Being a real estate hotspot, Mumbai is one of the few cities which garners maximum investors as well as homebuyers’ attention throughout the year. The property prices in the city are always 30-40% higher than other tier 1cities, and it has every reason to be so. In the past few years, owing to its high ROI, top-notch amenities, the property prices in Mumbai have increased significantly across different locations, which has in turn nudged more investors to enter this pricey property market.
Property rates in Mumbai however vary depending on several factors like infrastructure, connectivity, demand, and supply of new housing units, to quote a few.
Average Prices in Mumbai
In the past two years, Mumbai property market not only saw a huge jump in housing demand but also climbed the priority list of investors, resulting in a surge in property prices. For instance, in top transacted locations namely Kandivali West, Borivali West and Malad West, the average prices of residential properties hovered around Rs 16,000- Rs 18,500 per Sq. Ft. The earlier noting a year-on-year price appreciation of 1%-5%The latest residential offerings from the best builders in Mumbai, handpicked by our team of experts just for you and backed by our widely acclaimed transaction and financial services.
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