Daijiworld Media Network - Mumbai
Mumbai, Mar 13: Mumbai’s prime luxury hub, Worli, has witnessed an unprecedented surge in high-end real estate transactions and price appreciation over the past two years, reaffirming its status as a hotspot for high-net-worth individuals (HNIs) and investors.
A report by Anarock reveals that ultra-luxury home sales in Worli have touched Rs 4,862 crore in the last two years, with property prices soaring by 30% between 2022 and 2024. The average price per square foot has now reached Rs 75,000, reflecting the area’s premium positioning in Mumbai’s real estate landscape.
Luxury homes priced between Rs 6 crore and Rs 12 crore dominate the market, accounting for more than 50% of available inventory. The demand for ultra-luxury residences continues to grow, with 30 transactions recorded for homes priced above Rs 40 crore in the past two years. Notably, 2024 alone saw 10 transactions for properties valued over Rs 100 crore, compared to just four such deals in 2023.
Worli’s strategic location and excellent connectivity to major business districts like Bandra-Kurla Complex (BKC), Lower Parel, and Nariman Point have significantly boosted its appeal. Infrastructure developments such as the Bandra-Worli Sea Link, Mumbai Coastal Road, and the upcoming Metro Line-3 are further enhancing accessibility, attracting both end-users and investors.
In addition to luxury residences, the neighborhood is undergoing extensive redevelopment, ensuring a continuous influx of modern, high-end housing. Worli’s commercial real estate sector is also expanding, with 2.98 million square feet of new office space expected to be added between 2025 and 2026.
Rental prices in the area currently range from Rs 170 to Rs 280 per square foot per month, reinforcing Worli’s position as one of Mumbai’s most sought-after real estate destinations.
“Today, Worli is characterized by towering skyscrapers offering panoramic sea views, premium amenities, and some of the highest real estate prices in Mumbai,” said Anuj Puri, Chairman of Anarock Group.