India’s ultra-luxury real estate sector is experiencing a record-breaking boom, with Mumbai and Delhi NCR leading high-value property sales. Over the past three years, 49 ultra-luxury homes priced at Rs 100 crore and above have been sold, collectively valued at Rs 7,500 crore. The trend gained momentum in 2024, with 25 such transactions amounting to Rs 3,652 crore. The demand remains strong in 2025, as the first two months alone recorded Rs 850 crore worth of deals.
Mumbai and Delhi NCR Dominate the Ultra-Luxury Segment
Mumbai remains the epicentre of high-end real estate, accounting for 69 per cent of these transactions. Malabar Hill and Worli are the most sought-after locations, while Delhi NCR sees increasing demand beyond the prestigious Lutyens Bungalow Zone, with premium high-rise apartments on Golf Course Road in Gurugram witnessing record-breaking sales.
Luxury Apartments Outshine Bungalows
Apartments have overtaken bungalows in the ultra-luxury segment, accounting for 65 per cent of transactions in the Rs 100 crore-plus category. Once considered the pinnacle of luxury, independent bungalows are now being replaced by high-rise residences offering resort-like amenities and enhanced privacy. Most of these premium homes are sized between 10,000 and 16,000 sq. ft, with a few transactions crossing the Rs 200-500 crore range.
Bollywood Celebrities in High-Value Real Estate Deals
The ultra-luxury market continues to attract India’s wealthiest individuals, including top business leaders and Bollywood celebrities. In the last two months, actor Akshay Kumar reportedly sold residential properties worth nearly Rs 100 crore in Mumbai. Priyanka Chopra Jonas also offloaded four luxury apartments in Andheri West for Rs 16.17 crore.
Financial Year-End Spurs Surge in Transactions
Experts attribute the recent spike in ultra-luxury property sales to the financial year-end, as high-net-worth individuals rush to close deals before the March 31 deadline. Additionally, anticipation of a five to 10 per cent hike in Maharashtra’s ready reckoner rates from April 1 has further accelerated transactions.
Future of India’s Ultra-Luxury Housing Market
With the number of billionaires in India rising significantly in 2025, the demand for ultra-luxury homes is expected to remain steady. As more developers enter the premium housing space, Mumbai and Delhi NCR will continue to dominate India’s most exclusive real estate market.
Read More: Inside India’s Rs 100 Crore+ Housing Boom: Mumbai and Delhi NCR Lead the Charge