Where are millionaires investing? Properties above Rs 2 crore gain share in Mumbai market
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Mumbai’s real estate market is seeing a notable shift towards luxury housing, with properties priced above Rs 2 crore gaining a larger share of total registrations. According to a recent report by Nuvama Institutional Equities, the share of high-value properties rose to 25% in April 2025, up from 22% in April 2024 and 19% in March 2025, signaling a clear resurgence in the premium housing segment. The report attributes this trend to increased new launches, improved city infrastructure, and a pick-up in demand for centrally located, well-connected homes—particularly in South and Central Mumbai, which saw a 1% year-on-year uptick in registration share. While the total number of housing units registered in Mumbai rose 12% YoY to 13,080 units, there was a 16% MoM decline, largely due to buyers advancing purchases to March 2025 ahead of the 3.4% hike in ready reckoner rates effective April. In value terms, the April 2025 registrations totaled R...