Frequently Asked Questions
How much have property rates in Mumbai increased year-over-year?
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Property rates in Mumbai have risen by 7.60% over the past year. The average land rate in Mumbai is ₹ 945 per square foot.
What is the range of property rates in Mumbai?
Mumbai has over 2512 properties listed for sale, with prices ranging from Rs 3174 to Rs 53764 per sqft. It's important to note that these prices vary based on property size and location, with prime locations commanding higher prices.
What is the current state of the Mumbai real estate market?
The first quarter of 2024 saw significant activity in Mumbai's real estate sector, with property prices increasing by approximately 12% compared to the previous quarter. Mumbai is among the top three cities in India for real estate price growth, with strong demand for residential properties, increased sales volumes, and new project launches.
Which areas in Mumbai are considered good for property investment?
Several popular Mumbai localities are attractive for investment. These include:Malad West, Andheri West, Chembur, Mira Road East, Borivali West.
Which up-and-coming areas around Mumbai offer good long-term investment potential?
For long-term investment with potentially higher returns, consider areas like Panvel, Ulwe, Thane West, Karanjade, and Bhiwandi.
What is the average Mumbai flat price?
The average flat price in Mumbai is approximately ₹3 crores.