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2 clusters · 3 sources · 27 days · First seen · Last updated

Mumbai residential real estate market trends

Overview

The Mumbai real estate market has shown significant momentum, characterized by high registration volumes and a growing demand for premium housing. In September, property registrations reached 12,622 units, marking a 14-year high for that month. This activity was bolstered by the Ganesh Chaturthi festival, which saw a 22 per cent increase in registrations compared to the previous year.

By the first half of FY27, the luxury residential segment experienced a surge, with 3,145 luxury property registrations totaling ₹32,623 crore between April and September 2026. Data indicates an average of more than 17 homes priced at ₹5 crore or more were sold daily. Growth accelerated in the second quarter, where ultra-luxury deals—defined as properties priced at ₹50 crore or more—more than doubled compared to the first quarter. Worli was identified as a leading area for luxury value, accounting for approximately 17 per cent of all deals.

Entities

Mumbai · Worli · Godrej Properties · Knight Frank India · Shishir Baijal

Timeline

  1. [BUSINESS] 3 sources
    Mumbai luxury housing market sees significant growth in H1 FY27

    Mumbai's luxury real estate market recorded ₹32,623 crore in transactions during H1 FY27, driven by high-value deals in areas like Worli, despite broader national concerns regarding housing affordability.

  2. [BUSINESS] 2 sources
    Mumbai property registrations hit 14-year high for September

    Mumbai's property registrations hit a 14-year high for September, driven by strong festive demand and a growing preference for premium housing and well-connected locations.

Sources

newsable.asianetnews.com · torbitconsulting.com · tradebrains.in