Most Expensive Home Sold in Mumbai

The Mumbai’s luxury market saw a splendid run in the first half of 2021 despite muted buyer sentiments in a COVID-hit market. As per the latest report by Square Yards tilted “List of Most Expensive Homes Sold in Mumbai- Jan-June 2021”, several transactions worth Rs 15 to 100 Crore were registered in the city during the first half of the year. The approximate value of these transactions were pegged at around Rs 400 Crore+.

Key Highlights of the Report

“Mumbai being undoubtedly the most attractive and expensive real estate market in India boasts of highest number of transactions over Rs 15 crore. It formed approximately 0.13 percent of the total residential sale transaction base of about 1.26 lakh units in 2021 (Jan-May). There was a 63 percent hike in these high-ticket transactions compared to 2019 and 2020 which is attributed to lesser stamp duty, price correction of 15-30 percent in high-value transactions and the recent cheer in equity markets,” said Anand Moorthy, Business Head, Data Intelligence & Asset Management, Square Yards.