Is Mumbai the most expensive real estate?

Among all the titles that Mumbai holds, it surely takes the crown of being ‘the most expensive residential real estate market in India’.

Which city has most expensive real estate?

Rank of the Most Expensive Metropolitan Housing Markets in the World

  • San Francisco, California, USA – 9.6. …
  • San Jose, California, USA – 9.6. …
  • Melbourne, VIC, Australia – 9.7. …
  • Toronto, ON, Canada – 9.9. …
  • Auckland, New Zealand – 10.0. …
  • Sydney, NSW, Australia – 11.8. …
  • Vancouver, BC, Canada – 13.8. …
  • Hong Kong, China – 20.7.

Which city has most expensive real estate in India?

Tardeo, South Mumbai

Tardeo is the most expensive luxury residential location in India. Luxury properties here start from an average price tag of ₹56,200 per sq ft.

Is Mumbai real estate expensive?

There are over 10,000 properties across and around Mumbai in the price range of Rs 32-53 lakh. If you are looking at villas in and around Mumbai, there are 300 projects and the price range is rather broad with projects priced between Rs 20 lakh to Rs 40 crore.

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Why is Mumbai real estate 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.

What is the highest rent in the world?

New York just surpassed San Francisco as the most expensive rental market in the U.S.

  • New York City is now the most expensive rental market in the nation, finally surpassing San Francisco.
  • The median rent for a one-bedroom apartment in New York City is now $2,810, and in San Francisco it is $2,800.

Which is the cheapest city to live in India?

Kochi’s low cost of living is another major appeal with estimated living costs of just 30,000 Rupees per month according to our research, making it one of the cheapest cities to live in India.

How much money do you need to buy a house in Mumbai?

It estimates average property price of 1000 sq feet in Mumbai to be about ₹ 1.6 crore, while in Delhi to be ₹ 1.1 crore. According to Arthayantra, those who earn less than ₹ 25 lakh per annum should not buy a property in Mumbai.

Which is the most posh area in Mumbai?

Here are the top 10 posh areas in Mumbai/Mumbai’s posh area names/posh localities in Mumbai, the most inviting neighbourhoods of Mumbai.

  • Bandra Bandstand. …
  • Malabar Hill. …
  • Altamount Road. …
  • Hiranandani, Powai. …
  • JVPD Scheme. …
  • Pali Hill, Bandra. …
  • Worli Sea Face. …
  • Seven Bungalows, Versova.
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How much does a house in Mumbai cost?

List of posh areas 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