✅ What is the minimum and maximum average price per sq ft rate in Mumbai?

In the select few opulent locations such as Altamount road, the average price per Sq. Ft. Ranges from Rs 35,000- Rs 65,000. Whereas in relatively affordable locations such as Kandivali East, the average price per Sq. Ft is usually around Rs 12,000-Rs 20,000.

✅ How much is the average rent for a flat in Mumbai?

The average rent for a flat in Mumbai depends on a variety of factors such as configuration, carpet area, and locality, to quote a few. For instance, the average rent for a 2BHK flat in Powai costs around Rs. 35,000-60,000 per month.

✅ What is the rate of real estate growth for properties in Mumbai?

In the past few years, property prices in Mumbai have considerably gone up. However, the surge in property prices has varied across different locations. For example, in the past 1 year, residential properties in Malad witnessed a price appreciation of 1%. On the other hand, in Andheri East, average property prices per Sq. Ft. Has increased by > 7%.

✅ Why property rates are high in Mumbai?

High investor activity, buzzing social lifestyle, soaring demand for housing and strong infrastructure, and a large market footprint are some of the prime reasons for high property rates in Mumbai.

✅ What is the average price of flat in Mumbai?

The average property prices per Sq. Ft varies significantly from location to location. For example, below is trends for Andheri East.

✅ What are some of the affordable localities in Mumbai?

Usually locations such as Borivali, Kandivali, Chembur where average property price ranges from Rs 8,000- Rs 16,000 per Sq. Ft. Can be considered as affordable locations.

Property Rates in Mumbai | Real Estate Property Prices/Trends in Mumbai

Property Rates in Mumbai

Being a real estate hotspot, Mumbai is one of the few cities which garners maximum investors as well as homebuyers’ attention throughout the year. The property prices in the city are always 30-40% higher than other tier 1cities, and it has every reason to be so. In the past few years, owing to its high ROI, top-notch amenities, the property prices in Mumbai have increased significantly across different locations, which has in turn nudged more investors to enter this pricey property market.

Property rates in Mumbai however vary depending on several factors like infrastructure, connectivity, demand, and supply of new housing units, to quote a few.

Average Prices in Mumbai

In the past two years, Mumbai property market not only saw a huge jump in housing demand but also climbed the priority list of investors, resulting in a surge in property prices. For instance, in top transacted locations namely Kandivali West, Borivali West and Malad West, the average prices of residential properties hovered around Rs 16,000- Rs 18,500 per Sq. Ft. The earlier noting a year-on-year price appreciation of 1%-5%

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