Mumbai Records 1,499 Luxury Home Registrations Worth ₹14,903 Crore In Q1 FY27, Nearly 16 Deals A Day: Report
· Free Press Journal
Mumbai, August 21, 2026: Mumbai's luxury housing market recorded nearly 16 transactions a day during the first quarter of FY27, with homes priced at Rs 5 crore and above accounting for 1,499 registered deals worth Rs 14,903 crore between April and June 2026, according to a report by Lighthouse Luxury, a Lighthouse PropTech platform backed by Turbostart and family offices, in collaboration with property registration intelligence platform Zapkey.
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The Lighthouse Luxury Quarterly Real Estate Report is based on verified Maharashtra stamp duty and property registration data. The findings indicate that luxury housing transactions in Mumbai have maintained a steady pace through the quarter, with the market recording an average transaction value of about Rs 164 crore every day.
April Leads Quarterly Sales
April emerged as the strongest month during the quarter, recording 563 luxury property registrations valued at Rs 5,726 crore.
Transaction volumes fell 22.7% in May, with 435 registrations worth Rs 4,492 crore. Despite the decline in the number of deals, the average ticket size remained at Rs 10.3 crore.
The market recovered in terms of transaction volumes in June, when 501 luxury homes were registered, marking a 15% month-on-month increase. However, the aggregate value declined to Rs 4,686 crore as the average ticket size fell to Rs 9.4 crore.
The report attributed the June movement to stronger activity in the entry-level luxury segment comprising properties priced between Rs 5 crore and Rs 10 crore.
Worli Remains Top Luxury Destination
Worli continued to dominate Mumbai's luxury housing market in terms of transaction value. The central Mumbai micro-market recorded 97 deals worth Rs 2,272 crore, with an average ticket size of Rs 23.4 crore.
Lower Parel ranked second, registering 81 transactions worth Rs 769 crore at an average ticket size of Rs 9.5 crore. Bandra West followed with 54 deals aggregating Rs 575 crore, with the average transaction valued at Rs 10.6 crore.
Several suburban locations also featured among the quarter's leading luxury markets. Goregaon East recorded 46 transactions worth Rs 552 crore, while Andheri West registered 60 deals worth Rs 425 crore.
Vile Parle West saw 45 transactions valued at Rs 413 crore, while Santacruz West recorded 44 deals worth Rs 364 crore.
The data indicates that the luxury housing market is expanding beyond Mumbai's established premium markets, with redevelopment and improved connectivity contributing to demand in suburban locations.
Industry View
Sumesh Mishra, Founder, Lighthouse PropTech said, “Mumbai’s Luxury Residential Ecosystem continues to grow from strength to strength. The new launches by branded players are witnessing great responses from the buyers. The transaction pace of 16 luxury homes a day shows that HNI and UHNI buyers no longer view premium real estate purely as a cyclical asset class, but as a core wealth preservation strategy. Furthermore, the strong momentum in suburban redevelopment corridors like Goregaon East and Borivali East proves that 'luxury' in Mumbai is geographically expanding beyond traditional South and Central micro-markets, driven by modern gated amenities and improved transit infrastructure."
Murtuza Vapiwala, Co-Founder, Lighthouse PropTech said, “By leveraging advanced AI analytics alongside registration intelligence, our objective is to bring unprecedented transparency to high-net-worth real estate decisions. The report clearly shows that while ultra-high-ticket sales (Rs 50 Cr+) underwent a quiet spell in June, the volume engine of the market—properties in the Rs 5 Cr to Rs 10 Cr band—remains exceptionally resilient and buoyant."
Sandeep Reddy, Co-Founder, Zapkey said, "Raw market perception often diverges from actual ground reality. Through our partnership with Lighthouse Luxury, we decode actual registered transactions straight off the Maharashtra government's records—cutting through listing speculation. Seeing Rs 14,903 Crore in verified transactions in just 90 days underscores the genuine end-user and investor appetite underpinning Mumbai’s real estate landscape."
High-Value Residential Leases
The quarter also saw a number of high-value residential leases involving prominent individuals.
The report identified a Rs 29.42 lakh luxury apartment lease at Shandilya Villa in Worli by Alkem Laboratories promoter Mrityunjay Kumar Singh as the highest-value lease recorded in Mumbai during the period.
Indian cricketer Shreyas Iyer leased a residence at K Raheja Artesia in Worli for Rs 19.83 lakh per month, with a security deposit of Rs 74 lakh.
Bollywood actor Siddharth Malhotra leased a residence at Nair House in Khar West for Rs 11 lakh per month and paid a security deposit of Rs 33 lakh.
National Market Comparison
At the national level, the quarter's highest-value registered residential transaction was recorded on Boat Club Road in Chennai, where a property changed hands for Rs 211 crore.
This was higher than Mumbai's average of Rs 134.6 crore for registrations above Rs 100 crore during the quarter, according to the report.
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Mumbai Real Estate: MHADA Rental Portal Likely Within 3 Months; Over 500 Unsold Lottery Flats To Be Offered On Rent Across MMRThe report's overall data suggests that while Mumbai's ultra-luxury segment witnessed some moderation in the highest-ticket transactions during June, demand for homes in the Rs 5 crore-Rs 10 crore range continued to provide a strong base for the city's luxury residential market.
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