🏠 1. Median Luxury Price
- The median quoted price for a luxury home in Mumbai is around ₹9.66 crore — meaning half the luxury listings are priced above this and half below. This is nearly double the luxury median in Gurugram and much higher than other major Indian cities.
💎 2. Prices Per Square Foot (Indicative)
In 2025, luxury flat prices vary widely by area and location quality:
| Area / Micro-Market | Approx. Price per sq. ft (2025) |
|---|---|
| South Mumbai (Malabar Hill, Cuffe Parade, Marine Drive) | ₹1,20,000 – ₹1,80,000+ |
| Bandra, Juhu, Worli, Prabhadevi | ₹70,000 – ₹1,20,000 |
| Powai, Andheri, Chembur | ₹35,000 – ₹55,000 |
| Navi Mumbai & Thane (luxury segment) | ₹20,000 – ₹40,000 |
Ultra-prime sea-facing apartments in places like Malabar Hill and Marine Drive command especially high rates due to views and scarcity of land.
🌟 3. Ultra-Luxury & Trophy Homes
- In top localities such as Worli, some luxury apartments now are offered around ₹65,000 – ₹1,00,000 per sq. ft — comparable with global luxury hubs like parts of New York.
- Extremely exclusive and premium residences (like branded towers or custom penthouses) can reach many hundreds of crores in total price — rare but real deals have crossed ₹500 crore.
📈 4. Sales Trends & Demand
- Luxury residential sales (homes priced ₹10 crore+) continue strong, with the first half of 2025 seeing about ₹14,750 crore worth of transactions — a record figure.
- A significant share of luxury buyers are high-net-worth individuals or investors looking for premium lifestyle properties in central areas.
📊 Summary
- Median luxury home price: ~₹9.66 crore. (Business Standard)
- Price per sq. ft:
- Ultra-luxury deals: ₹65,000 – ₹1 lakh+ per sq. ft in prime pockets. (The Times of India)
📌 Note: These prices reflect quoted and market values in late 2025 — actual transaction prices can vary based on exact location, floor, view, amenities, and builder reputation.
If you want, I can break down prices by specific neighborhoods (like Worli vs. Malabar Hill vs. Bandra) or explain what ₹10 cr / ₹50 cr / ₹100 cr buys you in luxury homes in Mumbai today. Just tell me!