Explore Flats in Mumbai for Sale

Several studies and research pieces suggest that Mumbai's realty market is one of the most expensive ones in the country and has recorded a 14% spike in the year 2023 to 2022. This spike took the realty market to INR 827 crores in May 2023. This spike in revenue is seen due to the higher value of flat in Mumbai. In addition to the higher property values, the stamp duty rate has also contributed to the rise in revenue. Reports suggest that most of this revenue comes from property sales in the Western suburbs. However, these reports suggest that property sales in the city's Southern part contribute significantly. Two of the top localities witnessing increased housing demands are Kandivali and Malad. Some other areas are Borivali-Dahisar, Andheri West, Thane, Mira Road and Jogeshwari.

What are the top localities to buy a home or flat in Mumbai? 

Mumbai attracts numerous people from all over the country to make a living here or just invest in its realty market due to fascinating returns. The city has numerous localities that are preferred for buying or renting a home. Some of the top ones of these areas are listed below.

Malad East

Professionals working in Andheri-Borivali offices prefer Malad East for housing as the two regions are easily accessible from each other. Malad East offers excellent transportation facilities and has well-maintained parks, making it a preferred area for housing. In addition to this, it has several markets located at a walkable distance. Malad East is well-connected with the rest of the city. Also, the most significant aspect that attracts the buyers to this region is its affordable property prices that Malad West. If you are looking for flats in Mumbai at affordable prices, you must check Malad East, as the property rates here are at an average of INR 18,500 per square feet. 

Kanjur Marg West

Another residential area flourishing in Mumbai is Kanjur Marg West. It is around 10-15 km from the industrial and commercial areas of Bandra-Kurla Complex and Andheri East. One of the major reasons for the popularity of this region is its relatively lower prices compared to its neighbouring areas- Kanjur Marg East and Powai. Reports suggest the average property rate here is around INR 20,350 per square foot. This locality is also appreciated for its location as it is situated near the Kanjur Marg Railway Station and Bhandup Industrial area. 

Other areas preferred for buying, renting or investing in a flat or house in Mumbai include Bhayander East, Kurla West, Gokuldham, Goregaon East, Thakur Village and Marol.

Who are the top builders or developers offering flats in Mumbai?

Mumbai's diverse real estate landscape invites numerous developers to launch attractive projects in the city. However, we understand that you look for the best when it comes to an investment as significant as buying a home or flat. Therefore, the Home4us team has listed the top ten developers and real estate company in Mumbai below.

Why should you buy a flat in Mumbai?

Investing in property is not a small decision; every buyer needs solid reasons to move forward. Fortunately, Mumbai offers several reasons to invest in its real estate market. Some of the most significant reasons are listed below.

Economic hub

As India's financial capital, Mumbai is an ideal city to live in or buy a property in. It is home to numerous financial institutions, banks and multinational corporations. Investing in this city's real estate brings you close to the economic opportunities and a flourishing job market. Also, if you are not buying a property for end use, you can simply rent it out to individuals looking for a rental property who come to the city to make a living. 

Rapid urbanisation

Mumbai is experiencing rapid urbanisation due to increased rural-to-urban migration. This rapid evolution of the city into an urban hub and population influx has resulted in increasing the demand for housing. The increasing housing demand is also leading to attracting property investors.

Some other reasons to buy homes or apartments in Mumbai include historical appreciation, strong rental market, infrastructure development, resale potential and diverse property options.

Is it profitable to invest in Mumbai Realestate?

Mumbai boasts one of the most expensive realty markets. As a result, investing here is undoubtedly profitable. However, a buyer or investor must be careful while investing and make a decision only after thorough consideration and consultations with real estate experts. A report released in 2020 suggests that the real estate of Mumbai is ranked 12th globally in the list of top investment cities. Such a high rank is due to the higher returns offered to the buyers.

Average Mumbai Property Prices

Every year, the demand for housing increases in Mumbai. The increasing demands are also increasing the property rates in the city rapidly. On average, a 1 BHK flat in Mumbai is priced at INR 65 lakhs, and a 2 BHK flat is priced at INR 1.5 crores. 3 BHK flats in Mumbai come at an average price of INR 3 crores; for 4 BHK, the average price is around 9 crores. 

Flats in Mumbai on Home4us

Home4us is the perfect platform to look for the best property options in the major cities of India. With Mumbai, it's no different. After thorough verification, we present numerous reliable projects in Mumbai that are a must-check if you are looking for a flat in Mumbai. Some of these projects listed on our real estate website are mentioned below.

AIM Garden

Offering 1 and 2 BHK flats in Mumbai for sale, AIM garden is one of the best listings on Home4us. This project by AIM Group is currently under construction to offer possession in July 2029. It is a well-designed project located in Jogeshwari. The starting price of apartments in this project is INR 1.09 cr. 

Why choose Home4us to buy a flat in Mumbai? 

Home4us is a one-stop destination for all your property needs in India. If you are looking for a residential  property in Mumbai to buy or rent, there is no better platform than ours. You can find the best flats, homes  in Mumbai based on your needs. Our website's filters allow you to explore the properties of your preferences from the comfort of your place. 

Frequently Asked Questions

What is the cost of buying a flat in Mumbai?

The average Mumbai flat price varies from one locality to another. However, on average, the price for a 1 BHK flat in Mumbai is INR 65 Lakhs, and for 2 BHK, it is 1.5 Crores. For 3 and 4 BHK apartments, it is 3 and 9 Crores, respectively.

Which is the cheapest place to live in Mumbai?

Located 15 kilometres from the nearest airport, Chembur is one of the cheapest areas in Mumbai for residing. 

Why are Mumbai flats so expensive?

Several factors contribute to the higher prices of flats in Mumbai. These aspects include the city's rising population and growing economic landscape. Related Blog post

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