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Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 28.26
Mortgage as Percentange of Income: 323.74%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 44.35
Price to Rent Ratio - Outside of Centre: 35.36
Gross Rental Yield (City Centre): 2.25%
Gross Rental Yield (Outside of Centre): 2.83%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 37,607.11 Rs 25,000.00-52,000.00
Apartment (1 bedroom) Outside of Centre 18,584.56 Rs 12,000.00-25,000.00
Apartment (3 bedrooms) in City Centre 107,247.19 Rs 60,000.00-150,000.00
Apartment (3 bedrooms) Outside of Centre 45,558.61 Rs 28,000.00-70,000.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 42,697.95 Rs 27,870.68-77,777.35
Price per Square Feet to Buy Apartment Outside of Centre 15,487.99 Rs 7,999.93-21,999.82
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 55,399.41 Rs
Mortgage Interest Rate in Percentages (%), Yearly 9.84 8.60-12.00

These data are based on 731 entries in the past 12 months from 113 different contributors.
Last update: September 2017

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4 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.
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