Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 34.94
Mortgage as Percentage of Income: 375.24%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 44.74
Price to Rent Ratio - Outside of Centre: 42.48
Gross Rental Yield (City Centre): 2.24%
Gross Rental Yield (Outside of Centre): 2.35%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 50,245.21 ₹ 30,000.00-100,000.00
Apartment (1 bedroom) Outside of Centre 28,530.93 ₹ 17,000.00-60,000.00
Apartment (3 bedrooms) in City Centre 152,706.23 ₹ 80,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 73,032.14 ₹ 45,000.00-125,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 59,684.05 ₹ 39,999.67-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 29,233.92 ₹ 18,580.45-39,999.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 68,475.67 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.92 7.00-11.00

These data are based on 435 entries in the past 18 months from 68 different contributors.
Last update: April 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