Mumbai Sees 1,499 Luxury Home Registrations Worth ₹14,903 Crore In Q1 FY27

Mumbai's luxury housing market has recorded a significant number of transactions in the first quarter of FY27, with 1,499 luxury homes priced at ₹5 crore and above being registered between April and June 2026. The total value of these transactions is ₹14,903 crore, according to a report by Lighthouse Luxury.

The report, which is based on verified Maharashtra stamp duty and property registration data, reveals that the luxury housing market in Mumbai has maintained a steady pace throughout the quarter. The market has recorded an average transaction value of about ₹164 crore every day, with nearly 16 luxury homes being sold per day.

April was the strongest month in the quarter, with 563 luxury property registrations valued at ₹5,726 crore. However, transaction volumes fell by 22.7% in May, with 435 registrations worth ₹4,492 crore. Despite this decline, the average ticket size remained at ₹10.3 crore.

The market recovered in June, with 501 luxury homes being registered, marking a 15% month-on-month increase. However, the aggregate value declined to ₹4,686 crore as the average ticket size fell to ₹9.4 crore. The report attributes this movement to stronger activity in the entry-level luxury segment, comprising properties priced between ₹5 crore and ₹10 crore.

Worli has continued to dominate Mumbai's luxury housing market in terms of transaction value, with 97 deals worth ₹2,272 crore and an average ticket size of ₹23.4 crore. Lower Parel ranked second, with 81 transactions worth ₹769 crore and an average ticket size of ₹9.5 crore. Bandra West followed with 54 deals aggregating ₹575 crore, with the average transaction valued at ₹10.6 crore.

Several suburban locations have also featured among the quarter's leading luxury markets. Goregaon East recorded 46 transactions worth ₹552 crore, while Andheri West registered 60 deals worth ₹425 crore. Vile Parle West saw 45 transactions valued at ₹413 crore, while Santacruz West recorded 44 deals worth ₹364 crore.

The data indicates that the luxury housing market is expanding beyond Mumbai's established premium markets, with redevelopment and improved connectivity contributing to demand in suburban locations. According to Sumesh Mishra, Founder of Lighthouse PropTech, Mumbai's luxury residential ecosystem continues to grow from strength to strength, with new launches by branded players witnessing great responses from buyers.

The strong momentum in suburban redevelopment is also driving the market, with high net worth individuals (HNIs) and ultra high net worth individuals (UHNIs) viewing premium real estate as a core wealth preservation strategy. The report suggests that the luxury housing market in Mumbai is likely to continue its growth trajectory, driven by demand from HNIs and UHNIs.

In conclusion, the luxury housing market in Mumbai has recorded a significant number of transactions in the first quarter of FY27, with 1,499 luxury homes being registered. The market is expected to continue its growth trajectory, driven by demand from HNIs and UHNIs, and the expansion of the market beyond established premium locations.

The growth of the luxury housing market in Mumbai is a significant indicator of the city's economic health and its attractiveness to high net worth individuals. As the market continues to grow, it is likely to have a positive impact on the city's economy and real estate sector as a whole.

The report by Lighthouse Luxury provides valuable insights into the luxury housing market in Mumbai, highlighting the trends and patterns that are driving the market. The data and analysis presented in the report are likely to be of interest to developers, investors, and buyers who are looking to invest in the luxury housing market in Mumbai.

Overall, the luxury housing market in Mumbai is a significant sector that is driving the city's economy and real estate sector. The growth of the market is likely to continue, driven by demand from HNIs and UHNIs, and the expansion of the market beyond established premium locations.