Sales of luxury homes worth Rs 10 crore and more in Mumbai surged by nearly 50% to Rs 11,400 crore during January-June 2023, along with an overall growth in the residential property market, according to a report by India Sotheby s International Realty and CRE Matrix. The report highlighted an 83% YoY jump in primary sales activity, with wealth creation in India increasing rapidly.
Sales of residential properties, priced above Rs 10 crore, in Mumbai's primary and resale market rose 49 per cent in value terms to Rs 11,400 crore during the January-June period on strong demand, according to India Sotheby's International Realty
The top luxury markets in Mumbai are Worli, Malabar Hill, Mumbai Central, Lower Parel, Prabhadevi, Bandra West, Tardeo, Mahalakshmi, Andheri West, and Santacruz West.