How much does it cost to buy an apartment in Mumbai?
The average weighted cost of an apartment in Mumbai is Rs 3.03 crore or Rs 20,449 per square foot.
Which is best place to buy flat in Mumbai?
Top 5 Locations to Invest in Residential Real Estate in Mumbai
- South Mumbai. South Mumbai is one of the most expensive living pockets of the city.
- Lower Parel. Lower Parel is the corporate hub where many businesses have their company offices as well as headquarters.
- Bandra.
- Worli.
- Juhu.
Is it easy to buy a house in Mumbai?
Being one of the most expensive real estate markets of India, Mumbai surely makes home buying a difficult decision for first-time buyers. So if you too are looking for your first home in the financial capital of India, here are the prospective locations where you can find a home in your budget.
Is Navi Mumbai expensive?
Summary about cost of living in Navi Mumbai, India: Family of four estimated monthly costs are 1,317$ (98,512₹) without rent. A single person estimated monthly costs are 374$ (27,990₹) without rent. Navi Mumbai is 71.90% less expensive than New York (without rent).
Why is Mumbai property so expensive?
A combination of factors such as distance from the prime South city centres to the suburbs, coupled with lack of robust infrastructure connecting these places, has led to prices surging in the prime city centres and the immediate peripheries such as Prime North (Bandra-Juhu) and South Central (Byculla-Chembur).
Why is buying a house in Mumbai so expensive?
The fundamentals that drive demand for homes in the city are the reason for Mumbai developers’ apparent ability to defy gravity and keep residential prices so high. The fact is that sales are happening for all the above reasons – and they will continue to happen.
Is Navi Mumbai cheaper than Mumbai?
Navi Mumbai is much affordable than Mumbai in terms of housing.