₹10 crore will get buyers smaller homes in Mumbai than 2020: Wealth Report 2026

A budget of $1 million now buys less real estate in Mumbai compared to five years ago, due to limited land availability, coastal constraints and strong global investor appeal. This decrease in purchasing capability is in contrast to other Indian metros, where affordability has improved. In Delhi and Bengaluru, the area purchasable for $1 million increased marginally between 2020 and 2025. Mumbai remains India's wealth hub, accounting for 35.4% of the country's ultra-wealthy population.