Mumbai region real estate recorded a 17 per cent rise in registration of luxury homes priced over Rs 5 crore to Rs 17,600 crore during the July-September period–the second quarter of the current fiscal year (Q2 FY26) as compared to the last quarter. In the April- June quarter, the city recorded a registration of 1,494 homes worth Rs 15,023 crore.

Meanwhile, during the first half of the current fiscal year–April–September– the region recorded 3,145 luxury property registrations totalling Rs 32,623 crore, according to Proptech firm Lighthouse Luxury and property registration intelligence platform Zapkey's latest report.  

Meanwhile, the average home price rose Rs 60 lakh to Rs 10.7 crore from Rs 10.1 crore in the first half (H1 FY27).

Mumbai’s Real Estate Market Rose In H1 FY27

According to the report, in the first half of the financial year 2027, the luxury residential market in the Mumbai region gained momentum. On average, more than 17 homes priced at Rs 5 crore or more were sold per day.

In the first half of this financial year, 29 homes were sold for Rs 50 crore or more, with a total value of Rs 2,536 crore, the report said. The number of deals above Rs 50 crore more than doubled from nine in the April-June quarter to 20 in the September quarter.

Also read: Diwali Bonanza: MCD Raises Minimum Salary To Rs 18,000 For 4,000 Employees; Will They Get DA Benefits?

Which Mumbai Area Had More Luxury Deals

In Worli, 275 deals worth a total of Rs. 5,558 crore were registered with an average value of Rs. 20.2 crore, representing 17 per cent of the total luxury value. 

Meanwhile, deals in Andheri West and Versova doubled in value from the first quarter to the second quarter, while Tardeo saw a 125 per cent increase in value, the report said.

Sumesh Mishra, Founder, Lighthouse PropTech said, “Mumbai's luxury market gathered pace through the half, and confidence at the very top is back, with deals above Rs 50 crore more than doubling."

According to Akhil Saraf, founder and CEO of proptech firm Railways, the demand for luxury homes has been driven primarily by the improvement in infrastructure across the Mumbai metropolitan area over the past few years.

“The price appreciation is also attracting investors in the luxury housing market,” he added. 

(Disclaimer: This story has been written with inputs from PTI)