Mumbai Property Rates 2026
Real Estate Mumbai publishes indicative apartment asking-rate benchmarks, 1–4 BHK rent ranges and commercial rates across 101 Mumbai-region localities — the simple average of tracked residential locality midpoints is about ₹47,710 per sq ft (carpet), reviewed May 2026. Tap any area below for its full rate page.
How these Mumbai property rates are prepared
Basis: editorial locality benchmarks for residential asking prices, monthly 1–4 BHK rents and commercial asking rates, shown alongside counts from current REM inventory.
Interpretation: these are indicative market ranges, not registered transaction consideration, a valuation certificate or a statutory Ready Reckoner quote. Building, floor, view, condition, tenure and exact carpet area can materially change a property’s value.
Freshness: the benchmark table was last reviewed in May 2026. Current listing counts update separately; request a building-specific comparable set before making a decision.
💎 Most expensive areas
- Altamount Road — ₹2,00,000/sqft
- Bandra West — ₹2,00,000/sqft
- Nepeansea Road — ₹1,75,000/sqft
- Worli — ₹1,65,000/sqft
- Nariman Point — ₹1,55,000/sqft
- Walkeshwar — ₹1,55,000/sqft
💰 Most affordable areas
🏛️ South Mumbai
🌊 Worli to Mahim
🌊 South Western Suburbs
🌊 North Western Suburbs
🏭 Eastern Suburbs
🌆 Central Mumbai
🏘️ Mira Bhayandar / Vasai Virar
🏘️ Beyond Virar
🏞️ Thane
🏔️ Beyond Thane
🌉 New Mumbai
Mumbai property rates — FAQs
Which is the most expensive area in Mumbai?
As of May 2026, the priciest residential areas tracked by Real Estate Mumbai are Altamount Road (up to ₹2,00,000/sqft), Bandra West (up to ₹2,00,000/sqft), Nepeansea Road (up to ₹1,75,000/sqft).
Which are the most affordable areas to buy in Mumbai?
The most affordable areas to buy (per sqft, May 2026) include Boisar (from ₹4,500/sqft), Saphale (from ₹4,500/sqft), Ambernath (from ₹6,000/sqft).
What is the average property rate in Mumbai?
Across 100 localities Real Estate Mumbai tracks, the average residential rate is about ₹47,710 per sqft (carpet) as of May 2026.
Want an accurate valuation?
These are indicative area rates. For a specific building or your own property, our advisors will give you a precise, up-to-date number.
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