Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 33.30
Mortgage as Percentage of Income: 338.90%
Loan Affordability Index: 0.30
Price to Rent Ratio - City Centre: 41.25
Price to Rent Ratio - Outside of Centre: 35.83
Gross Rental Yield (City Centre): 2.42%
Gross Rental Yield (Outside of Centre): 2.79%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 44,850.00 ₹ 30,000.00-88,000.00
Apartment (1 bedroom) Outside of Centre 24,960.78 ₹ 20,000.00-40,000.00
Apartment (3 bedrooms) in City Centre 119,479.17 ₹ 75,000.00-225,000.00
Apartment (3 bedrooms) Outside of Centre 61,960.00 ₹ 40,000.00-120,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 45,596.23 ₹ 29,999.75-69,676.70
Price per Square Feet to Buy Apartment Outside of Centre 21,217.46 ₹ 14,999.88-37,160.91
Salaries And Financing
Average Monthly Net Salary (After Tax) 53,998.59 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.19 7.00-10.00

These data are based on 570 entries in the past 12 months from 92 different contributors.
Last update: March 2023

Sources and References
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2 Comments so far
Palash on Sep 05, 2022:
It is wise to calculate IRR before going for purchasing a property
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.