Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 31.06
Mortgage as Percentage of Income: 322.66%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 33.90
Price to Rent Ratio - Outside of Centre: 30.11
Gross Rental Yield (City Centre): 2.95%
Gross Rental Yield (Outside of Centre): 3.32%
Rent Per Month
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1 Bedroom Apartment in City Centre ₹61,846.15 45,000.00-90,000.00
1 Bedroom Apartment Outside of City Centre ₹34,500.00 25,000.00-50,000.00
3 Bedroom Apartment in City Centre ₹191,896.55 100,000.00-400,000.00
3 Bedroom Apartment Outside of City Centre ₹81,666.67 55,000.00-120,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre ₹56,332.97 46,822.74-79,999.33
Price per Square Feet to Buy Apartment Outside of Centre ₹24,039.78 14,999.88-44,999.63
Salaries And Financing
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Average Monthly Net Salary (After Tax) ₹69,623.08
Annual Mortgage Interest Rate (20-Year Fixed, in %) 8.46 8.00-9.00

These data are based on 286 entries from 43 contributors over the past 12 months.
Last update: 15 June 2026

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