Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 30.33
Mortgage as Percentage of Income: 330.43%
Loan Affordability Index: 0.30
Price to Rent Ratio - City Centre: 36.33
Price to Rent Ratio - Outside of Centre: 34.92
Gross Rental Yield (City Centre): 2.75%
Gross Rental Yield (Outside of Centre): 2.86%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 58,595.42 ₹ 40,000.00-90,000.00
Apartment (1 bedroom) Outside of Centre 29,600.17 ₹ 20,000.00-45,000.00
Apartment (3 bedrooms) in City Centre 156,522.96 ₹ 100,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 74,684.21 ₹ 50,000.00-150,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 52,553.26 ₹ 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
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Average Monthly Net Salary (After Tax) 68,584.91 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.13 8.00-12.00

These data are based on 511 entries in the past 18 months from 81 different contributors.
Last update: March 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