, said Lighthouse PropTech co-founder Murtuza Vapiwala.

Worli leads by transaction value

Worli remained the largest luxury housing market by value, with 275 deals worth Rs 5,558 crore. Its average transaction size was Rs 20.2 crore, and the locality accounted for about 17% of the region’s luxury housing sales value.

The region also recorded eight home leases at monthly rents of Rs 20 lakh or more between June and September; companies leased seven of them. The highest recorded rent was Rs 28.50 lakh a month in Worli.

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