Worli Tops India’s Ultra-Luxury Property Market with Rs 5,500 Crore in 2 Years

Over Rs 69,000 crore in infrastructure and premium projects are transforming Worli into the epicenter of India’s residential wealth.

40% of India's high-net-worth residential transactions take place in Worli in the Mumbai Metropolitan Region, which has become the epicenter of the country's wealth concentration and commands prices comparable to those of its international counterparts.

As per ANAROCK and 360 One Wealth, the expansion is driven by an incoming pipeline of projects worth over Rs 36,000 crore and supported by an infrastructure network worth over Rs 69,000 crore. In just 2 years, more than 30 homes valued at more than Rs 40 crore each were sold in the area, total around Rs 5500 crore. This transaction velocity redefines India's residential real estate order.

According to ANAROCK Group Chairman Anuj Puri, Worli now accounts for 40% of India's total market for ultra-luxury apartments. Worli accounts for almost half of all transactions exceeding Rs 40 crore across the country from Delhi's power pockets to Bangalore's expansive tech corridors.

Anuj Puri sated, the momentum is just growing. In this year, two duplexes in the area sold for over Rs 700 crore, making it one of the most expensive apartment transactions in India. Worli closed over twenty residential transactions worth more than Rs 100 crore during the last three years.

Worli's premium tower apartments total around Rs 65,000 and 1 lakh per square foot, which is comparable to Lower Manhattan in New York. Apartments less than 1 thousand square feet cost under Rs 8 crore. Over Rs 32 crore is spent on ultra premium residences more than 4 thousand square feet.

A largely nondescript industrial area has been changed into a meticulously developed lifestyle ecosystem over a period of twenty years of continuous development. Around 4 to 5 million square feet of premium residential and retail space are now under construction; this is only the visible layer of a deeper structural change.