Property Prices in Panaji, India

Index Info
Price to Income Ratio: 21.35
Mortgage as Percentage of Income: 242.85%
Loan Affordability Index: 0.41
Price to Rent Ratio - City Centre: 22.92
Price to Rent Ratio - Outside of Centre: 23.12
Gross Rental Yield (City Centre): 4.36%
Gross Rental Yield (Outside of Centre): 4.33%
Rent Per Month
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1 Bedroom Apartment in City Centre ₹16,666.67 15,000.00-20,000.00
1 Bedroom Apartment Outside of City Centre ₹12,666.67 10,000.00-18,000.00
3 Bedroom Apartment in City Centre ₹33,333.33 25,000.00-40,000.00
3 Bedroom Apartment Outside of City Centre ₹24,666.67 20,000.00-29,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre ₹8,128.95 7,432.18-8,361.20
Price per Square Feet to Buy Apartment Outside of Centre ₹6,154.78 5,574.14-6,503.16
Salaries And Financing
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Average Monthly Net Salary (After Tax) ₹18,000.00
Annual Mortgage Interest Rate (20-Year Fixed, in %) 9.74 8.00-10.50

These data are based on 34 entries from 6 contributors over the past 18 months.
Last update: 6 May 2026

Sources and References
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