Property Prices in Mumbai, India
| Index |  |
|---|---|
| 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 ₹ | |
| Apartment (1 bedroom) Outside of Centre | 24,960.78 ₹ | |
| Apartment (3 bedrooms) in City Centre | 119,479.17 ₹ | |
| Apartment (3 bedrooms) Outside of Centre | 61,960.00 ₹ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 45,596.23 ₹ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 21,217.46 ₹ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 53,998.59 ₹ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.19 |
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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Nearby cities:| Property Prices in Navi Mumbai | 16.01 miles |
| Property Prices in Kalyan | 30.83 miles |
| Property Prices in Pune | 94.83 miles |
| Property Prices in Navsari | 156.83 miles |
| Property Prices in Mandangad | 172.31 miles |
| Property Prices in Surat | 180.81 miles |
| Property Prices in Aurangabad | 231.51 miles |
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Leave a comment: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.