Ultra-rich splurge ₹7,186 cr on 51 homes in 2025; Mumbai dominates

Mumbai accounted for 35 of the 51 ultra-luxury home deals in 2025, cornering over ₹5,100 crore in value, as India's wealthy continued to back big-ticket residential assets

India’s ultra-wealthy spent over ₹7,186 crore buying just 51 luxury homes in 2025, highlighting the growing size and strength of the country’s ultra-luxury housing market.

 

According to an analysis by real estate data analytics firm Zapkey, Mumbai continued to dominate the ultra-luxury housing market, accounting for 35 of the 51 deals, with a total transaction value of around ₹5,128.12 crore.

 

Meanwhile, Delhi NCR held its ground with 12 high-value transactions primarily in the Lutyens zone. While Mumbai bought vertical palaces, Delhi spent over ₹1,594.11 crore, mostly on independent bungalows in areas like APJ Abdul Kalam Road and Golf Links. Gurugram and Bengaluru accounted for one and three deals, respectively. 

Within Mumbai, Worli emerged as the clear standout, accounting for 21 of the top 51 deals. The neighbourhood has steadily cemented its position as the preferred address for India’s billionaire class.

 

Of the top 51 transactions, nine crossed the ₹200 crore mark in 2025. As many as 30 residential deals exceeded ₹100 crore, reflecting sustained appetite among high-net-worth individuals for large, high-quality homes in prime locations.

 

Among individual projects, Oberoi 360 West in Worli recorded the highest number of ultra-luxury transactions, with eight deals featuring in Zapkey’s top list, the most for any single residential development in 2025.

 

In 2023, premium houses worth ₹7,178.78 crore were bought across 79 transactions, according to Zapkey. Meanwhile, in 2024, luxury houses worth ₹4,056.76 crore were sold across 31 deals.

 

Ultra-luxury housing is booming in India amid a rise in wealth, shifting buyer preferences for enhanced lifestyles, particularly post Covid-19, and investor confidence. Developers, too, are responding accordingly by creating differentiated offerings with enhanced amenities. Cities like Mumbai (specifically pockets like Worli, Juhu, and Malabar Hill) and Delhi-NCR (including Gurugram) are dominating the demand for these exclusive residences.