Property prices for rent in Mumbai (Maharashtra)

The rent prices in real estate in Mumbai, in the Maharashtra region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

₹ 89,345.17
Average price last 6 months
₹ 66.47
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Mumbai has risen strongly during the last 6 months. In July, the average price per sq.foot was ₹ 59.06. In the following month the price per sq.foot rose to ₹ 64.65. The price for the following two months in (September, October) fell 89 % with regard to the previous two months. The price per sq.foot has had a considerable rise of 142 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.foot of ₹ 58.39 to ₹ 82.64 during November, and December.

Average price

When referring to the price in Mumbai (cities), this has risen considerably in the last 6 months. The average price during our first sample month during July, is ₹ 47,134. During August the price went through a considerable rise reaching ₹ 56,264. During the following two months (September, October) the price has had an average rise from ₹ 51,699 to ₹ 57,151.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 292 % during the last two months.

Average price per BHK

The graph displaying the average rent price for BHK illustrates that those properties with 1 BHK are the most affordable ones. At a price of ₹ 1.76 lakhs they are 77 % more affordable than the average price for Mumbai . The properties with the highest average price have 4 BHK, Their price is 27 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 1.2 lakhs.

With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 72.19 / sq.foot, with an average ₹ 86.26 / sq.foot price in Mumbai. The properties with the most expensive average prices have 4 BHK. They are 14 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 85.09 / sq.foot.

Price per property type

The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 1.76 lakhs it is 89 % more affordable than the average price in Mumbai. "Flat" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Office". At a price of ₹ 1.22 lakhs it is 635 % more expensive than the average price.

According to the average cost per sq.foot, the most affordable property is "House" at an average price of ₹ 37.78 / sq.foot followed by "Commercial" priced at ₹ 50.71 / sq.foot. "Land" is the most expensive type of property with a ₹ 347 / sq.foot value followed by "Villa" with an average price of ₹ 135.44 / sq.foot.

Charts data
Average price December
Average price per sq.foot December
Number of properties used in Mumbai
Number of properties used in region Maharashtra
₹ 1.76 lakhs
₹ 86.26
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value