| 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.
|
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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