Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 37.72
Mortgage as Percentage of Income: 405.96%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 48.69
Price to Rent Ratio - Outside of Centre: 47.18
Gross Rental Yield (City Centre): 2.05%
Gross Rental Yield (Outside of Centre): 2.12%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 46,029.55 ₹ 30,000.00-80,000.00
Apartment (1 bedroom) Outside of Centre 25,928.18 ₹ 15,000.00-45,586.20
Apartment (3 bedrooms) in City Centre 148,416.12 ₹ 78,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 72,099.66 ₹ 40,000.00-125,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 61,603.75 ₹ 39,999.67-89,999.25
Price per Square Feet to Buy Apartment Outside of Centre 30,874.60 ₹ 18,580.45-39,999.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 65,969.55 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.95 7.00-11.00

These data are based on 419 entries in the past 12 months from 73 different contributors.
Last update: February 2024

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