Properties for Sale in Mumbai, Maharashtra, India

Real estate in Mumbai

The Maharashtra region in western India, particularly Mumbai, is a hotspot for both domestic and international real estate buyers and investors. If you're dreaming of owning a luxurious condo or a high-rise apartment in a location that is steeped in rich culture and modernity, Mumbai, also known as the "City of Dreams", should be at the top of your list. This bustling metropolis, nestled along the coastline of the Arabian Sea, is famous for its mesmerising skyline of modern architecture and high-end residential developments. Prior to reaching out to a seasoned real estate agent, familiarise yourself with Mumbai's dynamic property market, the types of opulent residences that are on offer, and the cost implications of procuring a home in such a vibrant location. From opulent sea-facing penthouses in Worli and Bandra to luxury condos in South Mumbai's art deco buildings, the city offers a diverse range of real estate options to cater to varying tastes and preferences. This wide range of options, coupled with the city's thriving economy and cultural vibrancy, makes Mumbai an ideal destination for real estate investment or to buy your dream home. Whether you're seeking a holiday home with panoramic sea views or an investment property in the heart of India's financial hub, Mumbai promises unparalleled real estate offerings.

Mumbai properties: Market trends overview

The property market of Mumbai, Maharashtra, India has seen a stable increase in prices, making it a flourishing spot for international investors and buyers, particularly those from the Middle East, UK, USA, and Singapore. The strategic coastal situation of Mumbai offers the best of both worlds - a leisurely lifestyle coupled with a buzzing and lively atmosphere due to many leisure hubs and golf courses as well as easy connectivity to the bustling city of Pune. Mumbai boasts a vibrant seaside atmosphere, a rich cultural history, and an exceptional quality of life. Over the past few years, Mumbai's administrations have been channeling more funds into the city's development, providing diverse real estate options for native and overseas property buyers. Choices stretch from modern, functional townhouses, plush apartments, contemporary villines, to traditional bungalows and luxurious penthouses. Locating properties and apartments for sale in Mumbai, India that accommodate all budgets and lifestyle preferences is relatively simple, making the vibrant city increasingly accessible to overseas buyers. Combined with its cultural appeal and thriving economy, Mumbai stands strong as a desirable location for property investment.

Average price of a property for sale in Mumbai

Looking to buy a property in Mumbai, Maharashtra? The cost of real estate here varies considerably, influenced by a multitude of factors. The type of property, its proximity to central areas and beaches, the availability of facilities and amenities, as well as individual preferences such as luxury features, size, and accessibility, all contribute to the final price. Recent data indicates that the highest quoted price for real estate in Mumbai was approximately ₹ 35,000 per square foot. The properties bearing these high costs are predominantly located in the upscale neighborhoods of South Mumbai. On the other hand, the more affordable properties, with an average price per square foot of about ₹ 20,000, can be found in the suburbs such as Navi Mumbai and Thane. At present, the average listing price for a house hovers around ₹ 4 crore.

Types of properties can you find in Mumbai

Mumbai, Maharashtra, India, offers a wide variety of real estate options, which ranges from high-rise apartments, sprawling penthouses, luxurious beachfront bungalows, and classic Indian havelis. The most sought-after properties are generally located in walled residential complexes. It's common to come across spacious 3-4 bedroom apartments with expansive balconies and duplex homes spanning across 2 levels. Interestingly, these levels often feature separate entrances and each level is equipped with grand balconies and its own kitchen. Another desirable option could be a brand-new bungalow situated in an exclusive Mumbai enclave, offering breathtaking views of the Arabian Sea. Such properties often have the added advantage of being within a strolling distance to the beach, making it an idyllic place to reside.