Mumbai's Luxury Homes Soar: Rs 5 Cr+ Properties See Rising Demand

• Mumbai's residential market in December 2025 saw increased demand for homes above Rs 5 crore, reaching 7% of total registrations, up from 6% a year prior.
• Affordability pressures led to a decline in the share of sub-Rs 1 crore homes, while the Rs 1-2 crore segment grew to 32%.
• Smaller homes up to 1,000 sq ft dominated transactions at 82%, with 500-1,000 sq ft units being most preferred for balancing affordability and space.
• Western and Central Suburbs accounted for 86% of registrations, with Western Suburbs leading at 57%, indicating a shift from Central Mumbai.
• Knight Frank data highlights sustained luxury demand despite overall affordability challenges, especially for entry-level housing.

Why It Matters: Mumbai's property market sees luxury homes thriving and suburban areas dominating, while entry-level housing faces affordability issues.