In the first half of 2023, south-central Mumbai had the highest average real estate price rate of around **** thousand Indian rupees per square foot in the Mumbai metropolitan region. Peripheral central suburbs recorded the cheapest property rates.

Mumbai’s real estate market

India’s financial capital, Mumbai’s increasing population, rapid urbanization, and employment opportunities have contributed to skyrocketing property rates in the city. Its real estate market is the most expensive in India. Since the onset of the pandemic, the demand for larger units has been on the rise. In 2023, the realty market saw a surge, especially in luxury and high-end properties catering to the affluent of the city.

New metro connectivity with suburbs

As per realtors, the inauguration of new metro lines connecting the suburbs of Mumbai will provide enhanced connectivity, ease of traveling, and reduced travel time. As a result, a rise in homebuying sentiment in the city, especially in the western suburban areas is expected. The area is considered to be one of the most preferred home-buying destinations in Mumbai with Bollywood actors, non-resident Indians, and industrialists vying for properties.

Key information about House Prices Growth

• India house prices grew 2.5% YoY in Jun 2025, following an increase of 5.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Jun 2025, with an average growth rate of 5.1%.
• House price data reached an all-time high of 30.6% in Mar 2011 and a record low of -11.4% in Sep 2020.

House prices in Mumbai, India, have increased significantly since 2017. The housing price index tracks changes in residential home prices since 2017. In ************, the index stood at ***** index points, suggesting an increase of over ** since the baseline year. Overall, prices experienced the strongest growth in 2023.

In 2023, Ahmedabad had the most affordable housing market of the eight biggest metropolitan areas in India with a proportion of ** percent of income to monthly instalment of a housing unit. In Mumbai the affordability index was at ** percent, the only city with higher than threshold affordability ratio set at ** percent. However, the affordability index has significantly improved from pre-pandemic times in 2019 for many cities including Mumbai, Bengaluru and NCR.

This statistic shows the average residential property prices in India in 2015, by location. In 2015, the average residential property price in Ulwe, Mumbai was ************ rupees per square foot. It was the highest in Madh-Marve in Mumbai during the measured time period.

The India Real Estate Market Report is Segmented by Business Model (Sales and Rental), by Property Type (Residential and Commercial), by End-User (Individuals/Households, Corporates & SMEs and Others), and by City (Mumbai Metropolitan Region, Delhi NCR, Pune, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad, and the Rest of India). The Market Forecasts are Provided in Terms of Value (USD).

In the second half of 2023, Mumbai remained India's most expensive city on the residential market with a square feet price of ***** Indian rupees per square feet. Among the eight biggest metropolitan areas of India Ahmedabad has the lowest square feet price at around ***** thousand Indian rupees.

NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Area Price: above 1184 Sq Ft data was reported at 20,846.000 INR/sq ft in Dec 2024. This records an increase from the previous number of 19,788.000 INR/sq ft for Sep 2024. NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Area Price: above 1184 Sq Ft data is updated quarterly, averaging 18,399.000 INR/sq ft from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 20,846.000 INR/sq ft in Dec 2024 and a record low of 15,708.000 INR/sq ft in Jun 2013. NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Area Price: above 1184 Sq Ft data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

The data was scraped from the Magicbricks website. The following are the details of the dataset:

• Title: The title of the property listing.
• Price: The monthly rent of the property.
• Area: The total area of the property in square feet.
• BHK: The number of bedrooms in the property.
• Bathrooms: The number of bathrooms on the property.
• Furnished: Whether the property is furnished or not.
• Balconies: The number of balconies in the property.
• Floor: The floor number of the property.
• Ownership: The type of ownership of the property (i.e., freehold, leasehold, etc.).
• Facing: The direction the property faces.
• Amenities: The amenities that are available in the property or the surrounding area.
• Transaction Type: Whether the property is for sale or rent.
• Property Type: The type of property (i.e., apartment, house, villa, etc.).
• Location: The location of the property.
• Year of Construction: The year the property was built.
• Is Luxury: Whether the property is considered to be a luxury property.
• Description: A brief description of the property.
• Property Image: A link to the property image.

Key points in the dataset are :

1) This dataset can be used to gain insights into the rental market in Mumbai. For example, you could use the data to analyze the average rent for different types of properties, the most popular neighborhoods for renters, or the factors that affect the price of rent. You could also use the data to identify trends in the rental market, such as the increasing popularity of furnished apartments or the rising prices of luxury properties.

2) The dataset could also be used by real estate agents to help their clients find rental properties that meet their needs and budget. Additionally, the data could be used by developers to make informed decisions about the types of properties to build in Mumbai.

3) Overall, this dataset is a valuable resource for anyone who is interested in the rental market in Mumbai. It can be used to gain insights into the market, identify trends, and make informed decisions.

(Disclaimer: The data in this dataset has been gathered from publicly available sources. While the data is believed to be reliable and all privacy policies have been observed, No personal information such as email addresses, mobile numbers, or physical addresses hasn't been collected. I scrape data from the website Magicbricks to study the real estate market of Mumbai. ) Thank you !!!

NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Area Price: less than 646 Sq Ft data was reported at 24,903.000 INR/sq ft in Dec 2024. This records an increase from the previous number of 24,179.000 INR/sq ft for Sep 2024. NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Area Price: less than 646 Sq Ft data is updated quarterly, averaging 21,708.000 INR/sq ft from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 24,903.000 INR/sq ft in Dec 2024 and a record low of 15,531.000 INR/sq ft in Jun 2013. NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Area Price: less than 646 Sq Ft data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

The south zone in Mumbai, India, had the highest rental cost in 2024, followed by the harbor and the central part of the city. That is because of the concentration of commercial activity in particular areas in the city, thus boasting demand and rental prices. In Mumbai South, the median apartment rent ranged between ******* and ******* Indian rupees per month.

NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Area Price: 646-1184 Sq Ft data was reported at 29,058.000 INR/sq ft in Dec 2024. This records an increase from the previous number of 28,398.000 INR/sq ft for Sep 2024. NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Area Price: 646-1184 Sq Ft data is updated quarterly, averaging 24,628.000 INR/sq ft from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 29,058.000 INR/sq ft in Dec 2024 and a record low of 16,398.000 INR/sq ft in Jun 2013. NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Area Price: 646-1184 Sq Ft data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

NHB: Market Price for Under-Construction Properties: FQMA: Housing Price Index: 2012-2013=100: Maharashtra: Mumbai data was reported at 136.000 2012-2013=100 in Mar 2018. This records an increase from the previous number of 135.000 2012-2013=100 for Dec 2017. NHB: Market Price for Under-Construction Properties: FQMA: Housing Price Index: 2012-2013=100: Maharashtra: Mumbai data is updated quarterly, averaging 121.500 2012-2013=100 from Jun 2013 (Median) to Mar 2018, with 20 observations. The data reached an all-time high of 136.000 2012-2013=100 in Mar 2018 and a record low of 102.000 2012-2013=100 in Jun 2013. NHB: Market Price for Under-Construction Properties: FQMA: Housing Price Index: 2012-2013=100: Maharashtra: Mumbai data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA011: Housing Price Index: National Housing Bank: Market Price for Under-Construction Properties: 2012-2013=100: Four Quarter Moving Average.

As of September 2025, Mumbai had the highest cost of living among other cities in the country, with an index value of ****. Gurgaon, a satellite city of Delhi and part of the National Capital Region (NCR) followed it with an index value of ****.  What is cost of living? The cost of living varies depending on geographical regions and factors that affect the cost of living in an area include housing, food, utilities, clothing, childcare, and fuel among others. The cost of living is calculated based on different measures such as the consumer price index (CPI), living cost indexes, and wage price index. CPI refers to the change in the value of consumer goods and services. The wage price index, on the other hand, measures the change in labor services prices due to market pressures. Lastly, the living cost indexes calculate the impact of changing costs on different households. The relationship between wages and costs determines affordability and shifts in the cost of living. Mumbai tops the list Mumbai usually tops the list of most expensive cities in India. As the financial and entertainment hub of the country, Mumbai offers wide opportunities and attracts talent from all over the country. It is the second-largest city in India and has one of the most expensive real estates in the world.

Sydney was the markets with the highest rent for industrial and logistics real estate in the Asia-Pacific (APAC) region in the second half of 2023. Sydney had an average net asking rent of over ** U.S. dollars per square meter per month, * U.S. dollars above the average rent in the second-ranking market, Brisbane. Rents in India, on the other hand, were substantially lower. In Mumbai, Bangalore, and Delhi, the square meter rent was less than * U.S. dollar.

NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Unit data was reported at 1,304.000 Unit in Dec 2024. This records an increase from the previous number of 1,283.000 Unit for Sep 2024. NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Unit data is updated quarterly, averaging 896.000 Unit from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 2,155.000 Unit in Mar 2024 and a record low of 140.000 Unit in Jun 2020. NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Unit data was reported at 10,139.000 Unit in Dec 2024. This records an increase from the previous number of 9,973.000 Unit for Sep 2024. NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Unit data is updated quarterly, averaging 5,138.000 Unit from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 11,516.000 Unit in Mar 2024 and a record low of 845.000 Unit in Jun 2020. NHB: Assessment Price: FQMA: Maharashtra: Mumbai: Carpet Unit data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

NHB: Assessment Price: FQMA: Housing Price Index: 2012-13=100: Maharashtra: Mumbai data was reported at 144.000 2012-2013=100 in Mar 2018. This records an increase from the previous number of 142.000 2012-2013=100 for Dec 2017. NHB: Assessment Price: FQMA: Housing Price Index: 2012-13=100: Maharashtra: Mumbai data is updated quarterly, averaging 125.000 2012-2013=100 from Jun 2013 (Median) to Mar 2018, with 20 observations. The data reached an all-time high of 144.000 2012-2013=100 in Mar 2018 and a record low of 104.000 2012-2013=100 in Jun 2013. NHB: Assessment Price: FQMA: Housing Price Index: 2012-13=100: Maharashtra: Mumbai data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA005: Housing Price Index: National Housing Bank: Assessment Price: 2012-2013=100: Four Quarter Moving Average.

NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Area Price data was reported at 14,951.000 INR/sq ft in Dec 2024. This records an increase from the previous number of 13,808.000 INR/sq ft for Sep 2024. NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Area Price data is updated quarterly, averaging 13,066.000 INR/sq ft from Jun 2013 (Median) to Dec 2024, with 47 observations. The data reached an all-time high of 15,308.000 INR/sq ft in Mar 2021 and a record low of 10,246.000 INR/sq ft in Jun 2013. NHB: Assessment Price: FQMA: Maharashtra: Navi Mumbai: Carpet Area Price data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA007: Housing Price Index: National Housing Bank: Assessment Price: Carpet Area Price: Four Quarter Moving Average.

NHB: Market Price for Under-Cosntruction Properties: FQMA: Maharashtra: Mumbai: Carpet Area Price: 646-1184 Sq Ft data was reported at 30,662.000 INR/sq ft in Sep 2024. This records an increase from the previous number of 30,332.000 INR/sq ft for Jun 2024. NHB: Market Price for Under-Cosntruction Properties: FQMA: Maharashtra: Mumbai: Carpet Area Price: 646-1184 Sq Ft data is updated quarterly, averaging 26,300.500 INR/sq ft from Jun 2013 (Median) to Sep 2024, with 46 observations. The data reached an all-time high of 30,662.000 INR/sq ft in Sep 2024 and a record low of 19,192.000 INR/sq ft in Jun 2013. NHB: Market Price for Under-Cosntruction Properties: FQMA: Maharashtra: Mumbai: Carpet Area Price: 646-1184 Sq Ft data remains active status in CEIC and is reported by National Housing Bank. The data is categorized under India Premium Database’s Construction and Property – Table IN.EA013: Housing Price Index: National Housing Bank: Market Price for Under-Construction Properties: Carpet Area Price: Four Quarter Moving Average.