Mumbai (formally known as Bombay) is the capital city of Maharashtra, the center of the Mumbai Metropolitan Region. It lies on the Konkan coast on the west coast of India and has a deep natural harbor. It covers a region of 6,328 square kilometers and is the most populous city in India, with an estimated population of 23 million.

In 2008, Mumbai was named an Alpha World City. It is referred to as India's financial, commercial, and entertainment capital. The city houses important financial institutions, including the Bombay Stock Exchange (BSE) Reserve Bank of India (RBI) and the corporate headquarters of Indian companies and multinational corporations.

Mumbai is dotted with Bollywood and Marathi cinema industries. Furthermore, it is the wealthiest city in India, with the highest number of millionaires and billionaires among all cities in India.

Why Buy Flats/Apartments in Mumbai?

Being the famous city of dreams, the flats in Mumbai are always in demand and are currently on the rise, presenting promising opportunities for profitable returns. Property in Mumbai offers you an exceptional urban living experience.

Luxury developments in Mumbai offer a wide range of premium amenities and facilities, such as state-of-the-art security systems, recreational areas, gyms, swimming pools, and landscaped gardens. These additional features drive up property prices.

With the option of local trains, metro, buses such as MMT, TMT, NMMT, and other AC buses, taxis, etc., Mumbai is well connected to other parts of the city and parts outside the city.

Investment Trend in Mumbai

While considering the diverse housing options, top-tier infrastructure, and sound connectivity, Mumbai has emerged as the most desirable neighborhood for residential and commercial investments.

The property prices in Mumbai have always been 40-45% higher than in any other tier-1 city. In the past 2 years, Mumbai has witnessed a surge in property price and demand.

Sqft Prices for Top 20 Areas in Mumbai

Here is the price list for some of the top areas in Mumbai:

Neighbourhood	Average Price per sqft.
Thane West	Rs. 17,700
Kharghar	Rs. 15,600
Mira Road	Rs.14,550
Ulwe	Rs. 13,350
Panvel	Rs. 11,600
Dombivali East	Rs. 9,900
Andheri East	Rs. 28,000
Andheri West	Rs.34,850
Kamothe	Rs. 12,700
Mulund West	Rs. 26,150
Chembur	Rs. 31,200
Hiranandani Estate	Rs. 23,950
Powai	Rs. 33,700
Ghodbunder Road	Rs. 17,450
Kalyan West	Rs. 9,850
Kandivali East	Rs.26,150
Kandivali West	Rs. 24,400
Malad West	Rs. 25,000
Goregaon East	Rs. 28,950
Worli	Rs. 57,750

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Mumbai's Real Estate Landscape

Mumbai is the dream destination for real estate investments at sound rates. Investors define Mumbai as a "Dynamic Real Estate Market".

Mumbai houses the highest number of billionaires and millionaires in the country, making the city the wealthiest. It is the home to the most expensive house in India, named Antilia, the official residence of Ambani. Leading Developers like Rustomjee, Lodha, Runwal, Piramal Realty, CGHS Group, and Ekta World are operational in the city.

South Mumbai

South Mumbai is the southernmost precinct of Mumbai, dotted with areas like Colaba, Nariman Point, Malabar Hills, Marine Lines, Tardeo, and Mahalaxmi. It is the most affluent residential neighborhood in the city, housing the residences of major industrialists like Adi Godrej, Cyrus Broacha, and Ashish Pandey.

The official residences of Maharashtra's chief minister and Governor are located here. Some of the top projects in South Mumbai are Primal Mahalaxmi, Lodha Bellevue, Rustomjee Crown and Lodha Adrina.

Western Suburbs

The Western Suburbs of Mumbai consist of Andheri, Bandra, Borivali, Dahisar, Goregaon, Jogeshwari, Juhu, Kandivali, Khar, Malad, Santacruz and Vile Parle. River Mithi flows through this area and also serves as a sewage line.

The top projects in the Western suburbs of Mumbai are The Meridian Towers, Velentine Apartment, Courtyard, and Lodha Woods.

Eastern Suburbs

East Mumbai consists of Bhandup, Ghatkopar, Kanjurmarg, Kurla, Mulund, Nahur, Powai, Vidyavihar and Vikhroli.

Wadhwa The Address, Terraform Dwarka, Kalpataru Aura, MICL Aaradhya Nine, and Runwal Orchard Residency are among the several high-rise residential developments in the Eastern suburbs of Mumbai.

Harbour Route

The Harbour Route of Mumbai consists of the suburbs of Kurla, Vidyavihar, Ghatkopar, Vikhroli, Kanjur Marg, Bhandup, Mulund, Powai, Chembur, Mankhurd, Govandi and Trombay.

Some of the residential projects in the harbor route of Mumbai are Lodha Bellagio, Raunak Centrum, Crescent Silverwoods, and Ostwal Heights.

Latest Real Estate Trends in Mumbai

Being a real estate hotspot, Mumbai is one of the few cities with the maximum attention of investors and homebuyers throughout the year.

The price rates for properties in Mumbai have increased to 4-5% in the last 1 year. The sales transactions in the last 1 year were approximately 117,000, which led to a Gross Sales Value of around Rs. 123,100 Cr. The current average price rate of the properties in Mumbai is Rs. 20,000 per sqft.

FAQs

What are the top apartment locations in Mumbai?

Malabar Hill
Andheri East
Juhu
Matunga East
Parel
Wadala
Worli
Kemps Corner
Worli Sea Face
Bandra East

What are the affordable flat options in Mumbai?

What are the luxury flats options in Mumbai?

Lodha BelAir
Ajmera Prive
MICL Aradhya Evoq
Lodha Bellagio
Godrej Urban Park
L&T 77 Crossroad
Shapoorji Pallonji BKC 28
Lodha Solitaire

What are the price trends for flats in Mumbai?

Places like Panvel in Mumbai witnessed a surge of almost 25%, whereas places like Palm Beach had a downfall in price by 14%. The cost to rent a place in Mumbai stayed the same, except Chembur East, Prabhadevi, and Bandra West changed marginally. So, the average rent for 1 BHK in these areas is mentioned below:

Bandra - Rs. 12,000
Chembur - Rs. 6,000
Prabhadevi - Rs. 30,000

Who are the best builders in Mumbai?

Lodha Group
Godrej Properties
Runwal Realty
Rustomjee Builders
Ajmera Group
The Wadhwa Group
Piramal Realty
Hiranandani Developers

What are the amenities available in flats in Mumbai?

24/7 Security
Power Backup
Lifts/Elevators
Parking Space
Gym/Fitness Centre
Swimming Pool
Clubhouse/Community Centre
Guest Accommodations
Proximity to Public Transport
Basic Utilities
Intercom/Video Door Phone
Recreational Spaces
Maintenance Services
Pet-Friendly Facilities
Visitor Management System
Waste Management

What are the upcoming Mumbai projects?

What are the investment tips for flats in Mumbai?

Choose a location for future growth and development.
Assess the resale value and overall demand of the area.
Ensure the infrastructure is top-notch.
Connectivity to other areas is crucial.
Prioritise a green and scenic environment.
Always do a thorough background check on the developer.
Take your time, as buying a flat is a significant investment.

What are the names of flats in Mumbai with modern amenities?

How many 1 BHKs are available in Mumbai?

There are 438 1 BHKs available in Mumbai.

How much does a 1 BHK cost in Mumbai?

The average price of 1 BHK in Mumbai is ?37.1 Lac - ?1.44 Cr.

What is the average size of a 1 BHK in Mumbai?

The average size of 1 BHK in Mumbai is 450 to 600 square feet

What is the rent of a 1 BHK in Mumbai?

The rent of a 1 BHK in Mumbai is ?17,000 - ?60,000.

How many 2 BHKs are available in Mumbai?

There are 533 2 BHKs available in Mumbai.

What is the average size of a 2 BHK in Mumbai?

The average size of 2 BHK in Mumbai is 650 to 800 square feet

What is the rent of a 2 BHK in Mumbai

The rent of a 2 BHK in Mumbai is ?40,000 - ?1.1 Lac.

How much does a 2 BHK cost in Mumbai?

The average price of 2 BHK in Mumbai is ?89.9 Lac - ?2 Cr.

How many 3 BHKs are available in Mumbai?

There are 259 3 BHKs available in Mumbai.

How much does a 3 BHK cost in Mumbai?

The average price of 3 BHK in Mumbai is ?1.13 Cr - ?3 Cr.

What is the average size of a 3 BHK in Mumbai?

The 3 BHKs in Mumbai are available in the average size of 750 to 1600 square feet.

What is the rent of a 3 BHK in Mumbai?

The rent of a 3 BHK in Mumbai is ?23,000 - ?79,000.

How many 4 BHKs are available in Mumbai?

There are 9 4 BHKs available in Mumbai.

How much does a 4 BHK cost in Mumbai?

The average price of 4 BHK in Mumbai is ?1.90 Cr - ?5.80 Cr.

What is the average size of a 4 BHK in Mumbai?

The 4 BHKs in Mumbai are available in the average size of 1600 to 2256 sq.ft.

What is the rent of a 4 BHK in Mumbai?

The rent of a 4 BHK in Mumbai is ?40,000 - ?1.2 Lac.

Featured Real Estate Projects in Mumbai

Discover Your Dream Home in Mumbai: Flats, Villas & More

Duplex for Sale in Mumbai

Flat for Sale in Mumbai

Penthouse for Sale in Mumbai

Top-Rated Builders & Real Estate Developers in Mumbai

Choose Your Ideal Home in Mumbai

Affordable flats for Sale in Mumbai

Affordable flats for Sale in Mumbai

Luxury flats for Sale in Mumbai

Luxury flats for Sale in Mumbai

Mid Range flats for Sale in Mumbai

Mid Range flats for Sale in Mumbai

Ultra Luxury flats for Sale in Mumbai

Ultra Luxury flats for Sale in Mumbai

Explore New Real Estate Projects in Mumbai

New Projects in Mumbai for Sale

Ready To Move Projects in Mumbai for Sale

Find Your Perfect Home by Budget in Mumbai

Flats for Sale in Mumbai Above 5 Cr

Flats for Sale in Mumbai Between 1 Cr to 2 Cr

Flats for Sale in Mumbai Between 2 Cr to 5 Cr

Flats for Sale in Mumbai Between 50 Lakh to 1 Cr

Flats for Sale in Mumbai Under 50 Lakh

Search Flats by BHK & Amenities in Mumbai

1BHK flats for Sale in Mumbai

2BHK flats for Sale in Mumbai

3BHK flats for Sale in Mumbai

4BHK flats for Sale in Mumbai

4+ BHK flats for Sale in Mumbai

Explore Most Popular Localities for Properties in Mumbai

Chembur East

Ghatkopar East

Andheri East

Borivali West

Andheri West

Mulund West

About Mumbai

Find Your Dream Home & Property in Top Cities

Find The Best Real Estate Agents in Your City