Mumbai’s ₹5-crore-plus residential market recorded 3,145 registrations worth ₹32,623 crore during the first half of FY27, according to a new analysis by Lighthouse Luxury using registration intelligence from Zapkey.
The study covers the six months from April through September 2026 and was reported on 26 October. Across that period, the market averaged more than 17 registered luxury-home transactions and about ₹178 crore in value each day. These are report-derived registration figures for the defined ₹5-crore-plus segment; they are not a measure of all Mumbai housing sales.
Momentum increased in the July–September quarter. Q2 FY27 recorded 1,651 registrations worth ₹17,600 crore, compared with 1,494 registrations worth ₹15,023 crore in Q1. On that basis, transaction count rose roughly 10.5% quarter on quarter while aggregate value increased about 17.1%. The average ticket size moved from ₹10.1 crore to ₹10.7 crore, according to Business Standard’s account of the report.
₹5–10 crore homes supplied most transactions
The broadest luxury band remained the main volume driver. Homes priced from ₹5 crore to ₹10 crore accounted for 2,212 transactions worth ₹14,845 crore—about seven in ten registrations in the study. The ₹10–20 crore band recorded 703 homes valued at ₹9,399 crore.
At the upper end, 201 registrations in the ₹20–50 crore band totalled ₹5,842 crore. A further 29 homes priced at ₹50 crore or more changed hands for a combined ₹2,536 crore. Taken together, homes above ₹20 crore represented about 7% of transaction volume but 26% of value, illustrating how a small number of large deals can materially influence headline sales value.
The number of ₹50-crore-plus transactions increased from nine in Q1 to 20 in Q2. That sequential change is notable, but six months of data is not enough to guarantee a continuing trend.
Worli led, while other western and central suburbs gained
Worli was the largest micro-market in the report, with 275 transactions worth ₹5,558 crore and an average ticket size of ₹20.2 crore. Its share was about 17% of the region’s luxury transaction value.
The analysis also identified activity in Mahalaxmi, Andheri West and Versova, Bandra West, Malabar Hill, Juhu, Tardeo, Lower Parel, Prabhadevi and Goregaon East. The top ten micro-markets together accounted for 56% of value, based on Zapkey’s registration compilation.
For buyers and investors, the geographic spread matters more than the regional average alone. A ₹5-crore budget can correspond to very different home sizes, building ages and neighbourhood attributes. An average ticket for Worli cannot be used as a valuation benchmark for Andheri, Goregaon or another submarket without adjusting for carpet area, project quality, floor, view and transaction terms.
What the data means for Mumbai’s luxury market
The faster increase in value than in deal count during Q2 suggests that the mix shifted toward higher-value transactions, average prices increased, or both. The published summary does not isolate price appreciation for like-for-like properties, so the figures should not be read as a 17.1% quarterly rise in Mumbai luxury-home prices.
The report is based on registered deals, which is useful because it tracks completed registration events rather than launch announcements or broker enquiries. Registration data can still include primary and secondary transactions with different economics, and reported consideration may not capture every qualitative feature of a home.
Homebuyers should therefore use the findings as market context, then compare recent registrations in the specific building and locality. Investors should also factor in stamp duty, maintenance, vacancy risk, financing cost and resale depth rather than relying on regional transaction growth alone.
The H1 FY27 data shows substantial liquidity in Mumbai’s ₹5-crore-plus market and stronger Q2 transaction value. Whether that pace continues will depend on the next set of registrations, new supply and buyer response at prevailing prices.
Sources and verification
- Business Standard — first published 26 October 2026, 5:42 PM IST; last updated 5:44 PM IST.
- Hindustan Times — updated 26 October 2026, 6:38 PM IST.
- The Economic Times — last updated 26 October 2026, 8:08 PM IST.
- Underlying report: *The Luxury Real Estate Market Decoded — H1 FY26–27*, Lighthouse Luxury, powered by Zapkey. BrickBharat reviewed consistent figures across the cited coverage; the complete report methodology was not independently audited.
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