How is the demand for Luxury Residential Property rising in the second half of 2025?

Luxury housing in India is having a very strong year. A recent report by CBRE South Asia and ASSOCHAM said that luxury home sales grew 85 percent year on year during the first half of 2025. About 7,000 premium homes priced between ₹4 and ₹6 crore in most cities and above ₹6 crore in Delhi-NCR and Mumbai were sold across the top seven markets. (Source)

This surge has been driven by rising aspirations, higher disposable incomes, and supportive government policies. As we look at the second half of 2025, demand is likely to stay strong. This article explains why, with a special focus on Borivali, a suburb in Mumbai where Shelaji Group has three luxury projects. We will also offer tips on how to choose the best builder in Mumbai for your needs.

The rise of luxury housing in India

Luxury homes are doing better than ever before. People with high incomes and non-resident Indians (NRIs) see premium homes as good investments. Banks have cut interest rates, and the Real Estate Regulation and Development Act (RERA) makes projects more transparent. Builders are adding features like smart-home automation, private elevators, and spa-style bathrooms to attract buyers.

Here are some important numbers:

Delhi-NCR sold around 4,000 luxury units in the first half of 2025. That was 57 percent of all luxury deals.
Mumbai sold about 1,240 luxury units, which equals an 18 percent share. Luxury property sales in Mumbai reached ₹14,750 crore, which was 11 percent higher than the previous year.
JLL research says that Mumbai’s residential sales value may go beyond ₹1.45 lakh crore in 2025 and could even cross ₹2 lakh crore by 2030.
Experts think that prices of high-end homes will rise 6 to 7 percent during the second half of 2025.

Why development is moving north: the MaKaBo corridor

For many years, most premium housing in Mumbai was in areas like Malabar Hill and Worli. In recent years, development has moved north because land is limited in the south. JLL notes that the new focus is on the MaKaBo corridor. The name comes from Malad, Kandivali, and Borivali. This shift happened because:

There is more land available in the north.
New roads and metro lines make it easier to travel.
More people want larger homes in suburban areas.

Borivali: a rising luxury hotspot

Among the northern suburbs, Borivali stands out. Here’s why:

Sales boom: The Borivali–Goregaon corridor saw home sales worth ₹40,083 crore in the financial year 2024–25. This was a 39 percent increase from the previous year.
Price range: Average apartments sell for ₹25,000 to ₹40,000 per square foot, while luxury projects reach ₹56,000 per square foot. These prices are lower than in areas like Pali Hill or Worli, where rates can exceed ₹1 lakh per square foot.
Notable deals: In 2024, a 4-BHK flat sold for ₹14 crore at ₹56,000 per square foot. In mid-2025, a 5-BHK home of 2,300 square feet was listed at ₹8.52 crore, or about ₹35,000 per square foot.
Improved connectivity: Metro Line 2A now links Dahisar and D N Nagar. The Western Express Highway and the upcoming Mumbai–Ahmedabad bullet train will make travel easier.
Close to nature: Borivali borders the Sanjay Gandhi National Park, offering greenery and open space. Many buyers like having nature nearby while still living in Mumbai.

What is driving demand

Higher income and lifestyle goals – Buyers view premium homes as status symbols and long-term investments.
More investment by HNIs and NRIs – These groups are choosing Indian real estate to diversify their portfolios.
Better financing and laws – Banks have lowered interest rates, and RERA provides more security for buyers.
Modern amenities – Developers offer things like smart-home systems, private elevators, and concierge services.
Strong infrastructure – New metro lines and expressways raise property values.

How Borivali compares with other Indian cities

Delhi-NCR still leads in luxury sales. About 4,000 units were sold in the first half of 2025.
Mumbai is second, and within Mumbai, the MaKaBo corridor is showing strong growth.
Pune and Chennai now account for roughly 5 percent of luxury sales, showing that more cities are entering the premium market.

Overall, supply and demand are balanced. Top cities sold about 1.32 lakh units and launched 1.38 lakh units in early 2025. This balance helps prevent a bubble.

Tips for choosing a trusted builder in Mumbai

Check the builder’s history: A good developer completes projects on time and uses quality materials. Realty+ magazine says partnering with a trusted builder helps buyers navigate the real estate market.
Confirm RERA registration: Projects registered under RERA must follow strict rules on delivery and transparency.
Look at financial stability: A well-funded developer is less likely to delay construction.
Ask about after-sales service: Good builders provide clear paperwork and help with maintenance or rentals.
Visit completed projects: Seeing the quality in existing buildings helps you judge what to expect.

Shelaji Group: quality you can trust

Shelaji Group is known for quality and reliability, making it one of the trusted builders in Mumbai. The company has a track record of delivering high-rise towers, commercial complexes, and mixed-use projects. Its developments often include modern features like smart-home systems, energy-efficient fittings, landscaped gardens, and comprehensive amenities.

Shelaji’s three luxury projects in Borivali are located near Metro Line 2A and main roads. They offer:

Smart design with efficient floor plans and premium finishes.
Sustainability features like rainwater harvesting and solar panels.
Amenities such as swimming pools, gyms, co-working spaces, and children’s play areas.
Green spaces with gardens and terraces to promote healthy living.

By choosing Shelaji, buyers can enjoy peace of mind and long-term value from a developer that is often listed among the top real estate developers in Mumbai.

What to expect in the second half of 2025

Continued urbanisation and affluence – More people are moving to cities, and incomes are rising.
NRI interest – People living abroad are investing back home.
Infrastructure projects – Ongoing work on the Coastal Road, new metro lines, and the bullet train will make suburban living even more convenient.
Price growth – Analysts expect high-end home prices to rise 6 to 7 percent in the second half.
Broader reach – Luxury projects are starting in more tier-2 and tier-3 cities, spreading demand across India.

Still, buyers should keep an eye on potential challenges. The affordability gap may widen if prices climb too fast. Changes in government rules or delays in approvals can slow projects. Cost pressures on materials may also impact timelines. Working with a dependable developer helps reduce these risks.

Final thoughts

Luxury real estate in India is booming. The first half of 2025 set new records, and the second half looks promising. Borivali shows how a suburb can transform into a luxury hub. Sales have jumped, prices are climbing, but still offer value compared with South Mumbai, and connectivity keeps improving. The area offers greenery near the city, which is rare in a metropolis.

If you plan to invest, take time to research and choose a trusted builder. Shelaji Group’s projects in Borivali demonstrate how quality construction, modern design, and sustainable practices can create high-end homes that stand the test of time. With the right guidance and a clear understanding of the market, you can make a well-informed decision and enjoy the benefits of luxury living in Mumbai’s next big destination.