Godrej Trilogy Seafront Tops Mumbai Luxury Sales in H1 FY27; Godrej Ranks First Among Developers

What happened

A half-yearly report titled The Luxury Real Estate Market Decoded, released by Lighthouse Luxury and based on Zapkey registration data, ranked projects and developers in Mumbai's luxury segment for April to September 2026. Coverage of the report appeared on 26 and 27 October 2026.

Godrej Trilogy Seafront in Worli ranked first among projects by registered sales value, with 54 homes sold for a combined ₹1,199 crore. Godrej Properties ranked first among developers with ₹2,360 crore across 207 homes in the same six months.

Projects and developers are ranked by total registered value, not by the number of units sold. Luxury is defined as registered residential sales of ₹5 crore or more.

The numbers behind the ranking

• Godrej Trilogy Seafront: 54 homes, ₹1,199 crore. Average of about ₹22.2 crore per registered home, a desk calculation from the reported totals.
• Godrej Properties: 207 homes, ₹2,360 crore. Average of about ₹11.4 crore per registered home, a desk calculation from the reported totals.
• Oberoi Realty: ₹1,818 crore. Lodha Developers: ₹1,741 crore.
• Naman Xana, Worli (not a Godrej project): three homes sold for a combined ₹456 crore, an average of ₹152 crore per home, the highest average among the top ten projects by value.

The report also lists Godrej Reserve in Kandivali among the top ten projects, with ₹412 crore of registered sales. Reported totals for the top ten differ between coverage pieces, so this article does not use a combined top-ten figure.

Worli and the wider Mumbai market

Worli is Mumbai's largest luxury micro-market by transaction volume and value in the period. Its 275 deals were worth ₹5,558 crore, an average of about ₹20.2 crore per home, and about 17% of total luxury value in the region.

Worli transaction value rose 9.9% quarter on quarter in the second quarter of FY27. Quarter-on-quarter growth was 44.3% in Lower Parel, 46.5% in Malabar Hill, 33% in Bandra West and 19.6% in Juhu. Andheri West and Versova roughly doubled in value from the first quarter to the second, and Tardeo grew 125%.

Across the Mumbai region, second-quarter registrations rose 10.5% to 1,651 and value rose 17.1% to ₹17,600 crore, or about ₹191 crore a day. July was the strongest month, with 618 homes worth ₹6,669 crore. The region averaged more than 17 homes priced at ₹5 crore or more per day.

Luxury rentals

Eight homes were leased at ₹20 lakh a month or more between June and September 2026, seven of them to companies. The highest rent was ₹28.50 lakh a month at Oberoi 360 West in Worli, equal to ₹3.42 crore a year.

What it means for buyers and investors

For buyers: These figures are registration-based estimates from press coverage of the report. They are not developer booking figures, and they cover the Mumbai region only. Ranking by value favours high-ticket projects, so a top rank does not measure unit volume or buyer demand at a given price point.

For investors: Worli's average of about ₹20.2 crore per home indicates a high ticket size. The Naman Xana average of ₹152 crore shows how wide the top end of the market is. Lighthouse PropTech founder Sumesh Mishra said confidence at the top of the market has returned and that deals above ₹50 crore more than doubled. He said growth is spreading beyond Worli.

About Godrej Trilogy in Worli

Godrej Trilogy is a residential project at AB Nair Road, Worli, Mumbai 400018. Phase 1 includes two towers, Seaturf and Seafront, which together sit on about 2.63 acres according to Godrej's launch release. Seaturf is listed at 44 floors and Seafront at 77 floors, though some listings give different floor counts. Homes are 3 and 4 BHK, with three apartments per floor.

The project was launched in November 2025. Godrej said nearly 100 homes had sold since launch and that Phase 1 sales exceeded ₹2,000 crore by 2 February 2026. Opened inventory was about ₹3,500 crore. The project is under construction. Its leisure and wellness section spans five levels and includes a rooftop infinity pool, spa, sky lounge, bowling alley, ballroom and café.

Registration numbers for the phase are MahaRERA PR1171012501309 (Seafront) and PR1171012501267 (Seaturf). Buyers should check the possession date and the RERA details on the MahaRERA portal before booking.

Godrej Properties' wider Mumbai pipeline

Godrej Properties Ltd is Mumbai-based and listed on the BSE and NSE. Gaurav Pandey is its managing director and CEO. As of October 2026, the company's reported Mumbai pipeline stands at ₹42,100 crore, with pre-sales above ₹34,000 crore.

On 28 September 2026, Godrej signed an agreement to develop a 2.5-acre sea-facing project in Marine Lines, south Mumbai. The land was acquired from Man Infraconstruction and Shreepati Group. Expected revenue is about ₹6,000 crore, roughly $625 million. In FY26, the company added about 20 land parcels with combined revenue potential of ₹42,000 crore, with Mumbai the main focus.

What comes next

• The report's author expects the second half of FY27 (October 2026 to March 2027) to build on the first half.
• The Marine Lines project is at the agreement stage, and no launch date has been announced.
• For Trilogy, the next check is the possession date and RERA status on the MahaRERA portal, since sources disagree on dates. No dated official milestone for the remaining towers has been announced.