MUMBAI— The Mumbai region’s luxury residential market gathered pace in the first half of FY27, registering an average of more than 17 homes priced at ₹5 Crore or more every day. According to the latest Half-Yearly Luxury Real Estate Report, The Luxury Real Estate Market Decoded, released by Lighthouse Luxury (a Lighthouse PropTech platform backed by Turbostart and top family offices) and powered by property registration intelligence platform Zapkey, the Mumbai region recorded 3,145 luxury property registrations totaling ₹32,623 Crore between April and September 2026.
Key Market Highlights from H1 FY27:
1. The second quarter outpaced the first: Registrations rose 10.5% to 1,651 and value rose 17.1% to ₹17,600 Crore, or ₹191 Crore a day. July was the best month of the half, with 618 homes worth ₹6,669 Crore.
2. Ultra-luxury deals more than doubled: 29 homes sold for ₹50 Crore or more, worth ₹2,536 Crore. These deals rose from 9 in Q1 to 20 in Q2, and September alone recorded 9, as many as the entire first quarter.
3. ₹152 Crore a home: Three homes at NamanXana sold for a combined ₹456 Crore, the highest average among the top 10 projects.
4. Worli stays on top: Worli recorded ₹5,558 Crore across 275 deals at an average of ₹20.2 Crore, about 17% of all luxury value.
5. New engines of growth: Andheri West & Versova doubled in value from Q1 to Q2 and Tardeo grew 125%. New launches from Sri Lotus Developers and Viceroy added more than half of Andheri West & Versova’s growth.
6. Godrej leads the developer charts: Godrej Properties topped with ₹2,360 Crore across 207 homes, followed by Oberoi Realty (₹1,818 Cr) and LodhaDevelopers (₹1,741 Cr). Godrej Trilogy Seafront, Worli was the top project at ₹1,199 Crore.
7. Corporate India rents at the top: Eight homes were leased for ₹20 Lakh a month or more between June and September 2026, seven of them by companies. The highest, ₹28.50 Lakh a month at Oberoi 360 West, Worli, comes to ₹3.42 Crore a year.
Q1 FY27 figures have been updated for registrations recorded since the July 2026 release.
Mr. 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 ₹50 Crore more than doubling. The growth is also spreading: Worli remains the biggest market, but Andheri West &Versova and Tardeo doubled in a single quarter. Mumbai’s luxury market now has more than one engine, and I expect the second half to build on the first.”
Mr. Murtuza Vapiwala, Co-Founder, Lighthouse PropTech said, “By combining AI analytics with registration intelligence, we give high-net-worth buyers and investors a clear view of what the market actually transacts at. This half shows a market that is both broad and deep: the ₹5 Cr to ₹10 Cr band accounts for seven in every ten sales, while homes above ₹20 Crore carry more than a quarter of the value.”
Mr. Sandeep Reddy, Co-Founder, Zapkey said, “The clearest view of Mumbai’s luxury market comes from its records. Every figure in this report is drawn from a sale or lease registered with the state, which makes it a dependable guide to where the market is heading. The records also show where demand is building. Ten micro-markets account for 56% of the value, and they grew 26% from the first quarter to the second, against 17% for the market as a whole.”
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