CRE Matrix & India Sotheby’s International Realty Presents Luxury Housing Report H1 CY'24 – Mumbai

CRE Matrix and Sotheby’s present the Luxury Housing Report for H1 CY’24, revealing unprecedented growth in Mumbai's luxury home market. The city’s primary and secondary luxury home segments reached a record ₹12,300 Cr. in sales, with the secondary segment alone seeing a 37% year-on-year increase to over ₹3,500 Cr. The top 10 localities contributed 80% of these sales, with Worli leading at 31%. Over the 12-month period from H2 CY'23 to H1 CY'24, 1,040 luxury units were sold, marking a historic peak. Notably, 53% of buyers in the >₹10 Cr. segment are aged between 35 and 55.