Worli’s Property Market Booms With Rs 4,862 Cr Extremely-luxury Offers, Costs Surge 30% | Actual Property Information
Mumbai: Worli, one in all Mumbai’s most sought-after luxurious actual property hubs, has seen a outstanding surge in property transactions and worth appreciation within the final two years, a brand new report stated on Thursday.
In accordance with the report by Anarock, the world recorded ultra-luxury house offers value Rs 4,862 crore within the final two years, reflecting its rising demand amongst high-net-worth people (HNIs) and buyers.
The actual property market in Worli has undergone a metamorphosis, with property costs hovering by 30 per cent between 2022 and 2024.
The typical worth per sq. foot within the space has now reached Rs 75,000. The dominant worth vary for luxurious properties in Worli is between Rs 6 crore and Rs 12 crore, accounting for over half of the accessible stock.
The demand for ultra-luxury residences continues to rise, with 30 transactions for properties priced above Rs 40 crore recorded within the final two years.
In 2024 alone, the world noticed 10 transactions for properties valued at over Rs 100 crore, a major enhance from simply 4 such offers in 2023.
Worli’s rising enchantment is pushed by its prime location and powerful connectivity to key enterprise districts like Bandra-Kurla Advanced (BKC), Decrease Parel, and Nariman Level.
Main infrastructure developments such because the Bandra-Worli Sea Hyperlink, Mumbai Coastal Highway, and the upcoming Metro Line-3 are additional enhancing accessibility, making the world much more enticing to buyers and homebuyers.
Alongside high-end residences, the world can also be seeing a gradual redevelopment of older properties, making certain a steady provide of recent luxurious housing, as per the report.
Worli’s industrial actual property market can also be increasing, with 2.98 million sq. ft of latest workplace area anticipated to be added between 2025 and 2026.
Rental values within the space vary from Rs 170 to Rs 280 per sq. foot per thirty days, the report stated.
“Right this moment, Worli is characterised by towering skyscrapers providing panoramic sea views, premium facilities, and a few of the highest actual property costs in Mumbai,” stated Anuj Puri, Chairman, Anarock Group.
