Right Time To Watch Property Rates In Mumbai

Mumbai is the dream city for Indians, it is the financial capital of India. The city summarizes with a rich culture, commerce, and most important a real estate landscape. A very popular line that is said about Mumbai is that the city never sleeps.

The town is known for its skyscraper buildings and also historic places and landmarks. The place has witnessed great fluctuations in property rates over the years. and it has also witnessed infrastructural, social, and economic factors.

The Factors That Influence The Property Rates In Mumbai

Firstly the most important factor that influences the property rate in Mumbai is the economic factor of the town. Economic factors include GDP Rates, employment rates, and economic growth these factors directly affect property prices in the town. With the booming of the economic growth the demand for the property increases.

Secondly Infrastructure development of the city also directly influences the property rates in Mumbai. Metro stations, developed highways airports, and railways development also affect the rates of property in any town.

Thirdly The policies of the government also influence the rates of the property in the town. It includes taxation charges, house taxes, water taxes, and property taxes. Government policies related to purchasing the property in the place. Understanding the policies of the landscape is very important for purchasing any property.

Fourthly demographic trends mean the population density of a particular place influences the rates of the property. The city of Mumbai attracts a large population from outside it attracts business professionals as well as individuals to come and settle in the big city. This includes the demand and density of the population.

Mumbai Market In Detail

How do you examine the micro market within Mumbai? It is very easy to just consider the property rates per square. like what are the charges for a South Mumbai, different rates of luxury houses, Bandra, Kurla complex. It will help you get the right property.

Properties Prices In Mumbai Area Wise

	Area	Avg price per sqft
1	Thane West	956 – 1,50,000 / sqft	84,452.17 / sqft
2	Mira Road East	782 – 56,693 / sqft	37,538.99 / sqft
3	Kharghar	2,727 – 1,10,435 / sqft	58,555.6 / sqft
4	Dombivili	811 – 51,155 / sqft	23,84.59 / sqft
5	Andheri West	2,419 – 2,00,000 / sqft	86,647.71 / sqft
6	Kandivali East	1,372 – 1,43,334 / sqft	48,981.24 / sqft
7	Kalyan West	718 – 64,449 / sqft	21,21.8 / sqft
8	Chembur	3,168 – 72,392 / sqft	42,487.47 / sqft
9	Powai	5,116 – 53,333 / sqft	43,388.32 / sqft
10	Ulwe	647 – 80,558 / sqft	39,29.27 / sqft
11	Virar	1,034 – 19,814 / sqft	14,669.04 / sqft
12	Andheri East	1,550 – 43,667 / sqft	39,642.16 / sqft
13	Malad West	2,540 – 55,905 / sqft	39,823.77 / sqft
14	Panvel	2,260 – 31,565 / sqft	24,667.87 / sqft
15	Ghansoli	2,043 – 30,686 / sqft	25,618.4 / sqft
16	Borivali West	1,600 – 39,387 / sqft	35,437.54 / sqft
17	Bandra West	1,667 – 1,49,606 / sqft	1,07,515.91 / sqft
18	Mulund West	1,444 – 40,278 / sqft	31,909.41 / sqft
19	Goregaon East	6,206 – 51,170 / sqft	35,652.55 / sqft
20	Kandivali West	2,439 – 1,68,181 / sqft	48,442.09 / sqft
21	Kanjurmarg	2,438 – 38,372 / sqft	33,153.3 / sqft
22	Wadala	4,300 – 45,802 / sqft	42,951.15 / sqft
23	Goregaon West	3,814 – 1,82,358 / sqft	79,503.92 / sqft
24	Bhandup West	1,589 – 53,333 / sqft	34,310.54 / sqft
25	Borivali East	7,538 – 51,181 / sqft	35,509.15 / sqft
26	Koper Khairane	2,038 – 32,680 / sqft	27,60.91 / sqft
27	Seawoods	2,104 – 50,378 / sqft	33,993.34 / sqft
28	Malad East	2,478 – 34,314 / sqft	28,731.22 / sqft
29	Naigaon East	2,308 – 12,708 / sqft	10,652.57 / sqft
30	Vikhroli	1,617 – 54,348 / sqft	37,596.5 / sqft
31	Airoli	2,000 – 47,281 / sqft	27,912.92 / sqft
32	Santacruz East	6,436 – 50,000 / sqft	40,161.59 / sqft
33	Ghatkopar East	5,750 – 51,383 / sqft	37,844.77 / sqft
34	Taloja	1,482 – 20,741 / sqft	17,55.14 / sqft
35	Dahisar	5,069 – 43,125 / sqft	30,576.08 / sqft
36	Worli	4,400 – 92,308 / sqft	73,875.62 / sqft
37	Lower Parel	2,000 – 80,000 / sqft	63,70.41 / sqft
38	Jogeshwari West	7,000 – 1,42,857 / sqft	46,837.29 / sqft
39	Kamothe	3,789 – 20,755 / sqft	12,817.5 / sqft
40	Bhayandar East	2,083 – 23,622 / sqft	19,921.35 / sqft
41	Nerul	1,754 – 43,333 / sqft	27,282.33 / sqft
42	Bhiwandi	747 – 56,897 / sqft	30,655.89 / sqft
43	Dombivali East	1,286 – 13,333 / sqft	12,408.64 / sqft
44	Ambernath East	1,939 – 11,111 / sqft	9,885.6 / sqft
45	Badlapur East	2,000 – 20,250 / sqft	11,331.44 / sqft
46	Parel	9,735 – 67,093 / sqft	54,668.09 / sqft
47	Vasai	3,158 – 37,200 / sqft	17,257.37 / sqft
48	Juhu	2,437 – 1,43,095 / sqft	97,331.79 / sqft
49	Sion	5,913 – 50,909 / sqft	39,950.49 / sqft
50	Sanpada	1,574 – 27,778 / sqft	23,747.24 / sqft
51	Neral	1,935 – 19,777 / sqft	7,671.74 / sqft
52	Ville Parle East	4,000 – 58,899 / sqft	49,261.09 / sqft
53	Ghatkopar West	3,333 – 38,043 / sqft	31,185.01 / sqft
54	Nala Sopara	2,200 – 15,059 / sqft	10,692.66 / sqft
55	Santacruz West	6,373 – 76,688 / sqft	66,641.79 / sqft
56	Kalyan East	2,105 – 24,038 / sqft	13,21.11 / sqft
57	Prabhadevi	13,714 – 85,294 / sqft	60,634.25 / sqft
58	Kurla	978 – 37,079 / sqft	30,121.29 / sqft
59	Khar West	5,882 – 1,15,000 / sqft	83,511.93 / sqft
60	Mulund East	5,000 – 31,429 / sqft	27,753.53 / sqft

Conclusion

The property rates in Mumbai depend on a depends upon a multitude of factors, ranging from economic conditions to infrastructural developments and shifting societal preferences. Navigating this complex landscape requires a nuanced understanding of both macroeconomic trends and micro-market dynamics. As Mumbai continues to grow, so too will its real estate, presenting both challenges and opportunities for investors, developers, and home buyers alike.

Disclaimer

We have given this information to help the visitor get the desired house they are looking for. All the above information is collected from Google and we are not held responsible for any misguidance you can get all the details from Google. You can visit Contact the Broker for more information.

FAQs

How much money is required to buy a house in Mumbai?

The cost of buying a flat in Mumbai in 2023 on average is more than Rs 23,000 per sq ft, in some of the areas, it is an average price it can increase and decrease according to the facilities.

Are property prices falling in Mumbai?

According to the rates list of the 10 years, Mumbai has demonstrated zero net growth in the price of property. It has increased much less over a time of 10 years.

How expensive is Mumbai real estate?

Average luxury real estate rates in Mumbai stood at Rs 707,996 per square meter or Rs 65,771 per square foot as compared to other towns in India.

How much does it cost to buy a flat in Mumbai?

Purchasing a flat in Mumbai completely depends upon the location and facilities available on average we can say 1 BHK- 65.5 L. 2 BHK- 1.5 crores. 3 BHK- 3 crores approximately.

Will property prices drop in 2023 in Mumbai?

The city had the sixth-highest year in growth in prime residential property rates in 2023 April and in the next six quarters in 2023, it increased by 6%. We can say on this ground it will increase and not drop.

Where is the best place to buy residential property in Mumbai?

The best place in Mumbai to buy property is Thane, Mira Road East, Andheri West, Dombivili, and Kharghar.