Mumbai Residential property rates- Outright (Updated - October 2009). Please Note: The rates of South Mumbai properties seem higher, but if you observe the ratio of carpet to built up in these locations, the difference is 8 to 10% as compared to properties in Suburbs (Bandra to Andheri) 35 to 45%. says, Chetan D. Narain (Director - Residential Properties) . See his profile here: http://www.narains.com/ceo-Residential.htm . Read his columns (published in Times Of India - Times Property) here : http://www.narains.com/RESIDENTIAL-NEWS_Mainpg.htm |
Rates mentioned below are in Indian Rupees. On per sq.ft. basis. |
Location
|
'A' Grade Bldg.
|
'B' Grade Bldg.
|
'C' Grade Bldg.
|
|
Cuffe Parade / Colaba
|
Current Rates
|
Rs.48,000 - 62,000*
|
Rs. 25,000 - 30,000
|
Rs. 20,000 - 22000
|
Rates in Oct - 2008
|
Rs.50,000 - 65,000*
|
Rs. 35,000 - 45,000
|
Rs. 22,000 - 25,000
|
|
Marine Drive / Nariman Point
|
Current Rates
|
Rs. 60,000 - 70,000 |
Rs. 22,000 - 27,000
|
Rs. 18,000 - 20,000
|
Rates in Oct - 2008
|
Rs. 70,000 - 80,000 |
Rs. 22,000 - 30,000
|
Rs. 20,000 - 22,000
|
|
Malabar / Cumballa Hill
|
Current Rates
|
Rs. 40,000 -65,000*
|
Rs. 22,000 - 35,000
|
Rs. 20,000 - 22,000
|
Rates in Oct - 2008
|
Rs. 45,000 -70,000*
|
Rs. 25,000 - 35,000
|
Rs. 22,000 - 25,000
|
|
Napean Sea / Warden Rd.
|
Current Rates
|
Rs. 40,000 -65,000*
|
Rs. 22,000 - 35,000
|
Rs. 20,000 - 22,000
|
Rates in Oct - 2008
|
Rs. 45,000 - 70,000*
|
Rs. 25,000 -35,000
|
Rs. 22,000 - 25,000
|
|
Worli
|
Current Rates
|
Rs. 30,000 - 45,000*
|
Rs. 20,000 -30,000
|
Rs.18,000 - 22,000
|
Rates in Oct - 2008
|
Rs. 35,000 - 50,000*
|
Rs. 25,000 -35,000
|
Rs.18,000 - 22,000
|
|
Prabhadevi
|
Current Rates
|
Rs. 20,000 - 24,000
|
Rs. 15,000 - 19,000
|
Rs. 13,000 - 15,000
|
Rates in Oct - 2008
|
Rs. 20,000 - 24,000
|
Rs. 17,000 - 20,000
|
Rs. 14,000 - 15,000
|
|
Bandra
|
Current Rates
|
Rs. 20,000 - 28,000
|
Rs. 15,000 - 18,000
|
Rs. 13,000 - 16,000
|
Rates in Oct - 2008
|
Rs. 22,000 - 30,000
|
Rs. 15,000 - 20,000
|
Rs. 13,000 - 16,000
|
|
Khar / Santacruz
|
Current Rates
|
Rs. 16,000 - 18,000
|
Rs. 14,000 - 16,000
|
Rs. 11,000 - 13,000
|
Rates in Oct - 2008
|
Rs. 20,000 - 22,000
|
Rs. 14,000 - 18,000
|
Rs. 11,000 - 13,000
|
|
Juhu
|
Current Rates
|
Rs. 14,000 - 22,000 |
Rs. 10,000 - 12,000
|
Rs. 7,500 - 9,000
|
Rates in Oct - 2008
|
Rs. 18,000 - 25,000 |
Rs. 12,000 - 14,000
|
Rs. 9,000 - 11,000
|
|
Lokhandwala / Versova
|
Current Rates
|
Rs. 12,000 - 14,000
|
Rs. 9,000 - 12,000
|
Rs. 6,500 - 8,000
|
Rates in Oct - 2008
|
Rs. 13,000 - 16,000
|
Rs. 9,000 - 12,000
|
Rs. 7,500 - 8,500
|
|
Powai
|
Current Rates
|
Rs. 6,000 - 9,000
|
Rs. 5,000 – 6,500
|
Rs. 3,000 – 4,500
|
Rates in Oct - 2008
|
Rs. 9,000 -11,000
|
Rs. 7500 - 9,000
|
Rs. 6000 - 7,000
|
|
Mumbai Property rates per sq.ft. Updated as on October 2009. Rates are subject to amenities, upkeep & vary from apartment to apartment within the same building depending on view, layout etc. |
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