NUMBEO

Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 32.19
Mortgage as Percentange of Income: 352.43%
Loan Affordability Index: 0.28
Price to Rent Ratio - City Centre: 45.02
Price to Rent Ratio - Outside of Centre: 34.12
Gross Rental Yield (City Centre): 2.22%
Gross Rental Yield (Outside of Centre): 2.93%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 36,515.15 Rs 22,000.00-60,000.00
Apartment (1 bedroom) Outside of Centre 18,865.72 Rs 10,000.00-28,000.00
Apartment (3 bedrooms) in City Centre 102,000.00 Rs 55,000.00-200,000.00
Apartment (3 bedrooms) Outside of Centre 43,838.23 Rs 25,000.00-70,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 41,595.08 Rs 24,999.79-69,999.42
Price per Square Feet to Buy Apartment Outside of Centre 14,755.11 Rs 7,999.93-24,999.79
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 47,106.70 Rs
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.20 8.30-12.00

These data are based on 1067 entries in the past 12 months from 165 different contributors.
Last update: August 2018

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3 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)