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Home Loan Starting 6.70%*

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Property Rates & Price Trends in Mumbai

While Mumbai does have the reputation of being a real estate Mecca, it also means that land and real estate is that much costlier. Price differs based on several factors – the flat configuration, locality, project amenities, demand and the region’s supply.

Property Size Avg rent Average property price
1BHK Rs.30,000 Rs.1.5 crore
2BHK Rs.50,000 Rs.2.5 crore
3BHK Rs.80,000 Rs.4 crore

However, aspiring homebuyers do have plenty of options in the city that fit their budgets and is well within their reach. Listed below are some of the Mumbai Micromarkets that have enjoyed immense popularity over the last decade.

Vasai-Virar

Vasai–Virar is an area that has held its charm and has witnessed leaps in demand for housing.

Mira Road

Those who are seeking affordable housing options need not look beyond Mira Road-Bhayander. Mira Road is relatively less populated -- this is one of the main reasons why many aspiring homebuyers are looking to purchase a property at Mira Road.

Ulwe

Navi Mumbai is an area that is much in demand for both affordable as well as luxury housing choices. While Chembur, Vashi, and Panvel are areas where housing prices continue to skyrocket, towns that have developed recently like Ulwe are some of the rising stars.

For Buying:

Location Average property price (per sq. ft.)
Ulwe Rs.6,463
Virar West Rs.5,502
Kharghar Rs.7,666
Dombivali East Rs.6,163
Andheri West Rs.24,045
Kalyan West Rs.6,892
Chembur Rs.22,936
Borivali West Rs.21,712
Mira Road East Rs.8,521
Thane West Rs.13,342

Current Property Rate in Mumbai, Maharashtra

Below we have listed the broad costs of the more popular regions inside the Mumbai Metropolitan Region.

  • Property prices in Mumbai's Thane are between Rs.6,000 per sq. ft. and Rs.14,500 per sq. ft.
  • In South Mumbai, the lowest price is Rs.27,000 per sq. ft. and can go up to about Rs.57,000 per sq. ft.
  • In the South West region and Mumbai-Andheri-Dahisar, the property prices are within Rs.3,000 and Rs.8,000 per sq. ft.

Bajaj Housing Finance's loan against property can help fund any dream home in Mumbai. Not only are our loan rates affordable but our application process is straightforward. Those interested can walk into one of Bajaj Housing Finance's branches or apply using the application form available on our website. The form requires one to submit their details, after which a call back is arranged for within 24 hours* to help applicants with the next steps.