Mumbai: India’s ultra-luxury real estate market is experiencing unprecedented growth, with 49 homes priced above ₹100 crore sold across Mumbai and Delhi NCR in the past three years. These high-value transactions have totalled a staggering ₹7,500 crore, with 2024 alone contributing ₹3,652 crore. The momentum remains strong in 2025, with four deals worth ₹850 crore recorded in just the first two months.
A key trend redefining luxury living is the shift towards premium high-rise apartments, which now account for 65% of ultra-luxury home sales. Traditionally dominated by sprawling independent bungalows, the market is evolving as buyers gravitate towards opulent sky-high residences that offer world-class amenities, top-tier security, and panoramic city views. According to Dr. Samantak Das, Chief Economist at JLL India, “Luxury living is being redefined, with opulent apartments offering resort-like amenities and unmatched privacy.”
Mumbai remains the epicentre of India’s ultra-luxury home sales, commanding 69% of all transactions in this segment. Malabar Hill and Worli continue to be the most sought-after addresses, while in Delhi NCR, beyond the prestigious Lutyens Bungalow Zone, high-rise apartments on Gurugram’s Golf Course Road have witnessed record-breaking deals.
“These exclusive properties attract India’s wealthiest individuals, including top business executives, startup founders, and film industry stalwarts,” noted Siva Krishnan, Senior Managing Director, JLL India. With India’s billionaire population on the rise and increasing demand for ultra-premium residences, the market is set to witness sustained high-value transactions.
As more developers enter the ultra-luxury space and high-net-worth individuals seek elite living spaces, Mumbai and Delhi NCR continue to solidify their status as India’s most exclusive and dynamic luxury housing hubs.
