About Mumbai
Mumbai is a big city on the sea. You will find flats in the south part of the city and also in the suburbs. Square Yards puts Worli and Mahim under Mumbai South. Kandivali, Borivali, Malad and Dahisar are in the western parts. In Worli, you will see the Worli Sea Face and the Bandra Worli Sea Link. Dahisar East is near Sanjay Gandhi National Park. Powai has a lake and the IIT campus. For travelling towards the west side, you can take Western Express Highway or Link Road. So whether you like the sea or a quiet suburb, you can find a flat in Mumbai that you find suitable as per your needs.
The real estate market in Mumbai has new launch, under construction and ready to move flats. There are many resale flats too. Square Yards has flats for every budget, from Affordable Flats to Luxury Apartments. So you can see the cost of flats in Mumbai in one place. There are new projects coming up in localities like Worli, Versova, Kandivali and Malad. Many buyers also like the suburbs, as Mumbai apartment prices there are lower than the prices near the sea. Before a flat purchase in Mumbai, fix your budget. Then pick your area and check the project status.
Popular Areas
These five areas are popular among people who buy flats in Mumbai. Some are near the metro, some are near the sea and some are close to business parks. Square Yards has a page for each area with live listings. Click on an area name to see the flats for sale there.
Locality | Why this locality is preferred? |
|---|
Kandivali West | Markets, schools and parks are close by. Prices are lower than in the coastal areas, so many families look here for a flat in Mumbai. |
Dahisar East | It is near Sanjay Gandhi National Park. Metro Line 2A and Metro Line 7 meet here, so travelling is made easier. Families and investors like this area. |
Powai | It is a planned area built around the lake and the IIT campus. The roads have trees, and cafes are close by. It is preferred by professionals who work in nearby business parks. |
Worli | It is near the Worli Sea Face and the Bandra Worli Sea Link. Buyers who want sea facing flats in Mumbai prefer this locality. |
Andheri West | It has quiet lanes and busy streets together. Streets are at walking distance. And, the metro and the airport are easy to reach. |
Price Breakdown by Budget Tier
The Mumbai flat price changes a lot from one area to another. So Square Yards groups flats by budget, which helps you see where your money goes further. Pick the tier that matches your budget:
Ultra-Low Budget (₹20L - ₹50L): Square Yards has a separate page for flats in Mumbai in this range. You can find small ready to move flats in Goregaon West, Dahisar East and Bhandup West. Most of them are 1 BHK or 1 RK flats.
Low Budget / Entry-Level Resale (₹50L - ₹1 Cr): This is where many first-time buyers look, and resale flats are easy to find here. Square Yards calls it the Affordable Flats range. Check Powai, Dahisar East, Goregaon West and Borivali West for 1 BHK and 2 BHK flats.
Standard Affordable Range (₹1 Cr - ₹1.5 Cr): Square Yards calls this the Mid-Segment Flats range. You can find flats here in Kandivali West, Borivali West, Borivali East, Kurla East and Sion.
Cost Breakdown by Apartment Configuration
Flat prices in Mumbai change with the size of the flat. A 1 BHK costs less than a 3 BHK. Whereas a 5 BHK costs more. The table below shows the lowest, highest and average price for each size on Square Yards. Use it to see which size fits your budget.
Configuration | Minimum price | Maximum price | Average price |
|---|
1 BHK | ₹5 Lac | ₹10.02 Cr. | ₹1.2 Cr. |
2 BHK | ₹20 | ₹55 Cr. | ₹2.2 Cr. |
3 BHK | ₹6 Lac | ₹98 Cr. | ₹3.9 Cr. |
4 BHK | ₹12 Lac | ₹95 Cr. | ₹10.73 Cr. |
5 BHK | ₹2.16 Cr. | ₹99 Cr. | ₹20 Cr. |
Now you know what each size costs. If you are on a strict budget, then a 1 BHK or 2 BHK flat in the suburbs can work well. If you need more space, then check out the 3 BHK and bigger sized flats. Click on any size to see live flats and compare the average price.
Key Factors Affecting Flat Prices
Two flats of the same size can have different prices in Mumbai. The reason is simple. Price depends on where the flat is, who built it and when you can get the keys. Read the points below before you check flats in Mumbai for sale on Square Yards, so you know why prices change from one area to another:
Location: Coastal areas like Worli cost more than most suburbs. Flats with a sea view are in demand, so sea facing flats in Mumbai are priced higher.
Metro and roads: Flats near a metro station or a main road such as the Western Express Highway are easier to travel from. Square Yards tags such listings as Adjoining Metro Station.
Builder name: Builders like Lodha, Kalpataru, Hiranandani and Rustomjee are well known, so their projects can cost a bit more.
Project status: A ready to move flat is already built, so you can get the keys soon. A new launch or an under construction flat is not ready yet, so you wait.
New or resale: A flat in a new project and a resale flat are priced differently. Square Yards has a filter for each.
Flat size and floor: Bigger flats cost more. Higher floors and flats with a good view can cost more too.
Society and amenities: A gated society with more facilities can have a higher price than an older building.
Comparison of Key Residential Projects
Now that you know the price points, look at some real projects. The table below shows projects listed on Square Yards, with the area they are in and their status. Ready to move means the flat is already built, so you can get the keys soon. Under construction means you need to wait. You can compare them side by side.
These projects gives you an idea about the flats in Mumbai that are available for sale. Select the one that matches your budget and timeline then check out the project pages on Square Yards.
Top Budget Friendly Neighborhoods
Not every buyer wants to spend a lot, and Mumbai has areas for smaller budgets too. Square Yards shows flats in these areas at lower prices than the coastal parts of the city. Most of them are in the suburbs, where you can find small flats in both ready to move and under construction projects. Check the projects and their status below, then open the area page to see all Mumbai flats for sale there.
Budget friendly localities | What does it offer? |
|---|
Dahisar East | 1 BHK and 2 BHK flats. Popular projects are Rustomjee Royale, DB Orchid Ozone and Chandak Sparkling Wing, which are ready to move. N Rose Northern Heights is under construction. |
Goregaon West | 1 BHK and 2.5 BHK flats. Sigma Tower and Ekta Tripolis are popular, and both are ready to move. |
Kandivali West | 1 BHK and 2 BHK flats. Dosti Oro 67 and Jadeite Charkop Nandanvan CHS are popular, and both are ready to move. |
Bhandup West | 1 RK and studio flats. Shree Krishna Daffodil Heights is ready to move, while Marathon Neo Valley is under construction. |
Goregaon East | 1 RK flats. Piccadilly 1 CHS and Royal Palms are popular, and both are ready to move. |
Hidden & Additional Costs to Consider
The price you see on a flat is not always the full price. Extra costs come with buying a flat, and they can surprise you if you do not plan for them. Before you make a flat purchase in Mumbai, go through the costs below, so you know the real cost of flats in Mumbai for your budget:
First, there are the government charges. Stamp duty and registration charges are paid when the flat is registered in your name. Next, check the "+ Charges" on the project page, as builders can add parking, club house and maintenance fees on top of the flat price. For an under construction flat, GST can apply, but not on a resale flat. The society may also ask for a transfer fee and a maintenance deposit. Keep some money for interiors, the loan processing fee and the lawyer fee too. If you use an agent, brokerage is paid as well. Add all of these to the flat price.
Key Rules Before You Buy
Fix your monthly budget first, and check how much home loan you can get.
Ask the builder for the RERA number. Then, check it on the MahaRERA website.
For an under construction flat, ask for the possession date in writing.
For a resale flat, make sure the society papers are clear.
Show the sale agreement to a lawyer before you sign it.
Ask the society residents about water supply and waterlogging in the monsoon.
Check the road and the metro or railway station you will use to reach your office.
Ask what is included in the price, as project pages may show "+ Charges".
Once your checklist is ready, the next step is to see the flats. Book a site visit on Square Yards and walk into your dream flat in Mumbai. Take your time, ask your questions and then decide.