Mumbai, Oct. 29 -- Mumbai's luxury residential market recorded an average of more than 17 home sales priced at Rs. 50 mn and above each day during the first half of FY27, according to a report released by Lighthouse Luxury and Zapkey. The report covered the period from April to September 2026.
The market registered 3,145 luxury properties worth Rs. 326.23 bn during the six-month period. The second quarter outperformed the first, with registrations increasing 10.5 per cent to 1,651 and transaction value rising 17.1 per cent to Rs. 176 bn, equivalent to Rs. 1.91 bn a day. The average ticket size increased 6 per cent to Rs. 107 mn.
July was the strongest month, recording 618 home sales worth Rs. 66.69 bn. Ultra-luxury transactions more than doubled, with 29 homes sold for Rs. 500 mn or more at a combined value of Rs. 25.36 bn. Such deals increased from nine in the first quarter to 20 in the second quarter, while September alone recorded nine transactions.
Worli remained Mumbai's leading luxury micro-market, with 275 deals worth Rs. 55.58 bn and an average value of Rs. 202 mn per home. The area accounted for about 17 per cent of total luxury transaction value. Andheri West and Versova doubled their quarterly transaction value, while Tardeo recorded 125 per cent growth. Godrej Trilogy Seafront in Worli led individual projects with sales worth Rs. 11.99 bn, while three homes at NamanXana achieved a combined Rs. 4.56 bn.
Godrej Properties topped the developer rankings with sales worth Rs. 23.6 bn across 207 homes, followed by Oberoi Realty at Rs. 18.18 bn and Lodha Developers at Rs. 17.41 bn. In the rental segment, eight homes were leased for Rs. 2 mn or more per month between June and September, with companies accounting for seven leases. The highest monthly rent was Rs. 2.85 mn at Oberoi 360 West, translating to Rs. 34.2 mn annually.
Published by HT Digital Content Services with permission from Construction World.