Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 36.05
Mortgage as Percentage of Income: 375.64%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 39.95
Price to Rent Ratio - Outside of Centre: 31.29
Gross Rental Yield (City Centre): 2.50%
Gross Rental Yield (Outside of Centre): 3.20%
Rent Per Month
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Apartment (1 bedroom) in City Centre 44,275.39 ₹ 30,000.00-70,000.00
Apartment (1 bedroom) Outside of Centre 23,279.41 ₹ 15,000.00-38,000.00
Apartment (3 bedrooms) in City Centre 125,000.00 ₹ 80,000.00-200,000.00
Apartment (3 bedrooms) Outside of Centre 59,495.14 ₹ 35,000.00-100,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 45,025.66 ₹ 27,870.68-79,999.33
Price per Square Feet to Buy Apartment Outside of Centre 17,554.35 ₹ 8,999.93-31,999.73
Salaries And Financing
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Average Monthly Net Salary (After Tax) 46,707.96 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.51 6.90-10.50

These data are based on 787 entries in the past 12 months from 122 different contributors.
Last update: May 2021

Sources and References
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1 Comments so far
Anonymous on Sep 27, 2019:
The whole concept of owning a house is turned upside down in past few years. In coming years, Mumbai would be a rental hub.