- Recently Added
3 BHK Flat for Sale in Mulund West, Mumbai
₹ 3.25 Cr
- Under Construction
- 977 Sq.Ft. (Built-up Area)
Find the picture-perfect 3 BHK flats for sale in Mumbai in popular and posh localities on Square Yards. You can find 3 BHK flats in Mumbai for sale with top-notch amenities in prominent localities like Sion, Malad East, Andheri West, Malad West and Chembur. Choose from furnished and semi-furnished 3 BHK in Mumbai, catering to your preferences and family requirements. Discover a peaceful lifestyle surrounded by parks, schools, and malls nearby, striking a perfect balance between comfort and city convenience.
₹ 3.25 Cr
₹ 2.95 Cr
Discover your dream home in the heart of Chandivali, Mumbai, with this exquisite 3bedroom Flats in the prestigious Shrishti Synchronicity project. Priced at 2.95 crore, this spacious 1340 square feet residence offers a perfect blend of luxury and comfort, making it an ideal choice for families and investors alike.Situated on the 7th floor of an 18story building, this apartment boasts a
₹ 28 Cr
Discover luxury living in the heart of Mumbai with this stunning 3bedroom Flats, nestled in the prestigious Provenance Four Seasons Private Residences in Worli.Spanning an impressive 3,100 square feet, this unfurnished residence offers a spacious layout that is perfect for creating your dream home. Situated on the 25th floor of a remarkable 60floor building, you will enjoy breathtaking road views
DLF The Westpark marks the legendary developer’s grand foray into Mumbai’s luxury real estate landscape. Nestled in the heart of Andheri West, this iconic development brings together timeless elegance, panoramic views, and landmark architecture. This first-ever Mumbai offering by DLF features the exclusive release of Towers 2, currently open for booking. Designed for connoisseurs of refinement, it offers spacious 3 & 4 BHK residences, lavish duplexes, and ultra-limited penthouses, all with no back-facing units, Vastu-compliant layouts, and elite lifestyle integration.This is more than a home, it’s a new landmark of luxury and distinction in one of Mumbai’s highest potential zones. With only a limited inventory in a low-supply premium market, early-stage buyers stand to benefit from first-mover capital appreciation and steady rental yield potential.Exemplary Design & AmenitiesUnit Configurations: 3 & 4 BHK, Duplexes, and Penthouses | Carpet Area: From 1,126 to 2,239 sq. ft.Total Units: 416 | Project Area: 18 Acres (Phase-wise Development)RERA Number: PR1181012500079Natural Imported Marble Flooring in living areas and bathroomsCentral VRF Air Conditioning in the living, dining, bedroom, and kitchen areasPrivate Elevators, Double-Glazed Windows, and Sound InsulationDesigner Kitchens & Bathrooms with branded CP fittings and glass partitionsClub-Class Living: Grand clubhouse, indoor games, library, guest suitesSky Lounge, Banquet...
₹ 7.1 Cr
Discover an exquisite opportunity to own a stunning Flats in the heart of Goregaon East, Mumbai.This beautifully furnished 3bedroom residence, located within the prestigious Oberoi Realty Exquisite, spans an impressive 1340 square feet. Priced at 7.1 crore, this property is perfect for discerning buyers looking for a blend of luxury and comfort.With 3 wellappointed bathrooms, this apartment offers ample space
₹ 5.15 Cr
Discover an exquisite Flats for sale in the vibrant locality of Santacruz West, Mumbai, nestled within the esteemed New Diamond Palace project.This beautifully furnished residence spans an impressive 1300 square feet, offering ample space for comfortable living. With three spacious bedrooms and four wellappointed bathrooms, this home is designed to accommodate the needs of families or individuals who value both
Godrej Skyshores is an ultra-premium residential project by Godrej Properties, strategically located in the heart of Versova, Mumbai. Spread across approximately 1.98 acres, the project features two elegant towers with around 148 exclusive residences. It offers spacious 3 and 4 BHK apartments, each designed with expansive balconies, large windows, and high-end finishes. Many homes provide panoramic views of the Arabian Sea and Mumbai’s city skyline.EXEMPLARY DESIGN & AMENITIESUnit Config: 3 & 4 BHK Flats | Size: 1500 Sq. Ft. to 2500 Sq. Ft. (Carpet)Number of Units: 148 | Total Area: ~1.98 AcresRERA Number: PM1180002500076Sea-facing residences start from the 7th floor upwardsSpacious decks or balconies for outdoor livingVastu-compliant layoutsPremium branded fittings and finishesEco-friendly construction elementsSports & FitnessInfinity-edge swimming poolFully equipped gymnasiumJogging trackYoga pavilionMultipurpose sports courtRecreation & LeisureGrand clubhouse for events and social gatheringsLandscaped gardens and open spacesBanquet hall and luxurious lobbyIndoor games roomCommon garden areasChildren & FamilyDedicated children play areaKids activity zoneFamily decks for bonding and relaxationWellnessSpa and saunaMeditation zonesRelaxation areasConvenience & Security24x7 CCTV surveillanceAmple parking for residents and visitorsWi-Fi-enabled common zonesVastu-compliant planningEco-friendly FeaturesRainwater harvestingSolar power for common areasEnergy-efficient lightingSmart water managementGodrej Skyshores offers a rare blend of seafront luxury and green-living consciousness. From infinity pools to open-air decks and wellness...
₹ 6.45 Cr
Nestled in the prestigious Hiranandani Gardens Torino, this stunning 3bedroom Flats in Powai, Mumbai, is a perfect blend of sophistication and modern living.Spanning an expansive area of 1440 square feet, this semifurnished residence offers a garden view that enhances the serene ambiance of the home, making it an ideal retreat from the bustling city life. Priced at 6.45 crore, this
₹ 3.45 Cr
Welcome to SAROVA: The Township ExperienCity Introducing SAROVA - The Biggest Landparcel in western suburbs in the heart of Thakur Village, Kandivali (E) One of Mumbai`s most demanded integrated townships of 55 acres with multi-brand outlets and other top neighbourhoods for your families. Township Amenities. Grand Central Park with Central Club International School Hospital Commercial Spaces Retail &
Lodha Corinthia, a prestigious residential project situated in Bhandup West, offers a perfect blend of luxury and convenience. Strategically located near connecting roads like Eastern Express Highway and LBS Marg, this project provides easy access to various parts of the city. With its prime location and premium amenities, Lodha Corinthia is an ideal choice for individuals and families seeking a comfortable and stylish living experience.The project offers a range of spacious and elegantly designed apartments, including 2 BHK and 3 BHK configurations. Each apartment is meticulously crafted to provide ample natural light, ventilation, and scenic views. The Master Bedroom features walls with oil-bound distemper finishing, adding to the overall aesthetic appeal of the space. The project also boasts a range of modern amenities, including a state-of-the-art gymnasium and reliable power backup, ensuring a comfortable and convenient living experience.With a focus on providing a unique and bespoke living experience, Lodha Corinthia is an ideal choice for those seeking a luxurious and modern lifestyle. Whether you re a young professional, a family, or an investor, this project offers a range of benefits that cater to diverse needs and lifestyles. From its prime location to its premium amenities and specifications, Lodha Corinthia is...
₹ 7.6 Cr
Discover a luxurious lifestyle in this stunning 3bedroom Flats located in the prestigious Lake Front Solitaire project in Powai, Mumbai.Spanning an impressive 2,775 square feet, this semifurnished residence offers breathtaking lake views that create a serene ambiance for your everyday living. Situated on the 21st floor of a wellmaintained 25story building, this apartment combines comfort with elegance, making it an
₹ 7.77 Cr
Nestled in the prestigious Hiranandani Heritage Tower in Powai, Mumbai, this exquisite semifurnished Flats is a perfect blend of luxury and comfort.Spanning an impressive 1,790 square feet, this spacious residence features three beautifully designed bedrooms and three wellappointed bathrooms, making it ideal for families or those seeking a stylish living space. Located on the 35th floor of a 37floor building,
Welcome to Godrej Nurture Mumbai, a premium residential project in Bhandup West, designed for families across generations. Spread across 6.5 acres, it offers 280 exclusive 2 & 3 BHK residences with carpet areas ranging from 655 to 983 sq. ft.. Focused on holistic well-being, the community includes child-centric amenities, a lavish clubhouse, and expansive green zones—blending lifestyle, nature, and convenience in the heart of Mumbai.Exemplary Design & AmenitiesVast open and green spaces for a refreshing environmentHomes with private decks for outdoor relaxationLavish clubhouse with premium amenitiesDedicated child-centric amenities and play areasExpansive green spaces for leisure, recreation, and gatheringsWith limited inventory and generous open spaces, Godrej Nurture Mumbai offers exclusivity and a premium lifestyle, features that are highly sought after in Mumbai’s real estate market, ensuring robust capital appreciation. The project’s focus on open spaces, family-friendly amenities, and modern design ensures high desirability among homebuyers and tenants. This translates to strong rental demand and excellent long-term appreciation potential.Location AdvantagesPrime location on LBS Marg, Bhandup—centrally connected to Mumbai10 mins to Eastern Express Highway5 mins to Mulund Airoli Road, 14.8 km to CSMI AirportProximity to key landmarks: R Galleria (1.5 km), Bhandup (2.6 km), Meluha The Fern (7.3 km), Golden Swan Country Club...
₹ 2.5 Cr
Discover your dream home in the heart of Borivali East, Mumbai, with this exquisite builder floor that blends modern luxury and comfort.Priced at 2.5 crore, this stunning property offers a spacious area of 781 square feet, featuring tasteful interiors that are perfect for family living. The floor is located on the 14th level of a wellstructured 22floor building, providing a
₹ 4.95 Cr
Discover the perfect blend of luxury and comfort in this stunning 3bedroom Flats located in the prestigious Hiranandani Gardens Eldora, nestled in the vibrant locality of Powai, Mumbai.Spanning an impressive 1,490 square feet, this semifurnished residence offers a spacious and inviting layout, ideal for families or individuals seeking an upscale living experience. Positioned on the 7th floor of a wellmaintained
₹ 4.8 Cr
*Kalpataru Advay* *Location*: , New Link road, Borivali west ** acres of land. *3 tower* 1Basement G 5 Podium Eco deck level. Tower A & C- 37 Floors Tower B- 43 Floors 6 Elevators and 2 staircase. *50 Modern Amenities* *All-in Prices*: 2 BHK 781 CA- All In. Onwards 3BHK 1191 CA- Cr All in. Onwards
₹ 2.29 Cr
_Luxury Living with Zero EMI Until Possession!_* Your dream home in Malad West is now within reach with our *Exclusive Builder Subvention Plan Pay No EMI Until Possession!* * 2 BHK (730 . Carpet)* * onwards* *3 BHK (990 . Carpet) onwards* * Jodi Options Available for Spacious Living!* Smart Homes with Full Automation 50,000 . Landscaped Garden & 20
Introducing Lodha Altus, a luxurious residential project located in the prime area of Borivali East, providing seamless connectivity to Swami Vivekanand Road and Western Express Highway. This exclusive project offers a tranquil living experience amidst the vibrant cityscape, making it an ideal choice for those seeking a perfect blend of comfort and convenience.Lodha Altus is designed to provide a unique and luxurious living experience, equipped with top-notch amenities and specifications. The project features a state-of-the-art gymnasium, providing residents with a wide range of fitness options. Additionally, the project offers power backup, ensuring that you stay connected and comfortable even during power outages. With its strategic location and exceptional amenities, Lodha Altus is perfect for those who desire a life of luxury and convenience.From the moment you step into Lodha Altus, youll experience a new level of luxury and comfort. With its sleek and modern design, this project is designed to exceed your expectations. Whether youre looking for a comfortable living space or a stylish entertainment area, Lodha Altus has got you covered.Available Unit OptionsThe following table outlines the available unit options at Lodha Altus: Unit Type Area (Sq. Ft.) 3 BHK Apartment 1086 3 BHK Apartment 1313 4 BHK Apartment...
₹ 3.45 Cr
Discover a stunning opportunity to own a semifurnished 3bedroom Flats in the prestigious Amazon Park, nestled in the vibrant locality of Borivali West, Mumbai.Spanning an impressive 1125 square feet, this exquisite residence is situated on the 18th floor of a 30story building, offering breathtaking road views that make every day feel special. With a price of crore, this apartment
₹ 4.25 Cr
Discover an exceptional opportunity to own a stunning Flats in the heart of Kandivali West, Mumbai, within the prestigious Red Brick Ibis project.Priced attractively at crore, this semifurnished residence offers an expansive living space of 1,140 square feet, perfect for families seeking both comfort and style. Situated on the 15th floor of a wellmaintained 24story building, you will enjoy
Introducing Kalpataru Advay, a luxurious residential project located in the heart of Borivali West. The project is strategically connected to prominent roads, including New Link Road (0.5 km) and Western Express Highway (3 km), making it an ideal location for those who value convenience and proximity to major commercial and recreational hubs. With the comfort of residential spaces and essential amenities within reach, Kalpataru Advay offers the perfect blend of calmness and connectivity.Kalpataru Advay boasts a range of impressive amenities, designed to elevate the overall living experience. Residents can unwind and stay fit with the well-equipped gymnasium, and enjoy seamless living with power backup at their fingertips. The project thoughtful design and specification, including oil-bound distemper walls in master bedrooms, ensure a comfortable and stylish living space for all.Experience the epitome of luxury and comfort at Kalpataru Advay, with a range of beautifully crafted unit options available. From 2 BHK apartments with 780 sq. ft. of living space to 4 BHK apartments with 1800 sq. ft. of area, each unit is designed to meet the unique needs of families and professionals alike. View the project brochure to learn more about this outstanding residential project.Available Unit OptionsThe following table outlines the...
₹ 3.7 Cr
Discover a rare opportunity in the heart of Shimpoli, Mumbai, with this stunning builder floor available for sale.Priced at 3.7 crore, this luxurious residence spans an impressive area of 1,133 square feet and is ideally positioned on the 30th floor of the prestigious Paradigm Anantaara project. As you step into this unfurnished space, you will be greeted by a breathtaking
₹ 2.23 Cr
Discover a remarkable opportunity to own a stunning 3bedroom Flats in the heart of Malad East, Mumbai, situated in the prestigious Agarwal Floresta Oak project.Priced at an attractive 2.23 crore, this furnished residence spans an expansive 881 square feet and offers a delightful garden view that enhances its serene environment. Ideal for families and investors alike, this property promises a
Godrej Bliss, located in Kandivali East’s Lokhandwala Township, offers a unique residential experience with 1, 2, and 3 BHK apartments (405–985 sq. ft. carpet area). You get spacious homes with private decks, cross-ventilated layouts, modular kitchens, and laminated wooden floors; designed for comfort, wellness, and convenience. With 491 units across 1.5 acres (RERA No.: P51800051172), Godrej Bliss is a community where families can truly unwind, connect, and grow.Lifestyle Amenities That Truly Enhance Your Everyday LivingIndoor and outdoor wellness amenities help you lead a balanced lifestyle right at home.Stay active with a fully equipped gym, walking track, and open CrossFit area. Find moments of calm in peaceful sit-outs or star-gazing spots.Social spaces like the rooftop party lawn, barbeque corner, swimming deck, and café invite neighbors to come together and build lasting bonds.Children enjoy safe play areas, while sports lovers have access to badminton and squash courts.Every generation finds a space to relax, play, or socialize.Connectivity and LifestyleGodrej Bliss stands out for its excellent connectivity.You’re close to the Western Express Highway, Kandivali Railway Station, and Akurli Metro Station, making daily commutes across Mumbai quick and hassle-free.Top schools (Lokhandwala Foundation School, Oxford International School), trusted hospitals (DNA Multispecialty, Apex Hospital), and shopping hubs...
Borivali West, Mumbai
₹ 4.67 Cr
*New revised rate*Borivali (West).32000/- 5th to 8th floor33000/- 9th to 12th floor34000/- 13th to top floor 3 BHK 1376 Sq Ft Carpet 4 BHK 1978 Sq Ft Carpet *Residence** feet clear ceiling height.**17TH SLAB COMPLETED**Freehold plot project.*Full CC received.Possession 8 MonthsAll in price *3 BHK 1376 Sq Ft* with 2 car parking 5th to 8th all in9th to 12th Cr All in13th
₹ 2.46 Cr
*Sun Sumit - JEEVAN MANGAL* *Borivali West* ** *LUXURIOUS SPACES APARTMENTS FILLED WITH HAPPINESS & POSITIVITY* *Address* Sun Sumit New Link Road, ,Borivali West, Mumbai Structure* *Ground 13 Stories Tower* *G 1 Commercial* *Configuration* 2Bhk 487@ Cr all in (3rd floor) 2Bhk 534@ Cr all in 3Bhk 614 @ Cr all in 2Bhk 550 @ Cr all in 3Bhk 708 @
₹ 3.24 Cr
S. S. LANDMARK MEGHALOK HEIGHTS - Borivali [MAHARERA NO: P] Luxurious Residences: 2 BHK: 590 Sq ft 634 Sq ft 672 Sq ft 687 Sq ft 3 BHK: 925 Sq ft Excellent Connectivity: Borivali Railway station Kora Kedra Ground Western Express Highway Education Hub: LN College Shikha Academy JV Sir`s Ace Civil Engineering Coaching Entertainment & Shopping Delights: Inox Theatre D Mart Tirumala Shopping Leisure & Dining: Domino`s Mc Donald`s Starbucks Healthcare
₹ 4.51 Cr
*LODHA ALTUS*, Borivali: _Live Iconic_ *3BHK* - Carpet: *1086 sqft* Price: ** Cr+* *3BHK with study* - Carpet: *1313 sqft*Price: ** Cr+* *4BHK* - Carpet: *1713 sqft* Price: ** Cr+* Possession: *April, 2028* Sales Office : *Lodha Altus* ,SV road, Borivali West, Mumbai, Maharashtra 400092Contact -623
₹ 5.5 Cr
₹ 5.2 Cr
Discover a stunning semifurnished Flats in the prestigious Hiranandani Verona Coop Housing Society Ltd, nestled in the vibrant locality of Powai, Mumbai.This exquisite property boasts a generous area of 1285 square feet and is designed for comfortable living with its spacious layout featuring three wellappointed bedrooms and three modern bathrooms. Positioned on the 18th floor of a 31story building, this
₹ 5.75 Cr
Discover an exquisite opportunity to own a stunning Flats in the heart of Andheri West, Mumbai.This beautifully furnished 3bedroom residence is part of the esteemed Raj Classic project, offering a spacious area of 1150 square feet that perfectly blends comfort and elegance. With a welldesigned layout, this apartment features three generous bedrooms, complemented by three modern bathrooms, ensuring ample space
₹ 5.5 Cr
Welcome to this exquisite 3bedroom Flats located in the vibrant neighborhood of Borivali West, Mumbai.Priced at crore, this stunning residence spans an impressive 1154 square feet and is situated on the 10th floor of the modern Satra Park project, offering breathtaking road views and a serene living environment. This furnished apartment is designed for comfort and elegance, featuring three
Buying a 3 BHK flat in Mumbai for sale can be a tiring and daunting task. The city is rife with fraudulent brokers and expensive units, making it easy to become overwhelmed when deciding where to live. But don't worry – Square Yards is here to help. Our website makes finding a 3 BHK Flat for Sale in Mumbai much easier, offering a wide range of property options and various types of homes in every neighbourhood. Let us take the hassle out of your search and help you find your perfect home in this city.
Malad West
Malad West is a lively area in Mumbai that offers a perfect mix of work-life balance. Another perk of this locality is its proximity to areas like Goregaon and Andheri. Residents in Malad West can explore large malls like Inorbit and Infinity and unwind in beautiful parks such as Mindspace Garden. Additionally, the area is home to reputable schools, including Ryan International and St. Joseph’s, providing excellent education options. With nearby train stations at Malad and Kandivali, commuting is a breeze. The area is also well-connected by major roads like Link Road and Swami Vivekananda Road. Malad West is an ideal spot to find your perfect 3 BHK Flat for Sale in Mumbai.
Flats for Sale in Malad West, Mumbai
2 BHK Flats For Sale in Malad West, Mumbai |
3 BHK Flats For Sale in Malad West, Mumbai |
4 BHK Flats For Sale in Malad West, Mumbai |
Sion
Sion is in the central part of Mumbai, making living there convenient. Important areas like Dadar and Matunga surround it. Good schools such as SIES High School and Don Bosco High School are nearby. Residents enjoy nature in Sion Fort Garden and Five Gardens. With Sion station close by and major roads like the Eastern Express Highway, moving around is easy. Sion is a great choice for buying flats, offering a mix of city life and quiet spots.
Flats for Sale in Sion, Mumbai
2 BHK Flats For Sale in Sion, Mumbai |
3 BHK Flats For Sale in Sion, Mumbai |
4 BHK Flats For Sale in Sion, Mumbai |
Goregaon West
Goregaon West is a sought-after suburb in Mumbai known for its green spaces and residential appeal. It is close to areas like Andheri and Malad, offering a blend of tranquillity and city life. The locality features renowned schools such as Vibgyor High School and St. John's Universal School, making it ideal for families. Popular shopping destinations include City Centre Mall and Oberoi Mall. Goregaon West is well-connected by the Goregaon station and roads like the Western Express Highway, providing easy access to other parts of Mumbai. It's a perfect place to buy flats for modern amenities and natural beauty.
Flats for Sale in Goregaon West, Mumbai
2 BHK Flats For Sale in Goregaon West, Mumbai |
3 BHK Flats For Sale in Goregaon West, Mumbai |
4 BHK Flats For Sale in Goregaon West, Mumbai |
Chunabhatti
Chunabhatti is a peaceful and strategically located suburb in Mumbai, nestled between Sion and Kurla. It's a quieter part of the city, offering a relaxed lifestyle away from the urban rush. The area hosts several schools, including Lokmanya Tilak High School, enhancing its family-friendly appeal. Residents enjoy access to local parks and essential shops. With Chunabhatti railway station nearby and connectivity via the Eastern Express Highway, commuting is convenient. Chunabhatti offers affordable flats, making it an attractive option for those seeking a calm yet connected place to live.
Flats for Sale in Chunabhatti, Mumbai
2 BHK Flats For Sale in Chunabhatti, Mumbai |
3 BHK Flats For Sale in Chunabhatti, Mumbai |
4 BHK Flats For Sale in Chunabhatti, Mumbai |
Kandivali East
Kandivali East is a rapidly growing Mumbai suburb known for its modern infrastructure and family-friendly environment. It's home to well-regarded schools like Thakur Public School and Cambridge School, catering well to young families. The area features multiple shopping centres, such as Growel's 101 and Thakur Mall, providing ample entertainment and shopping options. Kandivali East enjoys excellent connectivity through Kandivali station and the Western Express Highway, making travel across Mumbai easy. If you are looking for a 3 BHK Flat for Sale, It's an excellent place to buy flats, offering comfort and convenience in a dynamic setting.
Flats for Sale in Kandivali East, Mumbai
2 BHK Flats For Sale in Kandivali East, Mumbai |
3 BHK Flats For Sale in Kandivali East, Mumbai |
4 BHK Flats For Sale in Kandivali East, Mumbai |
Mumbai, famously known as the 'City of Dreams', is also the economic powerhouse of India, where millions find their livelihood and turn their aspirations into reality. The city is constantly evolving, with recent developments in Mumbai and its neighbouring suburbs like Thane and Navi Mumbai enhancing the standard of living and expanding residential opportunities. This growth reshapes the skyline and improves the infrastructure, connectivity, and amenities, making Mumbai a more livable and efficient global city.
Rest assured, it's a wise choice if you're contemplating investing in property here. Mumbai's robust transit system, including its lifeline of local trains supplemented by metro and monorail services, ensures excellent connectivity across the city. When scouting for a 3 BHK Flat for Sale, consider the locality's connectivity, infrastructure, and amenities. Each area offers unique advantages, making every investment in Mumbai's real estate a financial decision and a step towards a richer, more fulfilling lifestyle.
Category | Details |
Country/State | India / Maharashtra |
City Area | 603.4 km² (233.0 sq mi) |
Metropolitan Area | 4,355 km² (1,681.5 sq mi) |
GDP | $400 Billion |
Official Language | Marathi |
Population | 17,673,000 |
Sub Registrar Office | IGR Maharashtra |
Online Property Details | Mahabhumi Maharashtra |
Stamp duty charges in Mumbai follow the guidelines established by the Maharashtra Stamp Act of 1958, recently updated by the government. The amount of stamp duty and registration fees you'll pay depends on several factors, including the property type, the owner's gender, location, market value, and age. Here is a summary of the revised rates:
Gender of Owner | Registration Charges (for property value up to ₹30 Lakh) | Stamp Duty (% of market value) |
Male | 1% | 6% |
Female | 1% | 5% |
Male + Female | 1% | 6% |
Male + Male | 1% | 6% |
Female + Female | 1% | 5% |
Additionally, it's noted that:
The real estate market in Mumbai continues to thrive without any signs of a downturn in recent decades. The presence of multinational corporations and key figures in the entertainment industry has solidified Mumbai's status as the financial epicentre of India. This has fueled remarkable economic growth, bolstered the job market, and improved living standards across the city.
In the initial quarter of 2024, the demand for residential properties in Mumbai rose by 3.1% quarter-over-quarter, while residential prices also experienced a modest increase of 5% in the same period.
According to data from the IGR, during the final quarter of 2023, the Mumbai Metropolitan Region confirmed its leading position as India’s premier residential market, with 46,638 property transactions amounting to Rs 39,170 crore. This momentum of positive growth extended into the first quarter of 2024.
Major developers are spearheading prominent developments and large townships. Noteworthy residential projects and localities for purchasing flats in Mumbai include Lodha Woods in Kandivali East, VKG Krishna Residences in Chatkala, Dotom Isle and Auris Serenity in Malad West, Oberoi Springs in Andheri West, Atmiya Centria in Santacruz East, Ruparel Panache in Santacruz West, White City Phase 2 Wing B in Lokhandwala Township Kandivali East, Romell Orbis in Andheri East, and Lodha Eternis in the Chakala Industrial Area MIDC.
The micro-markets of Malad-Kandivali are leading with an average rate of INR 18,300 per sq.ft., closely followed by the areas in Andheri East-Jogeshwari East at an average rate of INR 19,700 per sq. ft. These areas are in high demand due to their proximity to business hubs, strong retail infrastructure, and excellent connectivity.
Now is an opportune time for investors or those considering purchasing flats in Mumbai as a future investment. The average price per square foot for multi-storey apartments is INR 29,600, builder floors are INR 10,300, and villas are INR 42,000.
In the first quarter of 2024, the demand and supply for 2 BHK configurations in Mumbai were notably high, accounting for 48% of demand and 43% of supply. The demand and supply for 1 and 2 BHK units comprised 71% of the demand and 63% of the supply, demonstrating robust market activity. Mid-segment properties, priced between INR 15,000 and 25,000 per sq.ft., dominated the market regarding demand and rates, accounting for 54% and 47%, respectively.
The circle rates (guidance or ready reckoner rates) are government-determined minimum values for selling property in specific areas. These rates are crucial for calculating stamp duties during property transactions. Below are the approximate circle rates for the specific localities in Mumbai you're interested in:
Locality | Circle Rate Range (per sq. ft.) |
Malad West | ₹14,000 - ₹20,000 |
Sion | ₹18,000 - ₹25,000 |
Goregaon West | ₹15,000 - ₹22,000 |
Chunabhatti | ₹12,000 - ₹17,000 |
Kandivali East | ₹12,000 - ₹18,000 |