The Number One Website for Mumbai City. Sunday, September 24, 2017  |  9:15:15 PM
Bangalore | Chennai | New Delhi |Goa | Hyderabad | Pune | Jaipur | Cochin | Coimbatore | Kolkata| Ahmedabad
Search     
HomeSightseeing Hotels Real Estate IT & Bio–Tech Photo Features Panorama 360° Virtual City Learn Marathi Eatouts & Pubs Art & Culture Life Style Best Builders Yellow Pages
Bangalore Best Corporate Jobs
Top10ShoppingDestinatosmumbai
TOURISM
City Map
Tips for Visitors
INFORMATION
Train Timings
Air Timings
Facts and Data
Helpline
NGO Watch
 Home > City Resources > Construction > Price Talk




Real EstateSome pockets of the suburbs have recently witnessed an increase in rental values with few large enterprises moving in. The rentals prevailing in the suburbs range from Rs. 60 - 80 per sq. ft. per month with few premium buildings commanding as high as Rs.120 per sq. ft., prices similar to those of upmarket areas in South Mumbai. The monthly rentals in areas like Nariman Point and South Mumbai range from Rs.100 - 150 per sq. ft., while retail rentals in prime areas of South Mumbai are available from Rs.180 - 220 per sq. ft. A sobering effect on rental values is likely with the new Mumbai Rent Control Act and more than 80,000 residential dwellings are expected to come into the market.

The secondary areas of Worli, Bandra-Kurla and Andheri have capital values, which have stabilised at Rs.4,500 to 7,000 per sq. ft. Values in the prime areas of South Mumbai like Nariman Point, Napean Sea Road, Colaba and Cuffe Parade have stabilised at Rs.9000 to Rs.14,000 per sq. ft. Real estate prices in secondary areas of Worli, Bandra and Juhu are prevailing in the range of Rs.5000 to Rs.9000 per sq. ft. The average capital values in the retail sector have stabilised in the range of Rs.17,000 to 20,000 per sq. ft in primary areas and Rs. 8,000 to 12,000 in secondary areas.

In the next few months, real estate in Mumbai will witness realistic trends. The market will register a slow and steady rise in prices over the coming years.

Top
Property Price Table

No one can place a finger on the exact property rates in Mumbai. The table below is only an approximate price indication per sq. ft. of both residential and commercial (including shopping) property in Mumbai, Navi Mumbai and Thane district updated as on 30 April 2000. Rates maybe more by 50 to 100% depending upon location, amenities, etc. These rates are not applicable for slum areas where the rate is much lower.

South Mumbai
  Residential Commercial

Colaba

8500-13500

9000-17500

Cuffe Parade *

8000-10000

9000-14000

Nariman Point *

7500-14500

9000-16000

Churchgate

9000-11000

9000-10000

New Marine Lines

7000-9000

8000-9000

Fountain Area

4000-5000

5000-8000

Ballard Estate

5000-7000

6000-8000

Kalbadevi

3500-5000

4000-7500

Girgaum

3000-4000

5000-6000

Marine Drive

10000-14000

11000-16000

Opera House

6000-7000

8000-12000

Malabar Hill *

10000-13000

10000-12000

Napean Sea Road *

9000-13000

10000-12000

Warden Road *

9000-11000

10000-12000

Peddar Road *

9000-11000

9000-12000

  Central Mumbai  

Worli *

3500-8000

7000-10000

Prabhadevi *

5000-6000

7000-9000

Parel (New Dev.) *

3500-6000

5000-7000

Dadar

4000-8500

5000-10000

Mahim

3000-5000

3500-5000

  North Western Mumbai(Suburbs)  

Bandra (East)

3500-4500

5000-19000

Bandra (West)

4000-9000

4500-10000

Khar (East)

2500-3000

4000-5000

Khar (West)

3000-3500

4000-7000

Santacruz (East)

2800-4000

4000-5000

Santacruz (West)

4000-6000

5000-8000

Vile Parle (East)

3000-5000

5000-7000

Vile Parle (West)

3500-5000

5000-7000

Andheri (East)

2000-3500

3000-5000

Andheri (West)

2500-3500

3500-5000

Jogeshwari

1800-2500

3000-4000

Goregaon

1800-2000

2000-3000

Malad

1800-2200

3000-6000

Kandivali (East)

1450-2200

2500-6000

Kandivali (West)

1600-2000

3000-4000

Borivali (East)

1600-2100

3000-4000

Borivali (West)

1600-2800

3500-5000

Dahisar

1500-1800

2000-3000

  Thane District **  

Mira Road

650-1100

1500-2000

Bhayander

600-1000

1000-1500

Naigaon

400-700

800-1000

Vasai Road

500-900

1500-2000

Nalasopara

700-1000

1000-2000

Virar

600-1000

1000-2000

  North Central Suburbs  

Wadala

3000-3500

3000-4000

Kings Circle

3000-3500

4000-5000

Sion

3500-4500

3500-5000

Kurla

2000-2500

2000-3000

Chembur

2500-3500

2500-4000

Ghatkopar

3000-4000

4000-7000

Vikhroli

1500-2000

1500-2000

Bhandup

1800-2000

2000-2500

Mulund

1700-3000

2500-4000

  Thane District ***  

Thane

1200-2200

2500-4000

Mumbra

650-800

1000-1500

Dombivali

700-950

1000-2000

Kalyan

900-1200

1500-3000

  Navi Mumbai  

Vashi

1100-2000

2000-3000

Koparkhairaine

800-1000

1500

Airoli

900-1400

2000-2500

Sanpada

850-1000

1500-2000

Nerul

1000-1200

1500-1800

Kokan Bhavan (CBD)

1000-1300

750-1300

Kharghar

750-1000

 

Kalamboli

800-900

1000-1200

Panvel

850-1100

2000-2500

(Source: Accommodation Times)

* Prime areas where property is available in South Mumbai. The other areas are mostly saturated.
** Indicates Thane District in North Western Mumbai.
*** Indicates Thane District in North Central Mumbai.



BackTop
 
 
Builders
Buyer's Guide
Price Talk
The Real Scene
Property 2002
Housing Reforms
Hiranandani Group
Unitech Prefab Limited
Vinay Parelkar talks about architectural trends
Weather Proof Global Plywood
CONMIX Ltd - ready-mix concrete plasters
The Indian Institute of Architects
Marbo Granit -
Mukand Pvt Ltd
Marbonite preferred over Italian Marble  
Raheja Corporation
Hiranandani Constructions
The Great Eastern Developers
Kanakia Construction Pvt. Ltd
Evershine Builders Pvt. Ltd
Godrej Properties and Investment Ltd
Sheth Group
Tata Housing Development Co. Ltd
Mittal Builders
Puranik Builders Pvt. Ltd
Nahar Builders
Ahuja Constructions
Sahara India Housing Ltd
Lok Housing and Constructions Ltd.
GGBS from Indorama Cement Ltd