Worli, one of the most popular luxury realty destinations in Mumbai, has seen a huge spurt in property sales and value appreciation in the last two years, as per a report published by Anarock on Thursday.
The report points out that ultra-luxury residential transactions in Worli totaled ₹4,862 crore between 2022 and 2024, indicating the locality's growing popularity among high-net-worth individuals (HNIs) and investors.
The Worli real estate scenario has changed dramatically, with the price of property increasing by 30% in the past two years. The average price per square foot now stands at ₹75,000. Luxury residential properties in the area mostly fall in the range of ₹6 crore to ₹12 crore, which represents more than half of the total stock.
Ultra-luxury home demand remains strong, with 30 deals in the past two years for homes over ₹40 crore.Interestingly, 10 transactions alone were observed in 2024 alone for homes worth more than ₹100 crore, a significant jump compared to only four transactions in 2023.
Worli’s appeal is fueled by its prime location and excellent connectivity to key business hubs such as Bandra-Kurla Complex (BKC), Lower Parel, and Nariman Point. Infrastructure projects like the Bandra-Worli Sea Link, Mumbai Coastal Road, and the upcoming Metro Line-3 are further enhancing accessibility, making the area even more attractive for investors and homebuyers.
Alongside high-end residential developments, the area is witnessing the steady redevelopment of older properties, ensuring a continuous supply of modern luxury housing.
Worli’s commercial real estate segment is also expanding, with 2.98 million square feet of new office space expected to be introduced between 2025 and 2026.
According to the report, rental values in Worli range between ₹170 and ₹280 per square foot per month.
"Worli today is characterized by skyscrapers with panoramic sea views, high-end amenities, and some of the city's highest real estate prices in Mumbai," said Anuj Puri, Chairman of Anarock Group.
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