Mumbai luxury homes sales hit record Rs 18,512 crore in H1 2026, growth may moderate

Mumbai's luxury housing market has reached an unprecedented high, recording its highest-ever half-yearly sales value of Rs 18,512 crore in the first half of 2026. This surge reflects strong investor confidence and increased purchasing power among high-net-worth individuals, according to a joint report by India Sotheby's International Realty and CRE Matrix.

Despite the record performance, the report cautions that the rapid pace of growth is likely to moderate in the coming quarters. This moderation is attributed to the exceptionally high base set in the first half of the year and a more cautious outlook for the economy and equity markets. "While this robust growth signals economic optimism and confidence in the Indian economy, the current sales velocity may not sustain at the same pace in the coming quarters," the report stated.

“

While this robust growth signals economic optimism and confidence in the Indian economy, the current sales velocity may not sustain at the same pace in the coming quarters, given the exceptional base set in H1 2026, and a more cautious growth and equity market outlook.

In terms of volume, the market saw 957 luxury homes sold in H1 2026, marking a 26% increase from the same period in 2025 and a substantial 71% rise compared to H1 2023. Over the past 12 months, approximately 1,700 luxury homes were sold, representing the highest annual volume recorded in this segment. The demand for premium residential properties remains robust.

The report also highlighted a significant increase in the Rs 20-40 crore price bracket, where sales more than doubled from 66 units in H1 2023 to 156 units in H1 2026. The ultra-luxury segment, priced above Rs 40 crore, recorded 41 transactions during the same period. Worli emerged as the top micro-market, with transaction values soaring by 79% year-on-year to Rs 4,493 crore, driven by new luxury developments.

“

The first half of 2026 signals Mumbai's luxury housing market as one of India's most resilient... With momentum sustained, India's financial capital is positioned for continued, cautious, end-user driven growth.