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Worli in central Mumbai, once an ordinary industrial area, has transformed into the ultimate destination for ultra-luxury homes, accounting for 40% of the transactions worth ₹40 crore for each apartment across India in the last two years, totaling over ₹5,500 crore.
“Worli in the Mumbai metropolitan region has officially crossed the threshold from aspirational luxury destination to India’s undisputed ultra-high-net-worth residential citadel,” said 360, which prepared a report jointly with One Wealth.
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Two duplexes here were sold for ₹700 crore and in the last three years alone more than 20 residential transactions were individually priced above ₹100 crore. Prices of premium tower apartments in Worli range from ₹65,000 to over ₹1,00,000 per square foot, which is comparable to New York’s Lower Manhattan.
Anuj Puri, Chairman, ANAROCK Group, said, “Worli now accounts for 40% of India’s entire ultra-luxury apartment market. This single figure reflects the unprecedented dominance of the micro-market. Across the country – from the sprawling tech corridors of Bengaluru to the power pockets of Delhi – Worli accounts for almost half of all transactions above ₹40 crore.”
“The pace is only accelerating. 2025 alone saw one of India’s most expensive apartment transactions – two duplexes sold for over ₹700 crore,” he said.
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In Worli, one can buy a flat of less than 1,000 sqft for around ₹8 crore, while ultra-premium residences spread over 4,000 sqft cost more than ₹32 crore.
This has been possible due to two decades of relentless development, which has transformed Worli from a largely unremarkable industrial area into a curated lifestyle ecosystem.
“There are currently approximately 4-5 million sq ft of premium residential and retail space under construction, and this is a visible layer of a deeper structural shift,” ANAROCK Group said.
With investments of over ₹69,000 crore in completed or ongoing infrastructure projects through the Worli micro-market, prices have risen sharply.
“The Bandra-Worli Sea Link and the Mumbai Coastal Road are new economic corridors reshaping Mumbai’s geography,” the report said.
According to the report, land transactions worth a total of ₹7,600 crore have already been closed in and around Worli by 2023, with a revenue potential of more than ₹36,000 crore. In the residential sector alone, projects worth ₹19,000-21,000 crore are in mid-construction.
“Looking ahead, at least 40 acres of real estate projects by India’s most prestigious developers are in the pipeline, indicating a land bank that could potentially generate thousands of crores of rupees in future transaction value,” the report said.
published – December 04, 2025 01:44 PM IST
