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Time of India

Indian residential real estate hits new highs with record-breaking apartment deals in Mumbai

Indian residential real estate continues to set new benchmarks in terms of deal sizes and also on a per-sq-ft basis, driven by robust demand, limited supply in prime micro-markets, and the rising purchasing power of homebuyers. Luxury and premium segments in cities like Mumbai, Delhi-NCR, Bengaluru, and Hyderabad have recorded all-time high prices, with marquee projects touching or even surpassing Rs 1 lakh per sq ft in select pockets. With steady price escalation that reflects the sustained end-user interest and developer confidence, the momentum underscores the strength of the housing market on the back of India's sustained economic growth. Costliest Apartment Deals in India All record-breaking deals in Mumbai Year Buyer Rate/ Sq Ft Location May 2025 Leena Tewari Rs 2.83 lakh Worli Apr 2025 Uday Kotak Rs 2.75 lakh Worli Jan 2025 Uday Kotak Rs 2.72 lakh Worli Aug 2016 Alps Realty Rs 2.41 lakh Worli Jul 2017 Jatia Family Rs 2.24 lakh Tardeo Aug 2017 Ranjit Malhotra Rs 2.09 lakh Bhulabhai Desai Road Mar 2025 Ceres Developers Rs 2.08 lakh Tardeo Mar 2021 Shailendar H Hemchand Rs 2.01 lakh Malabar Hill Feb 2021 Jiten Doshi Rs 2 lakh Tardeo Source: Industry data, reports Live Events