Property Prices in Navi Mumbai, India

Index Info
Price to Income Ratio: 11.65
Mortgage as Percentage of Income: 116.06%
Loan Affordability Index: 0.86
Price to Rent Ratio - City Centre: 39.88
Price to Rent Ratio - Outside of Centre: 30.44
Gross Rental Yield (City Centre): 2.51%
Gross Rental Yield (Outside of Centre): 3.29%
Rent Per Month
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Apartment (1 bedroom) in City Centre 24,777.78 ₹ 20,000.00-50,000.00
Apartment (1 bedroom) Outside of Centre 16,000.00 ₹ 10,000.00-25,000.00
Apartment (3 bedrooms) in City Centre 53,125.00 ₹ 35,000.00-100,000.00
Apartment (3 bedrooms) Outside of Centre 40,625.00 ₹ 25,000.00-60,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 21,749.82 ₹ 19,999.83-24,999.79
Price per Square Feet to Buy Apartment Outside of Centre 11,695.16 ₹ 9,499.92-14,585.66
Salaries And Financing
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Average Monthly Net Salary (After Tax) 77,222.22 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.89 6.70-9.00

These data are based on 86 entries in the past 18 months from 14 different contributors.
Last update: February 2023

Sources and References
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