Mumbai, India
Property prices · 2026 · Asia · Price +2.9% vs 2025
Property price trend in Mumbai (2024–2026)
Property comparison — cities in India (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Mumbai |
|---|---|---|---|---|
| Mumbai | INR 197,950 | INR 101,650 | INR 37,450 | — |
| Delhi | INR 167,250 | INR 109,270 | INR 42,370 | -15.5% |
| Chennai | INR 105,925 | INR 69,130 | INR 31,220 | -46.5% |
| Bangalore | INR 101,650 | INR 62,060 | INR 23,540 | -48.6% |
| Hyderabad | INR 100,350 | INR 64,670 | INR 31,220 | -49.3% |
| Pune | INR 94,775 | INR 61,325 | INR 27,875 | -52.1% |
| Kolkata | INR 78,050 | INR 50,175 | INR 22,300 | -60.6% |
| Ahmedabad | INR 61,325 | INR 40,140 | INR 17,840 | -69% |
Other Asia cities (2026)
Frequently asked questions
How much does property cost in Mumbai in 2026?
In Mumbai, the average price per sqm in the city centre is INR 197,950, and INR 101,650 outside the centre (2026 data). Prices have risen 7% since 2024.
How much is rent in Mumbai in 2026?
A 1-bedroom apartment in Mumbai rents for approximately INR 37,450 per month in 2026. A 3-bedroom apartment costs around INR 80,250/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 2026?
The average mortgage rate in India is approximately 8.50% as of 2026. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Mumbai changed?
Property prices in Mumbai have changed +2.9% vs 2025. Since 2024, prices have increased by 7%. Use the year tabs above to compare prices across years.
What is the price per sqm in Mumbai?
The average property price per square metre in Mumbai city centre is INR 197,950 in 2026. Outside the centre, expect to pay around INR 101,650/sqm.