Your question: How much is an average house in Mumbai?

Area Average property price (per sq ft) Average rent per month
Cuffe Parade Rs 48,750 Rs 3 lakhs
Tardeo Rs 47,786 Rs 2.5 lakhs
Juhu Rs 44,442 Rs 1.75 lakhs
Bandra west Rs 42,691 Rs 95,000

Can you buy house in Mumbai?

With property prices in these locations going up to Rs 2,800 per sq ft, you can find 1BHK apartments sized up to 650 sq ft within Rs 10-20 lakh.

This is where you should buy your first home in Mumbai.

Location Atgaon Shahapur
Developer Atulya Township Buildcom
Project Atulya Shubh Vastu
Configuration available within Rs 10-30 lakh 1 BHK

How much does an average house in India cost?

The survey shows that the median house price in a metro is Rs15 lakh. It also shows that it is more expensive to purchase a house in a niche city than in a boom town. The median house price in niche cities at Rs10 lakh is higher than that of boom towns at Rs8 lakh.

How much money do I need to live in Mumbai?

So all in all, a family of 3 can comfortably live in Mumbai with a budget of Rs. 35,000-Rs 40,000. If you chose to live in more expensive areas like South Mumbai, this budget will increase to say about Rs. 55,000-Rs.

THIS IS INTERESTING:  How did the British consolidate their position in India?

Where should I buy a house in Mumbai?

If you are looking to buy a home in Mumbai in 2021, areas such as Goregaon (East), Andheri (East), Kandivali (East), Malad (West), Vasai and Virar could be the best bets. In addition to massive housing development, the areas also enjoy robust infrastructural growth and proximity to commercial centres.

Why is buying a house in Mumbai so expensive?

“They continue to stay in slums with no proper drainage or sewage facilities because they are unable to afford new houses in the city which cost a minimum of about Rs 50 lakh and housing loans are complicated and not easy to get. Housing prices are so high that people aren’t able to buy houses with their own savings.

Which is the cheapest city in India?

Which city in India has the lowest cost of living?

  • Delhi. Delhi, the capital city, is one of the most affordable cities in India. …
  • Bangalore. The corporate hub of India is shockingly one of the cheapest cities to live in. …
  • Chennai. The capital city of the land of temples is known for its inexpensive rental housing. …
  • Kolkata.

Is it cheaper to live in India?

India has been ranked the cheapest country to live in the world, according to new data. The largest nation on the subcontinent has won the top spot for cheapest living, beating its neighbours Pakistan and Nepal, a new survey of world prices has suggested.

How much money do you need to live comfortably in India?

India is quite cheap as compared to many other countries. Cost of living depends on what you do and where you live in the India. Basic need living costs such as food, water and shelter costs you around 15000 to 20000 INR. Depending on your expense, it may result in a higher amount or lower amount.

THIS IS INTERESTING:  Who is an Indian under US law?

What is good salary in Mumbai?

What salary is needed to live comfortably in Mumbai? Depending upon the standard of living, your average salary should be Rs 40,000 – Rs 60,000 per month.

Is 20000 a good salary in India?

With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city. Three experts do the math for you keeping in mind the costs of living in 3 cities. With a combined income of Rs 20,000 a month, a couple can still lead a decent life in any Indian city.

Is 70000 a good salary in India?

70,000 (maximum salary) a month for unskilled workers in various states. … The median salary is around Rs. 16,000 which states that half the population is earning less than this amount and half are earning more than Rs. 16,000.