3 BHK Flats in Mumbai for Sale - P5

Find the picture-perfect 3 BHK flats for sale in Mumbai in popular and posh localities on Square Yards. You can find 3 BHK flats in Mumbai for sale with top-notch amenities in prominent localities like Sion, Malad West, Mulund West, Andheri West. Choose from furnished and semi-furnished 3 BHK in Mumbai, catering to your preferences and family requirements. Discover a peaceful lifestyle surrounded by parks, schools, and malls nearby, striking a perfect balance between comfort and city convenience. - Page 5

Buying a 3 BHK flat in Mumbai for sale can be a tiring and daunting task. The city is rife with fraudulent brokers and expensive units, making it easy to become overwhelmed when deciding where to live. But don't worry – Square Yards is here to help. Our website makes finding a 3 BHK Flat for Sale in Mumbai much easier, offering a wide range of property options and various types of homes in every neighbourhood. Let us take the hassle out of your search and help you find your perfect home in this city.

Malad West

Malad West is a lively area in Mumbai that offers a perfect mix of work-life balance. Another perk of this locality is its proximity to areas like Goregaon and Andheri. Residents in Malad West can explore large malls like Inorbit and Infinity and unwind in beautiful parks such as Mindspace Garden. Additionally, the area is home to reputable schools, including Ryan International and St. Joseph’s, providing excellent education options. With nearby train stations at Malad and Kandivali, commuting is a breeze. The area is also well-connected by major roads like Link Road and Swami Vivekananda Road. Malad West is an ideal spot to find your perfect 3 BHK Flat for Sale in Mumbai.

Flats for Sale in Malad West, Mumbai

Sion

Sion is in the central part of Mumbai, making living there convenient. Important areas like Dadar and Matunga surround it. Good schools such as SIES High School and Don Bosco High School are nearby. Residents enjoy nature in Sion Fort Garden and Five Gardens. With Sion station close by and major roads like the Eastern Express Highway, moving around is easy. Sion is a great choice for buying flats, offering a mix of city life and quiet spots.

Flats for Sale in Sion, Mumbai

Goregaon West

Goregaon West is a sought-after suburb in Mumbai known for its green spaces and residential appeal. It is close to areas like Andheri and Malad, offering a blend of tranquillity and city life. The locality features renowned schools such as Vibgyor High School and St. John's Universal School, making it ideal for families. Popular shopping destinations include City Centre Mall and Oberoi Mall. Goregaon West is well-connected by the Goregaon station and roads like the Western Express Highway, providing easy access to other parts of Mumbai. It's a perfect place to buy flats for modern amenities and natural beauty.

Flats for Sale in Goregaon West, Mumbai

Chunabhatti

Chunabhatti is a peaceful and strategically located suburb in Mumbai, nestled between Sion and Kurla. It's a quieter part of the city, offering a relaxed lifestyle away from the urban rush. The area hosts several schools, including Lokmanya Tilak High School, enhancing its family-friendly appeal. Residents enjoy access to local parks and essential shops. With Chunabhatti railway station nearby and connectivity via the Eastern Express Highway, commuting is convenient. Chunabhatti offers affordable flats, making it an attractive option for those seeking a calm yet connected place to live.

Flats for Sale in Chunabhatti, Mumbai

Kandivali East

Kandivali East is a rapidly growing Mumbai suburb known for its modern infrastructure and family-friendly environment. It's home to well-regarded schools like Thakur Public School and Cambridge School, catering well to young families. The area features multiple shopping centres, such as Growel's 101 and Thakur Mall, providing ample entertainment and shopping options. Kandivali East enjoys excellent connectivity through Kandivali station and the Western Express Highway, making travel across Mumbai easy. If you are looking for a 3 BHK Flat for Sale, It's an excellent place to buy flats, offering comfort and convenience in a dynamic setting.

Flats for Sale in Kandivali East, Mumbai

About Mumbai

Mumbai, famously known as the 'City of Dreams', is also the economic powerhouse of India, where millions find their livelihood and turn their aspirations into reality. The city is constantly evolving, with recent developments in Mumbai and its neighbouring suburbs like Thane and Navi Mumbai enhancing the standard of living and expanding residential opportunities. This growth reshapes the skyline and improves the infrastructure, connectivity, and amenities, making Mumbai a more livable and efficient global city.

Rest assured, it's a wise choice if you're contemplating investing in property here. Mumbai's robust transit system, including its lifeline of local trains supplemented by metro and monorail services, ensures excellent connectivity across the city. When scouting for a 3 BHK Flat for Sale, consider the locality's connectivity, infrastructure, and amenities. Each area offers unique advantages, making every investment in Mumbai's real estate a financial decision and a step towards a richer, more fulfilling lifestyle.

Stamp Duty and Registration Charges in Mumbai 2024

Stamp duty charges in Mumbai follow the guidelines established by the Maharashtra Stamp Act of 1958, recently updated by the government. The amount of stamp duty and registration fees you'll pay depends on several factors, including the property type, the owner's gender, location, market value, and age. Here is a summary of the revised rates:

Additionally, it's noted that:

• A 1% Local Body Tax is included in the stamp duty for flats/apartments.
• For properties valued over ₹30 Lakh, the registration fee is fixed at ₹30,000.
• Charges can be calculated using Ready Reckoner Rates, and an online calculator is available for convenience.

Market Trend for Mumbai Real Estate

The real estate market in Mumbai continues to thrive without any signs of a downturn in recent decades. The presence of multinational corporations and key figures in the entertainment industry has solidified Mumbai's status as the financial epicentre of India. This has fueled remarkable economic growth, bolstered the job market, and improved living standards across the city.

In the initial quarter of 2024, the demand for residential properties in Mumbai rose by 3.1% quarter-over-quarter, while residential prices also experienced a modest increase of 5% in the same period.

According to data from the IGR, during the final quarter of 2023, the Mumbai Metropolitan Region confirmed its leading position as India’s premier residential market, with 46,638 property transactions amounting to Rs 39,170 crore. This momentum of positive growth extended into the first quarter of 2024.

Major developers are spearheading prominent developments and large townships. Noteworthy residential projects and localities for purchasing flats in Mumbai include Lodha Woods in Kandivali East, VKG Krishna Residences in Chatkala, Dotom Isle and Auris Serenity in Malad West, Oberoi Springs in Andheri West, Atmiya Centria in Santacruz East, Ruparel Panache in Santacruz West, White City Phase 2 Wing B in Lokhandwala Township Kandivali East, Romell Orbis in Andheri East, and Lodha Eternis in the Chakala Industrial Area MIDC.

The micro-markets of Malad-Kandivali are leading with an average rate of INR 18,300 per sq.ft., closely followed by the areas in Andheri East-Jogeshwari East at an average rate of INR 19,700 per sq. ft. These areas are in high demand due to their proximity to business hubs, strong retail infrastructure, and excellent connectivity.

Now is an opportune time for investors or those considering purchasing flats in Mumbai as a future investment. The average price per square foot for multi-storey apartments is INR 29,600, builder floors are INR 10,300, and villas are INR 42,000.

In the first quarter of 2024, the demand and supply for 2 BHK configurations in Mumbai were notably high, accounting for 48% of demand and 43% of supply. The demand and supply for 1 and 2 BHK units comprised 71% of the demand and 63% of the supply, demonstrating robust market activity. Mid-segment properties, priced between INR 15,000 and 25,000 per sq.ft., dominated the market regarding demand and rates, accounting for 54% and 47%, respectively.

Circle Rate in Mumbai

The circle rates (guidance or ready reckoner rates) are government-determined minimum values for selling property in specific areas. These rates are crucial for calculating stamp duties during property transactions. Below are the approximate circle rates for the specific localities in Mumbai you're interested in: