Worli, a premier luxury real estate hub in Mumbai, is witnessing an unprecedented boom, with ultra-luxury home deals totaling Rs 4,862 crore over the past two years, according to a recent Anarock report.

The area’s property market has surged by 30% between 2022 and 2024, driven by rising demand from high-net-worth individuals (HNIs) and investors. Average prices have climbed to Rs 75,000 per square foot, with luxury homes priced between Rs 6 crore and Rs 12 crore dominating over half the inventory.

The report highlights a sharp rise in ultra-luxury transactions, with 30 deals for homes above Rs 40 crore recorded in the last two years. In 2024 alone, 10 properties sold for over Rs 100 crore, up from just four such transactions in 2023.

Worli’s appeal lies in its strategic location, offering seamless connectivity to business hubs like Bandra-Kurla Complex (BKC), Lower Parel, and Nariman Point. Infrastructure projects, including the Bandra-Worli Sea Link, Mumbai Coastal Road, and the upcoming Metro Line-3, are boosting accessibility and fueling investor interest.

Beyond residential growth, Worli is undergoing a redevelopment wave, transforming older properties into modern luxury residences. The commercial sector is also thriving, with 2.98 million square feet of new office space slated for completion between 2025 and 2026.

Rental rates, ranging from Rs 170 to Rs 280 per square foot per month, reflect the area’s premium status. “Worli now boasts skyscrapers with stunning sea views, top-tier amenities, and some of Mumbai’s highest property prices,” said Anuj Puri, Chairman of Anarock Group.

As infrastructure and demand converge, Worli solidifies its position as a pinnacle of luxury living and investment in India’s financial capital.