Worli -
Mumbai’s Luxury Hub Saw INR 4,862 Cr Ultra-Luxury Deals, 30% Price Surge
- Skyline boom – INR
75,000/sq. ft.; 4,600 housing supply reshapes luxury segment
- Dominant budget range – INR
6 – INR 12 Cr (52% of inventory)
- 30 transactions for INR 40
Cr+ ultra-luxury homes in last two years, total worth INR 4,862 Cr
- In 2024, Worli saw 10
transactions for homes valued over INR 100 crore, compared to just 4 deals
in 2023
- INR 2.98 Mn sq. ft.
commercial expansion, avg. rental value INR 170-280/sq. ft./month
Mumbai,
13 March 2025: Worli, a
historic precinct in South Central Mumbai, has transformed into one of the
city’s most sought-after luxury residential and commercial hubs. A new report by ANAROCK studies
this markets’ continuous growth as a prime destination for high-net-worth
individuals (HNIs) and multinational corporations on the back of its seamless
connectivity, high-end developments, and continuous infrastructure
advancements.
From Industrial Hub to Luxury Destination
Anuj
Puri, Chairman – ANAROCK Group, says, “Originally an industrial stronghold, Worli
housed numerous textile mills and working-class chawls. However, the closure of
these mills in the 1990s and 2000s spurred large-scale redevelopment, paving
the way for premium residential towers and commercial spaces. The construction
of the Bandra-Worli Sea Link further solidified its reputation as a premier
address, making the area attractive to corporate professionals and wealthy
homebuyers.”
“Today,
Worli is characterized by towering skyscrapers offering panoramic sea views,
premium amenities, and some of the highest real estate prices in Mumbai, adds
Puri. “With ongoing infrastructure projects like the Mumbai Coastal Road and
Metro Line-3, its desirability is only set to rise further.”
Strategic Location and Connectivity
Worli’s
central location allows seamless access to key business districts such as
Bandra-Kurla Complex (BKC), Lower Parel, and Nariman Point. The area's
connectivity is reinforced by major infrastructure projects, including:
- Bandra-Worli Sea Link –
Reducing travel time to Western suburbs.
- Mumbai Coastal Road –
Enhancing North-South connectivity.
- Mumbai Metro Line-3
(Colaba-Bandra-SEEPZ) – Improving public transit access.
- Eastern and Western Express
Highways – Offering arterial routes to different parts of the city.
These
developments have made Worli a preferred residential choice for executives and
investors looking for high appreciation value.
A Luxury Housing Powerhouse
Worli’s
real estate market is dominated by ultra-luxury residences with high-end
amenities and breathtaking views of the Arabian Sea. Some key statistics
highlight its prominence:
- Total Supply (till 2024):
4,600 units
- Average Price per Sq. Ft.:
INR 75,000
- Dominant Price Range: INR 6
Cr – INR 12 Cr (52% of inventory)
- Price Appreciation
(2022-2024): 30%
- Ultra Luxury Transactions
(2023 - 2024): 30 deals above INR 40 Cr, worth INR 4862 Cr
Luxury
projects such as Lodha The World Towers, Birla Niyaara, Oberoi
Three Sixty West, and Raheja Imperia define Worli’s skyline,
attracting celebrities, business tycoons, and NRIs. The market is also
witnessing significant redevelopment of aging properties, ensuring a continuous
pipeline of high-end residences.
Land Deals
Commercial Real Estate
Worli’s
commercial real estate sector has grown steadily, with Grade A office spaces
catering to global corporations, financial institutions, and startups. Key
statistics include:
- Upcoming Supply (2025-2026):
2.98 million sq. ft.
- Average Rental Value: INR
170-280 per sq. ft./month
- Price Appreciation
(2018-2024): 18%
Landmark
commercial projects such as One Lodha Place, Lodha Supremus, and Altimus
have made Worli a preferred business destination. The presence of premium
residences and lifestyle hubs further enhances its appeal for professionals.
Growth and Investment Potential
With
major infrastructure projects nearing completion, Worli’s real estate market is
poised for continued growth. Key drivers include:
- Continued Infrastructure
Investments: Mumbai Coastal Road and Metro Line-3 will further boost
accessibility.
- Luxury Redevelopment
Projects: Older buildings are being replaced with modern high-rises.
- Corporate and Commercial
Expansion: Demand for premium office spaces continues to rise.
- Rising Investment Value:
Consistently high property appreciation makes Worli an attractive choice
for investors.
Despite
challenges such as high property prices, traffic congestion, and limited land
availability, Worli remains one of Mumbai’s most prestigious and resilient real
estate markets. For investors and homebuyers seeking exclusivity, connectivity,
and long-term value, Worli stands unmatched as a premier destination in South
Central Mumbai.
Download
the report Worli - South Central Mumbai
