India, March 31 -- Apartments with resort-like amenities now dominate the ultra-luxury housing segment, redefining the concept of trophy residences, which were once synonymous with independent houses like bungalows and villas. Mumbai and Delhi NCR continue to dominate the housing demand for exclusive residences, a study by JLL has said.

Over the past three years, Rs.7,500 crore has been invested in 49 ultra-luxury homes, each priced at Rs.100 crore and more, with nearly Rs.3,652 crore invested in 2024 alone. In the first two months of 2025, four ultra-luxury homes were sold, totaling Rs.850 crore, it said.

Of these 49 homes sold during the last three years, Mumbai comprised 69% share followed by Delhi NCR, it said.

Apartments priced at...