Across the country, 51 ultra-luxury residential properties were sold during the year. Mumbai alone accounted for 35 of these deals, with a cumulative transaction value of ₹5,128.12 crore, reinforcing its long-standing dominance in the top-end housing segment. Delhi-NCR ranked a distant second, recording 12 high-value bungalow transactions, largely concentrated in the elite Lutyens’ Zone.
The buying activity was driven primarily by billionaires, industrialists and high-net-worth individuals, who increasingly view luxury housing as both a lifestyle choice and a stable investment. In Mumbai, buyers showed a strong preference for premium apartments in high-rise developments offering panoramic views and high-end amenities. In contrast, Delhi-NCR buyers gravitated towards independent bungalows in sought-after addresses such as APJ Abdul Kalam Road and Golf Links.
Market data points to a resilient, though uneven, trajectory over the past three years. In 2023, a total of 79 ultra-luxury homes were sold for ₹7,178.78 crore. Sales slowed in 2024, with 31 transactions valued at ₹4,056.76 crore, before recovering in 2025 with 51 deals. Of these, nine properties across cities were sold for more than ₹200 crore each, while 30 transactions crossed the ₹100 crore threshold. Gurugram recorded a single ₹114 crore sale, while Bengaluru saw three luxury homes change hands for a combined ₹350 crore.
Mumbai’s continued leadership is attributed to its role as India’s financial capital, severe land constraints in prime locations and the availability of globally benchmarked residential projects. Neighbourhoods such as Worli, Juhu and Malabar Hill remained top choices for affluent buyers. Worli alone accounted for 21 of the 51 ultra-luxury homes sold nationwide during the year.
Among individual developments, Oberoi 360 West in Worli emerged as the most active project, recording eight transactions—the highest for any single residential project in 2025.
Industry experts say demand in the ultra-luxury segment is being sustained by post-pandemic confidence, rising personal wealth and a growing appetite for homes offering exclusivity, security and world-class amenities. With limited supply in prime urban pockets, prices in this segment are expected to remain firm, further cementing Mumbai’s status as the most sought-after address for India’s super-rich.
