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• A luxury sea-facing apartment at Palais Royale in Worli has been sold for INR 162.2 crore, making it one of Mumbai's highest-value residential transactions this year.
• The transaction involved a premium apartment spanning over 13,000 sq ft, reflecting sustained demand for ultra-luxury homes in South Mumbai.
• The deal translates to a per sq ft price exceeding INR 1 lakh, underscoring the continued strength of Mumbai's high-end residential market.
• Industry experts believe such marquee transactions highlight strong buyer confidence in prime waterfront properties despite broader market fluctuations.
Mumbai's ultra-luxury residential market has recorded another landmark transaction with the sale of a sea-facing apartment in Palais Royale, Worli, for INR 162.2 crore. The deal ranks among the city's most expensive residential transactions of the year and reinforces the strong demand for premium homes in South Mumbai's prime waterfront locations.
According to property registration documents cited across reports, the apartment is located in the iconic high-rise overlooking the Arabian Sea and offers a carpet area of more than 13,000 sq ft. The transaction works out to a price exceeding INR 1 lakh per sq ft, highlighting the premium buyers continue to place on large-format residences in established luxury neighbourhoods.
The sale comes amid sustained momentum in Mumbai's luxury housing segment, where high-net-worth individuals, business families and entrepreneurs continue to invest in marquee properties. Industry observers note that limited supply of large sea-facing apartments in established micro-markets such as Worli, Malabar Hill and Cuffe Parade has helped maintain strong pricing despite changing market conditions.
The transaction also reflects the growing preference among affluent buyers for ready or near-ready residences offering expansive layouts, modern amenities and prime locations. Worli, in particular, has emerged as one of Mumbai's most sought-after luxury residential destinations owing to its connectivity through the Bandra-Worli Sea Link, proximity to the city's commercial hubs and panoramic sea views.
Recent months have witnessed several high-value property registrations across Mumbai, indicating that the city's premium residential market continues to attract substantial investments. Developers and consultants believe demand for trophy assets remains resilient, supported by wealth creation, limited inventory in prime locations and increasing interest from domestic buyers seeking long-term value.
The latest Worli Sea Face transaction further strengthens Mumbai's position as India's leading market for ultra-luxury real estate, where marquee residential assets continue to command record valuations and attract high-profile buyers.
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