Introduction: Understanding the Surge in Luxury Apartments in Mumbai
Mumbai’s real estate landscape is undergoing a significant transformation, with luxury apartments becoming a focal point for investors and homebuyers alike. The city’s status as a financial hub, coupled with its limited land availability, has led to a surge in demand for high-end residential properties. This trend is further amplified by the influx of non-resident Indians (NRIs) and high-net-worth individuals (HNWIs) seeking premium living spaces that offer both comfort and prestige.
The Rise in Demand for Luxury Apartments in Mumbai
The demand for luxury apartments in Mumbai has seen a remarkable increase, driven by several factors:
- Economic Growth: India’s robust economic performance has led to increased disposable incomes, enabling more individuals to invest in luxury properties.
- Urbanization: Rapid urban development has created a need for high-quality residential spaces that cater to the evolving lifestyle preferences of urban dwellers.
- Global Appeal: Mumbai’s reputation as a cosmopolitan city attracts international investors looking for premium real estate opportunities.
- High Demand: Mumbai’s luxury real estate market is experiencing unprecedented growth, driven by strong buyer demand and limited supply in premium areas.
- Record-Breaking Sales: The city recorded its highest-ever property stamp duty collection in May 2025, primarily due to a surge in luxury property sales.
- Wealth Preservation: Ultra-rich individuals are increasingly investing in luxury real estate to preserve and grow their wealth, favoring high-value and prestigious properties.
- Global Recognition: Mumbai’s luxury property market recorded the third-highest price rise globally in Q1 2024, highlighting its strong performance on the international stage.
- Infrastructure Boost: Major infrastructure projects like the Mumbai Coastal Road and Trans-Harbour Link are enhancing connectivity and boosting property values in key areas.
Top 10 Luxury Apartments in Mumbai
Below are the top 10 luxury apartments in Mumbai—covering location, pricing, unique features, and whether they’re ready to move or still under construction.
10. Adani Linkbay Residences
- Location: Andheri West, Mumbai
- Price: ₹4.56 Cr onwards
- Configuration: 3 & 4 BHK
- Size: 1153 – 1460 Sq. Ft. onwards
- Status: Under Construction
Project Introduction:
Adani Linkbay Residences is a luxurious residential development offering spacious apartments with modern amenities. Located in Andheri West, it provides residents with a comfortable and convenient lifestyle.
Highlights:
- 2.5-acre project with 6 towers of 28 storeys
- Integrated development with residential, retail, and commercial spaces
- East-West facing large-sized homes
Amenities:
- 45,000 Sq. Ft. clubhouse
- 27,000 Sq. Ft. sports arena
- Rooftop experiences with city views
- Over 50 amenities for all age groups
Connectivity:
- Close to Andheri Railway Station and Metro Station
- Easy access to major roads and commercial centers
9. Godrej Five Gardens
- Location: Matunga, Mumbai
- Price: ₹10.25 Cr onwards
- Configuration: 3 BHK
- Size: 1410 – 1496 Sq. Ft.
- Status: Under Construction (Possession by December 2028)
Project Introduction:
Godrej Five Gardens, located in the heart of Matunga, offers a blend of connectivity, convenience, lush greenery, and lavish amenities. Designed to provide an exquisite lifestyle, this project promises thoughtfully designed homes amidst iconic landmarks.
Highlights:
- Strategically located in mid-town Matunga
- Proximity to Five Gardens, a renowned green space
- Thoughtfully designed residences
Amenities:
- Lush green landscapes
- Modern clubhouse
- Fitness center
- Children’s play area
Connectivity:
- 3 minutes drive to Dadar Parsi Gymkhana
- 2 minutes drive to Dadar Railway Station
- 25 minutes drive to Mumbai International Airport
8. Ten BKC
- Location: Bandra East, Mumbai
- Price: ₹6.49 Cr onwards
- Configuration: 3, 4 & 5 BHK
- Size: 985 – 2080 Sq. Ft. onwards
- Status: Nearing Possession
Project Introduction:
Ten BKC is a premium residential project offering luxurious apartments with modern amenities. Situated in Bandra East, it provides easy access to business hubs and lifestyle destinations.
Highlights:
- Spacious 3, 4 & 5 BHK apartments
- Modern architectural design
- High-quality construction
Amenities:
- Swimming pool
- Fitness center
- Clubhouse
- Landscaped gardens
Connectivity:
- Close to Bandra-Kurla Complex (BKC)
- Easy access to major roadways and public transport
7. Rustomjee Balmoral, Chembur
- Location: Chembur, Mumbai
- Price: ₹7.65 Cr – ₹11.88 Cr*
- Configuration: 3 & 4 BHK
- Size: 1399 – 2560 Sq. Ft.
- Status: Under Construction
Project Introduction:
Rustomjee Balmoral Golf Links is an exclusive residential development spread across 4.2 acres in Chembur. Designed for those seeking tranquility amidst the city’s hustle, the project features multi-storeyed towers with 18 floors, offering spacious apartments with private sundecks and breathtaking views of the adjacent golf course.
Highlights:
- Landmark address adjoining Mumbai’s largest golf course (90 acres)
- Designed by renowned architects Hafeez Contractor, Patty Mak, and COEN
- Only two apartments per floor for enhanced privacy
- RERA Registered: P51800079955
Amenities:
- Private pool and jacuzzi
- Skydeck and mini cinema theatre
- Temperature-controlled swimming pool
- Clubhouse, gymnasium, and indoor games room
- 3-tier security system
Connectivity:
Situated in the heart of Chembur, Rustomjee Balmoral offers seamless connectivity to major transportation routes, including the Eastern Express Highway and Chembur Railway Station. The location also provides easy access to schools, hospitals, shopping centers, and entertainment hubs.
6. Prestige Jasdan Classic
- Location: Mahalaxmi, Mumbai
- Price: ₹3.97 Cr – ₹13.26 Cr
- Configuration: 2, 3 & 4 BHK
- Size: 883 – 2307 Sq. Ft. (Carpet Area)
- Status: Under Construction (Possession by December 2025)
Project Introduction:
Prestige Jasdan Classic is a premium residential development by Prestige Group, located in Mahalaxmi, Mumbai. Spread across approximately 2.14 acres, the project features two elegant towers, each with 45 floors, offering a total of 228 well-designed apartments. These homes are crafted to cater to individuals, couples, and families seeking comfort, style, and convenience.
Highlights:
- Two 45-storey towers with a total of 228 units
- Spacious 2, 3, and 4 BHK apartments with carpet areas ranging from 883 to 2307 sq. ft.
- Panoramic views of the Mahalaxmi Racecourse, Arabian Sea, and Eastern Harbour
- High-speed elevators with limited apartments per floor for enhanced privacy
- Possession expected by December 2025
Amenities:
- Infinity swimming pool
- Fully equipped gymnasium
- Clubhouse with recreational facilities
- Children’s play area
- Landscaped gardens
- Multipurpose hall
- 24×7 security with CCTV surveillance
- Power backup for common areas
Connectivity:
- Located on NM Joshi Marg, Mahalaxmi, Mumbai
- Approximately 1 km from Mahalaxmi Metro Station
- Close proximity to Byculla Railway Station and Eastern Express Highway
- Nearby landmarks include Nair Hospital, Christ Church School, and Phoenix Palladium Mall
5. Godrej Avenue Eleven, Mahalaxmi
- Location: Mahalaxmi, Mumbai
- Price: ₹11.55 Cr – ₹13.37 Cr*
- Configuration: 3 & 4 BHK
- Size: 1650 – 2456 Sq. Ft.
- Status: Under Construction
Project Introduction:
Godrej Avenue Eleven is a premium residential project by Godrej Properties, situated in the upscale neighborhood of Mahalaxmi. The development comprises two towers with configurations of G+6P+68/54 floors, offering spacious 3 and 4 BHK residences. The project is designed to provide a luxurious living experience with modern amenities and panoramic views of the city.
Highlights:
- Located near Saat Rasta, RTO Colony
- Proximity to Mahalaxmi Railway Station (900m) and Nair Hospital (1.1km)
- Easy access to Eastern Express Highway (1.4km)
- RERA Registered: P51900005216
Amenities:
- Grand Clubhouse
- Infinity Edge Pool
- Multiple Playcourts
- Lounge areas
- 0.97 Hectares of Open Spaces
Connectivity:
The project boasts excellent connectivity to key areas of Mumbai, including business hubs, educational institutions, healthcare facilities, and entertainment zones, ensuring a convenient lifestyle for its residents.
4. Shapoorji Pallonji Minerva
- Location: Mahalaxmi, Mumbai
- Price: ₹13.93 Cr onwards
- Configuration: 3.5 & 4 BHK
- Size: 2058 – 2136 Sq. Ft.
- Status: Under Construction
Project Introduction:
Shapoorji Pallonji Minerva is a premium residential development offering spacious apartments with modern amenities. Located in Mahalaxmi, it provides residents with panoramic views and a luxurious lifestyle.
Highlights:
- Spacious 3.5 & 4 BHK apartments
- Modern architectural design
- High-rise towers with panoramic views
Amenities:
- Swimming pool
- Fitness center
- Clubhouse
- Landscaped gardens
Connectivity:
- Close proximity to Mahalaxmi Railway Station
- Easy access to major roadways and business hubs
3. Birla Niyaara
- Location: Worli, Mumbai
- Price: ₹6.49 Cr onwards
- Configuration: 2, 3, 4, 5, 6 & 7 BHK
- Size: 850 – 4206 Sq. Ft. onwards
- Status: Under Construction (Possession by December 2028)
Project Introduction:
Birla Niyaara is a flagship residential project by Birla Estates, offering a range of luxurious apartments and duplexes. Located in Worli, it combines modern living with timeless elegance.
Highlights:
- Spread across a 14-acre township
- LEED Pre-Certified Platinum Residential Project
- Panoramic views of the Arabian Sea and Mumbai skyline
Amenities:
- Infinity pools
- Wellness zones
- Sky terraces
- Multiple clubhouses
Connectivity:
- Proximity to major business districts
- Easy access to upcoming metro lines and roadways
2. Rustomjee Parishram
- Location: Bandra (W), Mumbai
- Price: On Request
- Configuration: 3, 4 & 5 BHK
- Size: 1564 – 3672 Sq. Ft. onwards
- Status: Under Construction
Project Introduction:
Rustomjee Parishram offers a luxurious living experience in the heart of Bandra West. With spacious apartments and top-notch amenities, it caters to those seeking comfort and elegance.
Highlights:
- 20-storey building with 3 residences per floor
- Spacious 3, 4 & 5 BHK apartments
- Located in the upscale Pali Hill neighborhood
Amenities:
- Swimming pool
- State-of-the-art gymnasium
- Landscaped gardens
- Children’s play area
Connectivity:
- Close to Bandra Railway Station
- Easy access to major roads and commercial areas
1. Rustomjee Panorama
- Location: Pali Hill, Mumbai
- Price: ₹13.93 Cr onwards
- Configuration: 4 BHK
- Size: 2535 – 3505 Sq. Ft. onwards
- Status: Under Construction
Project Introduction:
Rustomjee Panorama is a luxurious residential project situated in the upscale neighborhood of Pali Hill. It offers spacious 4 BHK apartments with modern amenities and elegant design.
Highlights:
- Located in the prestigious Pali Hill area
- Spacious 4 BHK residences
- Contemporary architecture
Amenities:
- Swimming pool
- Fitness center
- Children’s play area
- Landscaped gardens
Connectivity:
- Proximity to Bandra Railway Station
- Easy access to major roads and commercial centers
| Rank | Project Name | Location | Price (₹ Cr) | Configuration | Size (Sq. Ft.) | Status |
| 1 | Rustomjee Panorama | Pali Hill | On Request | 4 BHK | 2544 | Under Construction |
| 2 | Rustomjee Parishram | Bandra (W) | On Request | 3, 4 & 5 BHK | 1564 | Under Construction |
| 3 | Birla Niyaara | Worli | On Request | 2, 3, 6 & 7 BHK | 850 | Under Construction |
| 4 | Shapoorji Pallonji Minerva | Mahalaxmi | On Request | 3.5 & 4 BHK | 2058 – 2136 | Under Construction |
| 5 | Godrej Avenue Eleven | Mahalaxmi | 9.90 | 3 & 4 BHK | 1600 | New Launch |
| 6 | Prestige Jasdan Classic | Mahalaxmi | 4.45 | 2, 3 & 4 BHK | 883 | Under Construction |
| 7 | Rustomjee Balmoral | Chembur | 7.65 | 3 & 4 BHK | 1399 | New Launch |
| 8 | Ten BKC | Bandra East | 6.49 | 3, 4 & 5 BHK | 985 | Nearing Possession |
| 9 | Godrej Five Gardens | Matunga | 10.25 | 3 BHK | 1410 – 1496 | Under Construction |
| 10 | Adani Linkbay Residences | Andheri West | 4.56 | 3 & 4 BHK | 1153 | Under Construction |
Advantages of Buying Luxury Apartments in Mumbai
Safety and Security: A Top Priority
Safety is a paramount concern for luxury apartment buyers. Developers are incorporating advanced security features to ensure residents’ peace of mind:
- 24/7 Surveillance: High-definition CCTV cameras monitor common areas and entry points.
- Access Control: Biometric systems and smart card access restrict unauthorized entry.
- Trained Security Personnel: Professional security staff are stationed at key locations to manage and respond to any incidents.
Unobstructed Views of Mumbai’s Skyline
Luxury apartments in Mumbai often offer breathtaking views of the city’s iconic skyline:
- Sea-Facing Apartments: Properties along Marine Drive and Worli Sea Face provide panoramic ocean views.
- High-Rise Buildings: Skyscrapers in areas like Lower Parel and Bandra offer unobstructed cityscapes.
- Green Spaces: Proximity to parks and gardens adds to the visual appeal and provides a serene environment.
Enhanced Connectivity Across the City
Mumbai’s infrastructure developments are significantly improving connectivity:
- Mumbai Metro Expansion: New metro lines are reducing commute times and connecting key areas.
- Coastal Road Project: This initiative is easing traffic congestion and providing faster access to southern Mumbai.
- Trans-Harbour Link: Connecting Navi Mumbai to the mainland, this project is opening up new residential corridors.
Luxurious Amenities Elevating Lifestyle
Luxury apartments come equipped with state-of-the-art amenities that enhance residents’ quality of life:
- Wellness Centers: Gyms, spas, and yoga studios promote a healthy lifestyle.
- Recreational Facilities: Swimming pools, clubhouses, and game rooms provide entertainment options.
- Smart Home Features: Automation systems for lighting, climate control, and security offer convenience and efficiency.
Unparalleled Interiors Reflecting Elegance
The interiors of luxury apartments are designed with meticulous attention to detail:
- Premium Materials: Use of high-quality finishes like marble flooring and designer fixtures.
- Spacious Layouts: Open floor plans that maximize space and natural light.
- Customized Designs: Options for personalization to suit individual tastes and preferences.
Investment Potential and Wealth Preservation
Investing in luxury apartments in Mumbai offers significant financial benefits:
- Appreciation: Properties in prime locations have shown consistent value growth.
- Rental Income: High demand for luxury rentals ensures steady income streams.
- Asset Diversification: Real estate serves as a tangible asset, balancing investment portfolios.
Infrastructure Projects Driving Growth
Ongoing infrastructure projects are enhancing the appeal of luxury apartments:(barrons.com)
- Mumbai Coastal Road: Improving accessibility and reducing travel time.(rustomjee.com)
- Navi Mumbai International Airport: Expected to boost property values in surrounding areas.
- Smart City Initiatives: Integrating technology to improve urban living standards.
Prime Locations Offering Exclusive Living
Luxury apartments are situated in Mumbai’s most sought-after neighborhoods:
- South Mumbai: Known for its heritage buildings and proximity to business districts.
- Bandra: A blend of cultural charm and modern amenities.
- Worli: Offers sea-facing apartments and easy access to commercial hubs.
Frequently Asked Questions (FAQs)
Q: What defines a luxury apartment in Mumbai?
A: Prime location, premium finishes, and top-class amenities set them apart.
Q: Are luxury apartments a good investment?
A: Yes, they offer strong returns through appreciation and rentals.
Q: Which areas are best for luxury homes?
A: South Mumbai, Bandra, Juhu, and Worli lead the list.
Q: What kind of amenities do they include?
A: Expect pools, gyms, concierge, and smart tech features.
Q: How secure are these homes?
A: They have CCTV, guards, and access-controlled entry.
Q: Can buyers customize interiors?
A: Many builders allow layout and design personalization.
Q: What’s the starting price range?
A: Prices usually begin from a few crores and go up.
Q: Do these homes offer tax perks?
A: Yes, you can claim deductions on interest and taxes.
Q: Can NRIs invest in them?
A: Absolutely, NRIs can buy luxury apartments in India.
Q: Is resale value good?
A: Properties in top areas fetch high resale prices.
Q: Are they ideal for families?
A: Yes, they offer large spaces and child-friendly facilities.
Q: Is financing an option?
A: Home loans are easily available for luxury homes.
Q: Who handles maintenance?
A: Dedicated property managers take care of it.
Q: How is the occupancy rate?
A: High demand keeps occupancy levels strong.
Q: Any upcoming projects worth noting?
A: Several new premium developments are launching soon.