Property Prices in Mumbai, India

Index Info
Price to Income Ratio: 26.90
Mortgage as Percentage of Income: 292.70%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 37.79
Price to Rent Ratio - Outside of Centre: 34.26
Gross Rental Yield (City Centre): 2.65%
Gross Rental Yield (Outside of Centre): 2.92%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 56,815.29 ₹ 35,000.00-90,000.00
Apartment (1 bedroom) Outside of Centre 30,412.67 ₹ 20,000.00-45,000.00
Apartment (3 bedrooms) in City Centre 153,032.24 ₹ 100,000.00-300,000.00
Apartment (3 bedrooms) Outside of Centre 75,512.82 ₹ 50,000.00-125,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 53,242.91 ₹ 39,999.67-92,902.27
Price per Square Feet to Buy Apartment Outside of Centre 24,724.44 ₹ 18,580.45-29,999.75
Salaries And Financing
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Average Monthly Net Salary (After Tax) 77,984.13 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.11 7.60-10.20

These data are based on 536 entries in the past 18 months from 96 different contributors.
Last update: February 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