Looking for information on the property prices in Mumbai, the City of Dreams? If yes, then this article is for you. Keep reading and know about the property prices of some of the best localities in Mumbai.
Mumbai is one of those amazing cosmopolitan cities in India that has accepted people from all over the world with open arms. Millions visit Mumbai to experience the exciting lifestyle and in the hope to make it big in their lives. This, coupled with the employment opportunities, has made Mumbai, a favourite investment hotspot for many people. Mumbai presents investment options in all price ranges and anyone who knows how to play the game of investment can make it big here. Property prices in Mumbai/ apartment prices in Mumbai vary since many factors including infrastructure, amenities, connectivity, demand, and supply come into play. Here is a list of the property prices in the top 5 localities of Mumbai.
Property prices in Mumbai in Different Localities
1. Property rates in Bandra
Bandra must be on the top of the list when discussing the property prices in Mumbai. Bandra, dubbed as ‘the entertainment capital of India’ and ‘the Queen of Suburbs’, is one of the posh localities of Mumbai. It is one of the most happening suburbs in the city and is a great residential area sought by elite people. Starting from premier schools, hospitals, restaurants, wellness clubs, markets, etc, Bandra has everything in it. Moreover, Bollywood Megastar Shah Rukh Khan’s bungalow, Mannat, is located in Bandra. Living in Bandra will give you the best of Mumbai in a peaceful and pollution-free environment.
The property price range in Bandra: INR 21,160/sq. Ft – INR 45, 897/ sq. Ft
Average property price in Bandra: INR 35,167/ sq. Ft
1 BHK apartment price in Bandra: INR 1.3 Crores
2. Property prices in Andheri west
Andheri west is easily one of the most populated zones in the city. But this locality in Mumbai is easily the most preferred one too due to the cheaper cost of living, availability of amenities, and proximity to office and transportation hubs. It is also home to posh areas such as Lokhandwala and Versova. The world-class schools, colleges, and leisure hubs in Andheri also make it one of the favourable localities in Mumbai.
The property price range in Andheri west: INR 14,247/sq. Ft – INR 37, 320/ sq. Ft
Average property price in Andheri west: INR 27,513/ sq. Ft
1 BHK apartment price in Andheri west: INR 96 Lakhs
3. Property rates in South Mumbai
South Mumbai, most often touted as ‘the real Bombay’ is one of the Major residential hubs of Mumbai. If you’re researching property prices in Mumbai, you need to know about the Property prices in South Mumbai. Because it is one of the most expensive real estate markets in India (not just in Mumbai!). Most people like the Victorian era vibe this locality gives and of course, the posh areas like Cuffe Parade, Napean Sea road, and all the amenities that it has. In short, South Mumbai is one of the best localities to live in Mumbai.
The property price range in South Mumbai: Can go up to INR 1,73,333/ sq. Ft
Average property price in South Mumbai: Around INR 60,000/ sq. Ft
1 BHK apartment price in South Mumbai: INR 1.6 Crores
4. Property rates in Juhu
Juhu is an upscale residential area and neighbourhood of Mumbai. This area is well connected to the rest of the city. This area has several top-tier schools, restaurants, and market areas that make this place suitable for everyone to love. It is home to many Bollywood celebrities like Amitabh Bachchan, Hrithik Roshan, Alia Bhatt, and more. It also has the famous ISKCON temple. The Juhu Beach and the comfortable living experience make this area suitable for people who enjoy a similar kind of lifestyle.
The property price range in Juhu: INR 23,325/sq. Ft – INR 54, 238/ sq. Ft
Average property price in Juhu: INR 38,547/ sq. Ft
1 BHK apartment price in Juhu: INR 1.2 Crores
Over the years, Navi Mumbai has seen a healthy real estate activity backed by big infrastructure projects. Basically, Navi Mumbai is a planned township developed by CIDCO and is the world’s largest planned city. It has grabbed the attention of several investors because of its planned infrastructure and its appreciating property values. The locality is also bestowed with schools, hospitals, recreational options as well as office spaces. Moreover, Navi Mumbai is getting its own airport soon and this is all set to be one of the most sought-after localities in Mumbai.
The property price range in Navi Mumbai: Can go up to INR 77,778/ sq. Ft
Average property price in Navi Mumbai: INR 27,260/ sq. Ft
1 BHK apartment price in Navi Mumbai: INR 60 lakhs
With the suspension of all travel restrictions and the economy gradually inching towards its earlier path, the demand for real estate across India, especially in Mumbai is robust. Moreover, Mumbai being one of the biggest real estate markets in the country is a paradise for investors. So, if you’re looking for property prices at Mumbai or apartment prices in Mumbai, we hope this article has helped you.
Also Read: Is it worth buying a flat in Mumbai now?