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Mumbai Residential property rates- Outright (Updated - 1st June 2008).

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-Narains.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 Rs. On per sq.ft. basis.

1 $ (USD) is equivalent to Rs 43.40/-
1 € (Euro) is equivalent to Rs 67.50/-
1 £ (Pound) is equivalent to Rs 85.20/-
Location
'A' Grade Bldg.
'B' Grade Bldg.
'C' Grade Bldg.
Cuffe Parade / Colaba
Rs.50,000 - 65,000*
Rs. 35,000 - 45,000
Rs. 22,000 - 25,000
Marine Drive / Nariman Point
Rs. 70,000 - 80,000
   (NCPA Only)
Rs. 22,000 - 30,000
Rs. 20,000 - 22,000
Malabar / Cumballa Hill
Rs. 45,000 -70,000*
Rs. 25,000 - 35,000
Rs. 22,000 - 25,000
Napean Sea / Warden Rd.
Rs. 45,000 - 70,000*
Rs. 25,000 -35,000
Rs. 22,000 - 25,000
Worli
Rs. 35,000 - 50,000*
Rs. 25,000 -35,000
Rs.18,000 - 22,000
Prabhadevi
Rs. 20,000 - 24,000
Rs. 17,000 - 20,000
Rs. 14,000 - 16,000
Bandra
Rs. 22,000 - 30,000
Rs. 15,000 - 20,000
Rs. 13,000 - 16,000
Khar / Santacruz
Rs. 20,000 - 22,000
Rs. 14,000 - 18,000
Rs. 11,000 - 13,000
Juhu
Rs. 18,000 - 25,000
(Sea facing)
Rs. 12,000 - 14,000
Rs. 9,000 - 11,000
Lokhandwala / Versova
Rs. 13,000 - 16,000
Rs. 9,000 - 12,000
Rs. 7,500 - 8,500
Powai
Rs. 9,000 -11,000
Rs. 7500 - 9,000
Rs. 6000 - 7,000
Mumbai Property rates per sq.ft. Updated as on 1st June 2008 ..   
* Rates for "Carpet Area" based calculations. The difference from carpet to built up area in older buildings (1970's and before) is negligible. Rates are subject to amenities, upkeep & vary from apartment to apartment within the same building depending on view, layout etc.
 
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