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Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 31.23
Mortgage as Percentange of Income: 363.80%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 45.84
Price to Rent Ratio - Outside of Centre: 35.13
Gross Rental Yield (City Centre): 2.18%
Gross Rental Yield (Outside of Centre): 2.85%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 37,259.13 Rs 25,000.00-55,000.00
Apartment (1 bedroom) Outside of Centre 18,904.33 Rs 12,000.00-30,000.00
Apartment (3 bedrooms) in City Centre 105,267.21 Rs 60,000.00-150,000.00
Apartment (3 bedrooms) Outside of Centre 45,628.29 Rs 25,000.00-70,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 43,495.97 Rs 24,999.79-69,999.42
Price per Square Feet to Buy Apartment Outside of Centre 15,527.38 Rs 9,999.92-24,999.79
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 50,852.38 Rs
Mortgage Interest Rate in Percentages (%), Yearly 10.08 9.00-12.00

These data are based on 728 entries in the past 12 months from 106 different contributors.
Last update: May 2017

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5 Comments so far

#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
#Bhatt Balmukund on Nov 28, 2015 :
Why to buy flats in mumbai when the flat/property price is higest on this earth and compare to property price rental is lowest in mumbai on this planate by name earth so it is always better to go on rental which is apx max 2% per year of property price
#ApurvaS on Jun 15, 2015 :
Need to know the approx RENT value for 1 square feet in GOREGAON WEST.

Exact address - Main M.G road (Towards Link Road)
#Harsh on Apr 10, 2014 :
Yes I agree. This city is certainly overvalued. .. but it is difficult to predict when prices will correct. In an illiquid market prices can diverge from fundamentals for s lomg time.
##mumbaika on Aug 01, 2013 :
Mumbai sucks with one of the worst property price to income ratio in the world and still giving you zilch on quality of life front as Public utilities are crumbling. If you look on PPP basis it is likely to be amongst the most expensive city on the planet despite the fact that it lies in one of the most poverty inflicted nations on earth. The only positive point about the city is the relatively better work ethics(compared to other Indian cities). Mumbai is the actual Maximum city with maximum prices,maximum regulation, maximum population density.
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