Mumbai, India
Property prices · 2024 · Asia
Property price trend in Mumbai (2024–2026)
Property comparison — cities in India (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Mumbai |
|---|---|---|---|---|
| Mumbai | INR 185,000 | INR 95,000 | INR 35,000 | — |
| Delhi | INR 150,000 | INR 98,000 | INR 38,000 | -18.9% |
| Bangalore | INR 95,000 | INR 58,000 | INR 22,000 | -48.6% |
| Chennai | INR 95,000 | INR 62,000 | INR 28,000 | -48.6% |
| Hyderabad | INR 90,000 | INR 58,000 | INR 28,000 | -51.4% |
| Pune | INR 85,000 | INR 55,000 | INR 25,000 | -54.1% |
| Kolkata | INR 70,000 | INR 45,000 | INR 20,000 | -62.2% |
| Ahmedabad | INR 55,000 | INR 36,000 | INR 16,000 | -70.3% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Mumbai in 2024?
In Mumbai, the average price per sqm in the city centre is INR 185,000, and INR 95,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Mumbai in 2024?
A 1-bedroom apartment in Mumbai rents for approximately INR 35,000 per month in 2024. A 3-bedroom apartment costs around INR 75,000/month.
Is it better to buy or rent in Mumbai?
Renting is generally more cost-effective in Mumbai. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 8.50%.
What are mortgage rates in India in 2024?
The average mortgage rate in India is approximately 8.50% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Mumbai?
The average property price per square metre in Mumbai city centre is INR 185,000 in 2024. Outside the centre, expect to pay around INR 95,000/sqm.