Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 34.22
Mortgage as Percentage of Income: 362.20%
Loan Affordability Index: 0.28
Price to Rent Ratio - City Centre: 39.97
Price to Rent Ratio - Outside of Centre: 32.01
Gross Rental Yield (City Centre): 2.50%
Gross Rental Yield (Outside of Centre): 3.12%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 41,600.00 ₹ 30,000.00-70,000.00
Apartment (1 bedroom) Outside of Centre 21,655.41 ₹ 15,000.00-35,000.00
Apartment (3 bedrooms) in City Centre 123,283.58 ₹ 75,000.00-200,000.00
Apartment (3 bedrooms) Outside of Centre 55,492.54 ₹ 30,000.00-100,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 43,512.05 ₹ 27,870.68-79,999.33
Price per Square Feet to Buy Apartment Outside of Centre 16,730.57 ₹ 9,999.92-29,999.75
Salaries And Financing
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Average Monthly Net Salary (After Tax) 47,377.26 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.72 7.00-11.00

These data are based on 844 entries in the past 12 months from 126 different contributors.
Last update: January 2021

Sources and References
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2 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.
Anonymous on Apr 08, 2017:
Average Monthly Net Salary (After Tax) Rs.51,332.23 ,and bank give max loan up to your years salary so average mumbaikar is eligible for apx 37 lac for bank loan and average house cost in mumbai is 2 cr this market cant sustain longer it has to come down and alredy 40000 society signed agreement for redevelopment and all multi story high rise bldg going to fluad mumbai market