Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 26.15
Mortgage as Percentage of Income: 254.08%
Loan Affordability Index: 0.39
Price to Rent Ratio - City Centre: 43.71
Price to Rent Ratio - Outside of Centre: 38.87
Gross Rental Yield (City Centre): 2.29%
Gross Rental Yield (Outside of Centre): 2.57%
Rent Per Month
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Apartment (1 bedroom) in City Centre 40,270.83 ₹ 28,000.00-60,000.00
Apartment (1 bedroom) Outside of Centre 22,750.00 ₹ 15,000.00-34,500.00
Apartment (3 bedrooms) in City Centre 117,450.98 ₹ 75,000.00-180,000.00
Apartment (3 bedrooms) Outside of Centre 52,885.01 ₹ 34,000.00-80,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 45,642.91 ₹ 29,999.75-64,736.46
Price per Square Feet to Buy Apartment Outside of Centre 20,277.58 ₹ 14,999.88-29,999.75
Salaries And Financing
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Average Monthly Net Salary (After Tax) 67,830.08 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.57 6.50-9.00

These data are based on 544 entries in the past 12 months from 85 different contributors.
Last update: August 2022

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.