News: Mumbai Prime Home Values Up 1.4% in H1, Ahead of Singapore-20-08-2026
Capital values in Mumbai’s prime residential market rose 1.4% in the six months to June 2026, against 0.4% in Singapore, according to Savills’ World Cities Prime Residential Index H1 2026. Prime rents in the city rose 1.2%, marginally ahead of the global average.
Within Asia Pacific, Mumbai trailed Seoul, where capital values rose 4.1%, and Kuala Lumpur, which recorded 2% growth. Across the 30 cities Savills tracks, average prime capital values increased 0.6% and rents 1.1%, and 60% of cities saw positive capital value growth despite economic and geopolitical uncertainty.
At $1,130 per sq ft, Mumbai’s prime market remains competitive with established global cities, the report noted. It said redevelopment and better connectivity are reinforcing the market. The Atal Setu, the Mumbai Coastal Road and the expanding Metro network are reshaping access, while the Navi Mumbai International Airport and improved links with Navi Mumbai are widening the residential catchment. The Mumbai-Nagpur Samruddhi Mahamarg is strengthening ties with wider Maharashtra.
For H2 2026, Savills forecasts capital value growth of 0%-1.9% for Mumbai, compared with an average of 0.5% across the 30 cities. Globally, 16 cities are expected to see growth, 10 to stay flat and four to decline.
After several years of strong appreciation, the city’s luxury buyers are becoming more discerning, with decisions tied more closely to the quality and positioning of individual assets than to market-wide gains.
Shveta Jain, Managing Director, Residential Services, Savills India, said redevelopment is reshaping established neighbourhoods and unlocking constrained land parcels, and that the shift from ageing stock to well-planned, amenity-rich developments is setting a new quality benchmark. She said the growing selectivity points to a maturing market, with more emphasis on asset quality, location, lifestyle proposition and long-term value, and expects this to continue through the rest of 2026.
According to Savills, prime rents globally have outperformed capital values since mid-2022, as affordability constraints, economic uncertainty and deferred purchases have supported rental demand.
