Property prices for sale in Mumbai (Maharashtra)

The prices in real estate in Mumbai, in the Maharashtra region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

₹ 1.06 crores
Average price last 6 months
₹ 13,543.5
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Mumbai has increased during the last 6 months. In March, the average price per sq.foot was ₹ 12,157. In the following month the price per sq.foot increased to ₹ 13,507. In the following two months the price per sq.foot has barely changed, going from ₹ 12,832 to ₹ 12,934 per sq.foot. The price per sq.foot has had a considerable increase of 115 % 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 ₹ 12,883 to ₹ 14,864.5 during July, and August.

Average price

Based upon to the price in Mumbai (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is ₹ 1.05 crores. During April the price went through a considerable rise reaching ₹ 1.28 crores. During the following two months (May, June) the average price had a considerable reduction of 77 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.

Average price per BHK

The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.28 crores they are 51 % more affordable than the average price for Mumbai. The properties with the highest average price have 4 BHK, Their price is 375 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 2.91 crores.

With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 14,702 / sq.foot, with an average ₹ 15,725 / sq.foot price in Mumbai. The properties with the highest average prices have 4 BHK. They are 128 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 28,576 / sq.foot.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.28 crores it is 80 % cheaper than the average price in Mumbai. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 2.83 crores it is 122 % 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 ₹ 796 / sq.foot followed by "Villa" priced at ₹ 13,178 / sq.foot. "Office" is the most costly type of property with a ₹ 26,161 / sq.foot cost followed by "House" with an average price of ₹ 18,950 / sq.foot.

Charts data
Average price August
Average price per sq.foot August
Number of properties used in Mumbai
Number of properties used in region Maharashtra
₹ 1.28 crores
₹ 15,725
11,87,772
25,68,356
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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