India’s ultra-luxury home market has seen a significant rise, with 49 homes sold for over Rs 100 crore each, totaling Rs 7,500 crore in the past three years. Apartments now dominate this market, surpassing traditional bungalows and villas.
Recent reports show that 65% of these transactions were apartments, while the remaining 35% were bungalows.
The first two months of 2025 have already recorded four ultra-luxury home sales valued at Rs 850 crore. Mumbai and Delhi NCR are the key regions driving this boom, with Mumbai’s Malabar Hill and Worli areas being popular for these luxury deals. The buyers in this segment are primarily high-profile individuals, including C-suite executives, actors, and startup founders.
Most of the apartments sold are spacious, with sizes ranging between 10,000 to 16,000 sq ft, reflecting the growing appetite for large, luxurious living spaces.
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