Property Prices in Mumbai, India

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Index Info
Price to Income Ratio: 28.75
Mortgage as Percentage of Income: 314.72%
Loan Affordability Index: 0.32
Price to Rent Ratio - City Centre: 36.33
Price to Rent Ratio - Outside of Centre: 34.67
Gross Rental Yield (City Centre): 2.75%
Gross Rental Yield (Outside of Centre): 2.88%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 58,140.00 ₹ 40,000.00-100,000.00
Apartment (1 bedroom) Outside of Centre 29,698.04 ₹ 20,000.00-50,000.00
Apartment (3 bedrooms) in City Centre 157,780.18 ₹ 90,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 75,473.68 ₹ 50,000.00-150,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 52,601.45 ₹ 39,999.67-79,999.33
Price per Square Feet to Buy Apartment Outside of Centre 24,739.99 ₹ 17,999.85-34,999.71
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 72,382.98 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.19 7.60-12.00

These data are based on 485 entries from 72 contributors over the past 18 months.
Last update: April 2025

Sources and References
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1 Comments so far
Palash on Sep 05, 2022:
It is wise to calculate IRR before going for purchasing a property