Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 28.11
Mortgage as Percentage of Income: 303.26%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 38.94
Price to Rent Ratio - Outside of Centre: 35.59
Gross Rental Yield (City Centre): 2.57%
Gross Rental Yield (Outside of Centre): 2.81%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 57,387.08 ₹ 35,000.00-90,000.00
Apartment (1 bedroom) Outside of Centre 32,251.35 ₹ 20,000.00-50,000.00
Apartment (3 bedrooms) in City Centre 158,254.55 ₹ 100,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 76,425.53 ₹ 50,000.00-125,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 56,144.43 ₹ 39,999.67-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 26,581.20 ₹ 19,999.83-39,999.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 79,197.74 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.99 7.60-10.00

These data are based on 514 entries in the past 18 months from 90 different contributors.
Last update: December 2024

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