Sustained demand for high-end residential properties persists in the Mumbai luxury real estate market. Between April and September 2026, 3,145 houses valued at 5 crore rupees or more were registered. The total value of these transactions amounted to 32,623 crore rupees, indicating an average registration of over 17 luxury homes daily. This data points to strong demand for premium residential real estate in the country's financial capital, especially in the ultra-luxury segment.
According to the Lighthouse Luxury report, compiled using data from the Zapkey property registration platform, there was a further increase in elite housing purchases during the second quarter of the 2026-27 fiscal year. The number of transactions rose by 10.5% compared to the previous quarter, reaching 1,651. Meanwhile, the total value of these deals grew by 17.1%, totaling 17,600 crore rupees. The average price per transaction also increased by 6%, reaching 10.7 crore rupees.
Peak sales of luxury housing occurred in July
July proved to be the strongest month for the luxury real estate market between April and September. During this month, 618 houses were registered with a total value of 6,669 crore rupees, indicating continuous buyer interest in expensive residential properties.
Demand for homes over 50 crore rupees more than doubled
Purchasing activity was also high in Mumbai's ultra-luxury housing segment. Between April and September 2026, 290 transactions involving homes valued at 50 crore rupees or more were recorded, totaling 2,536 crore rupees. In the first quarter of this category, there were 900 transactions, while in the second quarter, this number increased to 20. Nine transactions involving homes valued at 50 crore rupees or more were registered in September, corresponding to the total number of first-quarter transactions.
The report shows that homes valued between 5 and 10 crore rupees accounted for about 70% of all elite housing transactions. Nevertheless, properties valued over 20 crore rupees contributed more than a quarter to the total transaction value, highlighting the significant role of clients purchasing expensive real estate.
Godrej Trilogy Seafront leads
Among Mumbai's elite residential projects, the Godrej Trilogy Seafront project in Versova emerged as a leader. Between April and September 2026, houses in this project were registered with a total value of 1,199 crore rupees. Godrej Properties ranked first among developers, securing 207 transactions totaling 2,360 crore rupees, followed by Oberoi Realty with transactions worth 1,818 crore rupees, and Lodha Developers registered transactions worth 1,741 crore rupees.
Highest demand for luxury housing in Versova
Versova remained the largest center in the Mumbai elite housing market, where 275 houses were registered between April and September with a total value of 5,558 crore rupees. The average transaction price in this area was 20.2 crore rupees. However, the demand for elite housing is no longer limited to Versova; in the second quarter, the total transaction value in Andheri West and Versova doubled compared to the first quarter, and Tardeo recorded a 125% quarterly growth.
The total volume of transactions in 10 key elite housing areas in Mumbai increased by 26% in the second quarter compared to the first quarter. This figure exceeds the overall growth of the elite real estate market at 17.1%, indicating the spread of demand for expensive homes to other parts of the city.
Activity in the Mumbai luxury rental market
Demand for expensive homes in Mumbai is not limited to purchasing; the luxury rental market also remains active. Between June and September 2026, 8 houses with a monthly rent of 20 lakh rupees or more were rented out in the city. Of these, 7 houses were leased by companies. Furthermore, one house in Oberoi 360 West in Versova was registered as the most expensive by monthly rent in the report, with a payment of 28.5 lakh rupees.
