Mumbai's Worli peninsula has solidified its status as the undisputed epicenter of India's ultra-luxury residential market. A landmark report released on Thursday by the Anarock Group, in collaboration with 360 One Wealth, reveals a staggering statistic: Worli alone is now home to 40% of the country's entire ultra-luxury apartment market.
Unprecedented Sales in the Pinnacle Segment
The findings, detailed in the report titled 'The Pinnacle of Luxury: Worli', highlight an extraordinary concentration of wealth. Over the last two years, more than 30 homes, each priced above Rs 40 crore, have been sold in this prime Mumbai locality. The cumulative value of these transactions exceeds a monumental Rs 5,500 crore.
Anuj Puri, Chairman of ANAROCK Group, emphasized the scale of Worli's dominance. "Across the entire country – from Bengaluru’s tech corridors to Delhi’s power pockets – Worli accounts for nearly half of all transactions exceeding Rs 40 crore," he stated. The momentum shows no signs of slowing. The year 2025 witnessed one of India's most expensive apartment deals ever, with two duplexes fetching a combined Rs 700 crore. Furthermore, the past three years have seen over 20 residential deals in Worli, each individually valued above Rs 100 crore.
Price Points Rivaling Global Capitals
The report draws a compelling parallel between Worli and one of the world's most prestigious addresses. Premium tower apartments in the area now command prices ranging from Rs 65,000 to Rs 1 lakh per square foot. This pricing firmly positions Worli as India's answer to New York's Lower Manhattan, not just in aspiration but in concrete economic terms.
This luxury residential boom is underpinned by massive ongoing development. Currently, there are nearly 4-5 million square feet of premium residential and retail space under construction in Worli. In the residential segment alone, projects worth between Rs 19,000 crore and Rs 21,000 crore are at various mid-construction stages.
Beyond Residences: An Emerging Central Business District
The residential story, however, masks a powerful commercial transformation. Worli's commercial office space is witnessing unprecedented demand, with monthly rents between Rs 180 and Rs 375 per square foot and a razor-thin vacancy rate of just 8.1%. The report interprets this as 'scarcity pricing', a clear signal that institutional capital views Worli as much more than a residential enclave. It is rapidly emerging as Mumbai's next central business district.
The future pipeline is colossal. Land transactions totalling over Rs 7,600 crore have been sealed in and around Worli since 2023, with a future revenue potential estimated to exceed Rs 36,000 crore. Top developers have at least 40 acres of real estate projects in the pipeline, representing a land bank that could generate tens of thousands of crores in future transaction value.
The data presents an unequivocal picture: Worli has transcended its status as a premium Mumbai neighborhood to become a national powerhouse for luxury living and a strategic commercial hub, setting new benchmarks for India's real estate economy.
