Property prices for sale in Mumbai (Maharashtra)
The prices in real estate in Mumbai, in the Maharashtra region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Mumbai has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 13,985. In the following month the price per sq.foot increased considerably to ₹ 16,948. The price for the following two months in (December, January) had a considerable increment of 115 %. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 16,626.75 to ₹ 17,272.5 during February y March
Based upon to the price in Mumbai (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 83.87 lakhs. During November the price went through a considerable rise reaching ₹ 1.01 crores. During the following two months (December, January) the price has had an average incrementation from ₹ 92.59 lakhs to ₹ 1.06 crores. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 96.17 lakhs they are 44 % more affordable than the average price for Mumbai. The properties with the highest average price have 4 BHK, Their price is 796 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 3.31 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 11,681 / sq.foot, with an average ₹ 16,081 / sq.foot price in Mumbai. The properties with the highest average prices have 4 BHK. They are 168 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 29,390 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 96.17 lakhs it is 10 % cheaper than the average price in Mumbai. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of ₹ 2.15 crores it is 295 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 5,774 / sq.foot followed by "House" priced at ₹ 11,623 / sq.foot. "Commercial" is the most costly type of property with a ₹ 30,832 / sq.foot cost followed by "Office" with an average price of ₹ 30,703 / sq.foot.
