Mumbai’s Worli houses 40% of India’s entire ultra-luxury apartment market: Report

Worli in central Mumbai, once a nondescript industrial zone, has transformed into ultimate destination of ultra-luxury homes commanding 40% share of all apartment transactions worth ₹40 crore each across India in the last two years totalling more than ₹5,500 crore. 

“Worli in the Mumbai Metropolitan Region has officially crossed the threshold from aspirational luxury destination to India’s undisputed ultra-high-net-worth residential fortress,” the cwhich has prepared a report jointly with 360 One Wealth said.

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Here two duplexes were sold for ₹700 crore and more than 20 residential transactions were individually priced above ₹100 crore in the last three years alone. Premium tower apartments in Worli are priced between ₹65,000 and more than ₹1,00,000 per sq. ft. comparable to New York’s Lower Manhattan.

Anuj Puri, Chairman, ANAROCK Group, said “40% of India’s entire ultra-luxury apartment market is now Worli. That singular statistic captures the micro-market’s unprecedented dominance. Across the entire country – from Bengaluru’s sprawling tech corridors to Delhi’s power pockets – Worli accounts for nearly half of all transactions exceeding ₹40 crore.”

“The momentum is only accelerating. 2025 alone witnessed one of India’s costliest apartment transactions – two duplexes sold for more than ₹700 crore,” he added. 

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In Worli one could buy a less than 1,000 sqft flat for about ₹8 crore while ultra-premium residences spread across 4,000 sqft are priced above ₹32 crore. 

This has become possible owing to two decades of relentless development that has transformed Worli from a largely nondescript industrial zone into a curated lifestyle ecosystem. 

“There are nearly 4-5 million sqft of premium residential and retail space currently under construction here, and this is just the visible layer of a deeper structural shift,” ANAROCK Group said.

With more than ₹69,000 crore investment in completed or ongoing infrastructure projects now ribbon through the Worli micro-market, prices have gone up sharply. 

“The Bandra-Worli Sea Link and the Mumbai Coastal Road are new economic corridors reshaping Mumbai’s geography,” the report said.

Land transactions totalling ₹7,600 crore have already closed from 2023 onwards in and around Worli, with revenue potential exceeding ₹36,000 crore as per the report. In residential alone, ₹19,000-21,000 crore worth of projects are mid-construction.

“Looking ahead, at least 40 acres of real estate projects by India’s most reputed developers are in the pipeline, denoting a land bank that can potentially generate tens of thousands of crores in future transaction value,” the report added.