In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

Hyderabad's residential market is changing. Hyderabad Luxury property sales and launches dominate the market. Mid-end units made up more than half of yearly sales until 2021, but this trend has changed.

K Raheja Corp-backed Mindspace Business Parks REIT aims to create an 8 lakh-square-foot mixed-use building with commercial offices and a luxury hotel in its Airoli east business park in Mumbai.

A Hyderabad luxury residence bought by Metamor Software Solutions directors Meghna Dilip Bhanushali and Tummala Vipul Reddy for INR 48 crore is one of the city's most costly residential transactions in recent years.