Mumbai House Price Dataset (70k+ Entries)

Dataset Overview

This dataset provides detailed information on housing prices in Mumbai, India. It includes over 70,000 entries and is ideal for analyzing various factors affecting real estate prices in the city. The dataset captures key aspects of residential properties such as price, area, property type, and more, enabling detailed insights into the real estate market trends.

Note: This data is based on the year 2024

Sources

This dataset has been scraped from makaan.com using Python and Requests library

Potential Use Cases

• Real Estate Market Analysis: Understanding property price trends across different localities and neighborhoods in Mumbai.
• Price Prediction Models: Building machine learning models to predict housing prices based on features like area, property type, and location.

Data Quality

All columns in this dataset are fully populated with non-null values

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.

India Housing Price Index: 2008-09Q4=100: Mumbai data was reported at 248.600 2008-09Q4=100 in Mar 2013. This records an increase from the previous number of 248.500 2008-09Q4=100 for Dec 2012. India Housing Price Index: 2008-09Q4=100: Mumbai data is updated quarterly, averaging 96.850 2008-09Q4=100 from Jun 2003 (Median) to Mar 2013, with 40 observations. The data reached an all-time high of 248.600 2008-09Q4=100 in Mar 2013 and a record low of 52.900 2008-09Q4=100 in Dec 2003. India Housing Price Index: 2008-09Q4=100: Mumbai data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.EA001: Housing Price Index: Reserve Bank of India. Rebased from 2008-09Q4=100 to 2010-11Q1=100. Replacement series ID: 354942667

India Real Estate Industry Report is Segmented by Property Type (Residential, Office, Retail, Hospitality, and Industrial) and Key Cities (Mumbai Metropolitan Region (MMR), Delhi NCR, Pune, Chennai, Hyderabad, Bengaluru and Rest of India). The Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

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 2.6% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2011 to Sep 2024, 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.

CEIC calculates House Prices Growth from quarterly House Price Index. National Housing Bank provides House Price Index with base 2017-2018=100. House Prices Growth covers Mumbai only. House Prices Growth prior to Q2 2014 is calculated from House Price Index with base 2007=100.

The Housing Price Index in India is a statistical measure designed to reflect the changes in housing prices across various regions. It is calculated by the Reserve Bank of India (RBI) using data from housing transactions, which include registration documents and mortgage data from banks and housing finance companies. The HPI is constructed using a base year, and the price levels of that base year are set at 100. Changes in the index from the base year reflect how housing prices have increased or decreased. The Reserve Bank compiles quarterly house price index (HPI) (base: 2010-11=100) for ten major cities, viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi. Based on these city indices, the average house price index represents all of India's house price movements. The Housing Price Index (HPI) is a critical economic indicator that measures the changes in residential housing prices over time. In India, the HPI is an essential tool used by policymakers, economists, real estate developers, investors, and homebuyers to gauge the trends in the real estate market. The HPI helps track the inflation or deflation in the housing market, thus providing insights into the economy's overall health.

The India commercial real estate market exhibits robust growth potential, driven by a burgeoning economy, increasing urbanization, and a thriving IT and business process outsourcing (BPO) sector. The market size, valued at approximately $40.71 billion in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 21.10% from 2025 to 2033. This expansion is fueled by significant demand for office spaces from multinational corporations and startups, particularly in major metropolitan areas like Mumbai, Bangalore, Delhi, and Hyderabad. The rise of e-commerce and logistics also significantly boosts the industrial and logistics segment. However, factors such as regulatory hurdles, fluctuating interest rates, and the occasional economic slowdown could potentially act as restraints on market growth. The segmentation of the market into offices, retail, industrial and logistics, and hospitality reflects diverse investment opportunities. Key players such as DLF Ltd, Godrej Properties Ltd, and others, alongside prominent real estate agencies like JLL India and Anarock Property Consultants, are shaping the market landscape through their development projects and brokerage services. The increasing preference for flexible workspaces and the adoption of smart building technologies are significant trends influencing market development. The forecast period of 2025-2033 anticipates substantial growth, particularly in the office and industrial segments, driven by ongoing infrastructure development and government initiatives to improve ease of doing business. Competition amongst developers is expected to remain high, leading to innovation in design, construction, and property management. The market is characterized by both established players and emerging startups, indicating a dynamic and competitive environment. The consistent growth in major cities is likely to encourage further investment and development in tier-2 and tier-3 cities over the forecast period. While challenges remain, the overall outlook for the India commercial real estate market remains positive, promising significant returns for investors and stakeholders in the coming years. Recent developments include: November 2022: Tiger Global sponsored a cooperation between the occupancy detection platform Butlr and the data and technology company Propstack which would enable occupancy sensing across commercial real estate projects in India. To make data-driven real estate decisions and enhance the workplace experience, Propstack's Indian clients would be able to obtain and use occupancy and space usage data offered by Butlr, thanks to this agreement., April 2022: The Canada Pension Plan Investment Board ("CPP Investments") and TATA Realty and Infrastructure Limited established a joint venture to build and own commercial office space in India. Aiming to handle assets worth more than INR 50 billion (USD 604.18 million), the joint venture will focus on stabilizing and developing assets. With a pledge of INR 26 billion from CPP Investments, the joint venture's total aggregate equity value would be INR 53 billion (USD 640.43 million).. Key drivers for this market are: Increasing need for contemporary office spaces, Urban and semi-urban lodging are acting as other significant growth-inducing factors. Potential restraints include: Increasing need for contemporary office spaces, Urban and semi-urban lodging are acting as other significant growth-inducing factors. Notable trends are: Office space demand to propel the market in India.

The Indian commercial real estate (CRE) market is experiencing robust growth, projected to reach a market size of ₹40.71 billion (approximately USD 5 billion) in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 21.10% from 2019 to 2033. This expansion is fueled by several key drivers. Strong economic growth in India, coupled with increasing urbanization and a burgeoning middle class, is driving demand for office spaces, retail outlets, and industrial and logistics facilities. The rise of e-commerce and the expansion of technology companies are significant contributors to this growth, especially in major metropolitan areas like Mumbai, Bangalore, Delhi, and Hyderabad. Furthermore, government initiatives aimed at infrastructure development and ease of doing business are further stimulating investment in the sector. However, challenges remain. High land prices in major cities, regulatory hurdles, and the impact of global economic uncertainty present potential restraints on market growth. The market is segmented by property type (Offices, Retail, Industrial & Logistics, Hospitality) and location, with significant activity across major cities and a growing presence in other urban centers. The competitive landscape includes established players like DLF Ltd, Prestige Estate Projects Ltd, and Godrej Properties Ltd, alongside several real estate agencies, startups, and associations. The projected CAGR of 21.10% suggests a significant expansion of the Indian CRE market in the forecast period (2025-2033). While challenges exist, the underlying fundamentals of strong economic growth and increasing urbanization point towards continued robust growth. The dominance of major cities in the market is likely to continue, though we can anticipate a gradual increase in activity in other emerging urban centers driven by infrastructure improvements and decentralized economic activity. The competitive landscape will likely see further consolidation as larger players acquire smaller firms and the market matures. The segment showing the most potential for growth likely includes Industrial and Logistics given the continued boom in e-commerce and supply chain optimization needs. Continued monitoring of macroeconomic factors, government policies, and technological advancements will be crucial to accurately forecast future market trends. This in-depth report provides a comprehensive analysis of the India commercial real estate market, covering the period 2019-2033, with a focus on the current landscape (Base Year: 2025) and future projections (Forecast Period: 2025-2033). The report leverages data from the historical period (2019-2024) and incorporates insights from key players such as DLF Ltd, Prestige Estate Projects Ltd, and others, to deliver a data-driven outlook on this dynamic sector. This report is crucial for investors, developers, and industry professionals seeking to navigate the complexities of India's burgeoning commercial real estate scene. The report is specifically designed to maximize visibility through strategic use of high-search-volume keywords, including India commercial real estate market, Indian office space market, Indian retail real estate, Indian logistics real estate, Mumbai commercial property, Bangalore commercial real estate, Delhi NCR commercial property, and more. Key drivers for this market are: Increasing need for contemporary office spaces, Urban and semi-urban lodging are acting as other significant growth-inducing factors. Potential restraints include: Availability of Financing. Notable trends are: Office space demand to propel the market in India.

The dataset contains year-, quarter- and city-wise data on the Housing Price Index in Indian and among its various cities such as Ahmedabad, Bangalore, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, Mumbai, etc.

Key information about India Gold Production

• India Real Residential Property Price Index was reported at 152.986 2010=100 in Sep 2024.
• This records a decrease from the previous number of 157.301 2010=100 for Jun 2024.
• India Real Residential Property Price Index data is updated quarterly, averaging 157.919 2010=100 from Mar 2009 to Sep 2024, with 63 observations.
• The data reached an all-time high of 177.067 2010=100 in Jun 2019 and a record low of 88.901 2010=100 in Mar 2009.
• India Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Mumbai recorded strong property registrations in March 2023 despite recent repo rate hikes. Home buyers in Mumbai city, an area under BMC jurisdiction, have shown commitment in residential property purchase. The number of property registrations in March 2023 amounted to ******, which was a decrease from the same month in 2021 and 2022, but well above the figures for 2013 to 2020.

The global residential real estate market, valued at $11.14 billion in 2025, is projected to experience robust growth, driven by several key factors. A significant driver is the increasing global population and urbanization, leading to heightened demand for housing, particularly in rapidly developing economies within Asia and the Middle East. Furthermore, favorable government policies aimed at stimulating housing development, along with low-interest rates in certain regions, have fueled market expansion. The segment encompassing apartments and condominiums consistently holds a substantial market share, reflecting the preference for urban living and compact housing solutions. However, the landed houses and villas segment also maintains considerable strength, catering to the demand for larger, more spacious properties, particularly in affluent suburban or rural areas. Competition within the industry is fierce, with major players like DLF Ltd, PulteGroup Inc, and Engel & Volkers AG vying for market dominance through strategic acquisitions, innovative project development, and focused marketing strategies. Growth is expected to be uneven across regions. North America and Europe, while possessing mature markets, still contribute significantly due to steady demand and ongoing redevelopment projects. However, the fastest growth rates are anticipated in Asia Pacific and the Middle East, driven by burgeoning economies and expanding middle classes seeking improved living standards. Challenges remain, including rising construction costs, fluctuating interest rates, and the potential impact of economic downturns, all of which could temper growth in specific markets. Despite these potential headwinds, the long-term outlook for the residential real estate sector remains positive, projecting a compound annual growth rate (CAGR) of 6.07% through 2033, indicating a substantial market expansion over the forecast period. Understanding regional nuances and market-specific regulations will be critical for companies seeking success in this dynamic sector. This insightful report provides a deep dive into the global residential real estate industry, analyzing market trends, key players, and future growth projections from 2019 to 2033. With a focus on crucial segments like apartments and condominiums, landed houses and villas, and emerging industry developments, this research is essential for investors, developers, and anyone seeking a comprehensive understanding of this dynamic sector. The report leverages data from the historical period (2019-2024), the base year (2025), and forecasts through the estimated year (2025) and forecast period (2025-2033). Keywords: Residential Real Estate Market, Real Estate Investment, Real Estate Trends, Housing Market, Property Market, Apartment Market, Condominium Market, Villa Market, Real Estate Development, Real Estate Investment Trusts (REITs), Real Estate Market Analysis, Global Real Estate Market Recent developments include: December 2023: The Ashwin Sheth group is planning to expand its residential and commercial portfolio in the MMR (Mumbai Metropolitan Area) region, India., November 2023: Tata Realty and Infrastructure, a wholly-owned subsidiary of Tata Sons, plans to grow its business with more than 50 projects in major cities in India, Sri Lanka and the Maldives. The projects have a development potential of more than 51 million square feet.. Key drivers for this market are: Rapid urbanization, Government initiatives. Potential restraints include: High property prices, Regulatory challenges. Notable trends are: Increased urbanization and homeownership by elderly.

The Indian luxury residential real estate market, valued at $38.02 million in 2025, is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 21.81% from 2025 to 2033. This surge is driven by several factors. Increased high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) in India, coupled with a burgeoning aspirational middle class seeking upscale living, fuels strong demand. Furthermore, a preference for larger, more luxurious properties, particularly villas and landed houses in prime locations like New Delhi, Mumbai, and Bengaluru, is a key trend. Improved infrastructure, greater investment in smart home technologies, and a growing preference for sustainable and eco-friendly developments also contribute to market expansion. However, regulatory challenges, including land acquisition complexities and fluctuating government policies, pose potential restraints to growth. Competition from established players like DLF, Mahindra Lifespaces, and Oberoi Realty, alongside newer entrants, further shapes the market dynamics. The segment encompassing villas and landed houses is anticipated to dominate, driven by the preference for spacious living and privacy amongst the target demographic. While data on specific regional markets outside of India is limited, it's reasonable to assume that the Indian market represents a significant portion of the overall luxury segment within the Asia-Pacific region, given its economic growth and increasing affluence. Therefore, understanding the Indian market is crucial for any player aiming for success in the luxury residential sector in the Asia-Pacific region. The segmentation within the Indian market itself reveals noteworthy trends. While cities like New Delhi, Mumbai, Bengaluru, and Chennai remain dominant hubs for luxury properties, the "Other Cities" segment is likely experiencing growth as affluence expands to secondary urban centers. The presence of significant players like Godrej Properties, Lodha Group, and Prestige Group reflects the market’s maturity and competitive intensity. The forecast period of 2025-2033 promises continued expansion, however, sustained growth hinges on addressing regulatory challenges and mitigating potential economic headwinds. Continuous innovation in design, amenities, and sustainable practices will be key differentiators for success in this dynamic market. Recent developments include: March 2023: In 72 hours, DLF sold a USD 1 billion luxury residential project, while its rival, Godrej Properties, is offering USD 3 million apartments to invite-only clients in two off-plan deals that signal a revival in luxury real estate., February 2023: Oberoi Realty has acquired a penthouse in a high-end project called Three Sixty West, developed by Oberoi Realty in association with Sahana Group. The project is located on Dr. Annie Besant Road, in the heart of Mumbai’s poshest Worli locality. Oberoi Realty purchased a penthouse in Three Sixty West for INR 230,55 crore. (USD 278 Million ). Key drivers for this market are: 4., Rapid Urbanization and Changing Lifestyle4.; Improved Infrastructure. Potential restraints include: 4., Rising Construction Cost. Notable trends are: The growing presence of (HNIs) and (UHNIs) in major cities across the nation..

Housing Index in India increased to 122 points in the first quarter of 2025 from 120 points in the fourth quarter of 2024. This dataset provides - India NHB Residex - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The India office real estate market, currently valued at approximately $33.41 billion (assuming "Value Unit Million" refers to USD Million), is experiencing robust growth, projected to expand at a compound annual growth rate (CAGR) of 28.50% from 2025 to 2033. This significant expansion is driven by several key factors. Firstly, India's burgeoning IT and tech sector, coupled with a growing number of multinational corporations establishing operations within the country, fuels an ever-increasing demand for modern, high-quality office spaces. Secondly, the ongoing urbanization and economic development across major cities like Bengaluru, Hyderabad, Mumbai, and other significant urban centers, are creating strong localized markets. Finally, investments in infrastructure development and a positive business environment continue to attract foreign and domestic investments in the commercial real estate sector. The market is segmented by major cities, reflecting varying levels of development and demand. Key players, including Prestige Estate Projects Ltd, Cushman & Wakefield, and DLF Limited, are competing for market share through a diverse range of offerings catering to specific industry needs and preferences. However, certain restraints exist. While the overall market is robust, potential challenges include fluctuations in the broader economic climate which can impact investment decisions and rental rates. Furthermore, maintaining a balance between supply and demand requires careful market analysis and strategic planning by developers. The evolving nature of work patterns and the increasing adoption of hybrid work models may also influence long-term demand. Despite these considerations, the continued expansion of India's economy, combined with consistent foreign direct investment and ongoing infrastructure improvements, positions the India office real estate sector for sustained and significant growth over the forecast period. The market’s dynamism necessitates ongoing monitoring of key economic indicators and evolving work trends to effectively assess opportunities and risks. This comprehensive report provides an in-depth analysis of the India office real estate industry, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report offers valuable insights into historical trends (2019-2024) and future forecasts (2025-2033). It examines key market segments, leading players, and emerging trends, equipping stakeholders with the knowledge needed to navigate this dynamic sector. The report utilizes high-search-volume keywords such as India office space, commercial real estate India, Indian office market trends, Bengaluru office market, Mumbai office space, Hyderabad commercial real estate, and Indian real estate investment. Recent developments include: October 2022: Colliers International, a global real estate consulting firm, announced that the major six cities in India (Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai, and Pune) planned to develop more than 300 million square feet of existing and upcoming commercial office buildings., August 2022: Hines Ltd. (the US-based real estate firm) planned to develop an office building comprising 9 lakh square feet of leasable area in Mumbai. In addition, the company has already completed two commercial projects in Gurugram, comprising 1.4 million square feet. Thus, the company is planning to increase its footprint in India by developing commercial projects.. Key drivers for this market are: Improvements in Infrastructure and New Development, Population Growth and Demographic Changes. Potential restraints include: Housing Shortages, Increasing Awareness towards Environmental Issues. Notable trends are: Demand for Office Space Increased in 2021.

From 2016 to 2020, the cumulative demand for residential housing among the low income group of the eight biggest cities of India was **** million housing units, whereas the supply was only ****** units. Thereby, there existed a significant gap between demand and supply in this income group. The gap is much smaller in the middle and high income groups. In the latter group, a demand of ******* units faces a supply of ******* units.

As of 2022, it was estimated that it would take *** yearly quarters to sell the unsold residential property across the metropolitan region of Mumbai in India. This was a decrease in comparison to the previous year by at least 3 quarters.

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.

In 2023, the unsold inventory of residential housing units in the Mumbai metropolitan region of India reached an average age of *** quarters. Among the eight biggest metropolitan areas of India, Pune recorded the lowest average age of unsold inventory with *** quarters.