Summary of this article
Worli’s luxury prices now match Lower Manhattan levels.
High demand and limited supply drive the surge.
Infrastructure upgrades push Worli into elite global tier.
Mumbai's luxury housing segment has just surpassed a new threshold; one of its neighbourhoods now stands shoulder-to-shoulder with Lower Manhattan in terms of pricing. According to a report by ANAROCK and 360 One Wealth, property rates for premium residential towers in Mumbai's Worli neighbourhood have risen to over Rs 1,00,000 per square foot. Notably, this matches real-estate rates in Lower Manhattan of $1,109 per sq ft.
The price-rise seen in the Worli neighbourhood is driven by multiple factors such as high demand for premium real estate, wealth concentration, and infrastructure upgrades in the region. The price has also been backed by strong sales, concentrated supply, and a transformation in lifestyle preferences.
In ANAROCK's latest report "Worli: The Pinnacle of Luxury", Worli has been highlighted as 'One of the most sought after precincts in SoBo (South Bombay)'. The report also stated that the neighbourhood made up nearly half of all residential deals above Rs 40 crore. Additionally one of India’s most expensive apartment deals was made in the neighbourhood wherein two duplexes were sold for over Rs 700 crore.
What Is Driving Worli’s Real Estate Rush
The reason behind such a boost to real estate prices in this neighbourhood is high demand. Worli made up 57 per cent of Mumbai's ultra-luxury deals in 2023. The highlight is, this isn't investor-led development; it aligns directly with the structural shift that India has witnessed. India has added record-high numbers of high-net-worth individuals who choose to anchor themselves in Mumbai. As of 2024, the number of high-net-worth individuals rose by 6 per cent, reaching a total of 85,698 as Knight Frank's "The Wealth Report 2025." On the supply-side, Worli only has 5,008 units, with 3BHK apartment configurations.
Additionally the development of infrastructure in this region has also boosted prices; these ultra-lux properties have endless amenities which cater to the status quo, and have prime names in occupancy. The completion of the Coastal Road, enhancements to the Bandra-Worli sea link, Mumbai Metro line, and the upcoming multi-modal corridors have cut down the travel time remarkably. As per the report, these upgrades are now defining Worli as an 'Elite Tier' residency. This locality offers luxury segments with efficient commute, which is seen as an ultimate package for investors and home buyers alike.
How Are Homes In Worli Priced
In Worli, the relationship between the residential sizes and prices is quite straightforward. Properties under Rs 8 crore are usually smaller than 1,000 sq ft. Properties of sizes from 1,000 to 2,000 sq ft range from Rs 8 crore to Rs 16 crore. While residences of size from 3,000 to 4,000 sq ft fall under Rs 24 crore to Rs 32 crore bracket. Any property priced above Rs 32 crore is usually over 4,000 sq ft and it automatically places the homes in the ultra-luxury category, as the report suggests.
Worli's land market reflects the rising premium demand in the housing sector. Since 2023, land transactions of more than Rs 7,600 crores have been noted in the locality.
