Property prices in Mumbai

Q: I heard that property prices in Mumbai have gone down? What is the new update now? Any good reform for buyers?

Kishore Pathak, Mumbai

28th January 2013

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property rates in andheri west

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Hi all,
Can you tell me the current property rates of Andheri east and West? Can i get a 2BHK on lease in those localities? My budget is Rs. 35000-40000/month. What is the current value of residential lease in Andheri East and West?

Dayananda, Mumbai

11th June 2015

Comment

Hi Dayanand,
The current value of residential property in Andheri East is between Rs.11000-22000/sq-ft. where is in Andheri West it is between Rs. 11500-22000/sq-ft.

Yes, in this budget you will easily get a 2BHK on lease. The current value of residential lease for 2BHK in Andheri East is between Rs. 20000-50000/month whereas, in Andheri West, it is between Rs. 25000-55000/month.

Manisbapu, Mumbai

11th June 2015

The correction in prices can further be seen in plush localities in the metro region like South Mumbai and Navi Mumbai’s Palm beach road where prices hardly fluctuate and not in localities where prices are already low.

Ashish Bhoite, Mumbai

29th January 2013

Comment

Maharashtra Chamber of Housing Industry however said that prices are not going to fall any further and this is the right time to buy a property. In Mumbai, 39,295 properties have remained unsold against last year’s 34,000.

Praveen Modi, Mumbai

29th January 2013

Comment

Average per-square-foot rate in the metro region is Rs 11,295 while the average cost of a flat is down to Rs 1.17 crore.
Also, 11,000 new residential projects approximately were launched last year which led to more pile up and decline in upswing prices. Furthermore, the developers are already facing a liquidity crunch.

Vineet Tendulkar, Mumbai

29th January 2013

Comment

For the first time in 3-4 years, the average price of residential properties in Mumbai and the Mumbai Metropolitan Region (MMR) has gone down by around 1% in the last quarter.
However, the reverse has been seen for other metros like Pune, Bangalore, Hyderabad, Chennai, Delhi with weighted average prices on the upswing for the same period.

Deepankar Godbole, Mumbai

29th January 2013

Comment

A good news for property buyers in Mumbai! Now, is the correct time to invest in properties in Mumbai as there will be a slight depreciation in prices as per the real estate experts.

Shantanu Kumar, Mumbai

29th January 2013

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