Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 32.86
Mortgage as Percentage of Income: 337.75%
Loan Affordability Index: 0.30
Price to Rent Ratio - City Centre: 42.27
Price to Rent Ratio - Outside of Centre: 31.81
Gross Rental Yield (City Centre): 2.37%
Gross Rental Yield (Outside of Centre): 3.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 41,718.78 ₹ 30,000.00-75,000.00
Apartment (1 bedroom) Outside of Centre 22,415.38 ₹ 15,000.00-35,000.00
Apartment (3 bedrooms) in City Centre 119,871.79 ₹ 80,000.00-200,000.00
Apartment (3 bedrooms) Outside of Centre 55,382.72 ₹ 35,000.00-90,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 45,336.57 ₹ 27,870.68-83,612.04
Price per Square Feet to Buy Apartment Outside of Centre 16,876.43 ₹ 8,999.93-29,999.75
Salaries And Financing
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Average Monthly Net Salary (After Tax) 50,954.59 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.32 6.75-10.00

These data are based on 760 entries in the past 12 months from 124 different contributors.
Last update: July 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.