1-minute Read Summary: Property Investment in Mumbai
Property investment in Mumbai is the most ideal step to take in 2025. Mumbai is the financial capital and a major metro city of India. The property prices in Mumbai have continuously risen, considering the infrastructure developments. Mumbai has excellent transport and social infrastructure.
The Atal Setu, suburban railways, and metro lines have upgraded the connectivity in the city. The upcoming infrastructure, such as the Coastal Road, metro expansion, Goregaon Mulund Link Road, Navi Mumbai International Airport, and Thane Borivali Tunnel Road, will accelerate the economic growth of Mumbai.
Mumbai is a prime business centre that houses numerous MNCs and Indian BFSI and tech firms. It generates huge employment opportunities, which attract many individuals from across the country to the city. Housing options in Mumbai range from affordable housing to ultra-luxury penthouses.
The above-mentioned factors are stimulating the sales momentum and price growth of the properties in the city. Commercial real estate has also experienced a robust growth since the last few years.
Also read: Mumbai Real Estate Overview
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How Infrastructure Development Impacts Property Investment In Mumbai?
Mumbai is the financial capital of India and is prominently known as the City of Dreams. True to its essence, Mumbai comprises exceptional infrastructure, strong commerce, advanced lifestyle, soaring economy, and distinctive status. Mumbai is the city that never sleeps. It offers a cosmopolitan lifestyle with state-of-the-art amenities.
The Mumbai Metro’s expansion has eased the city’s commuting experience. The regions around the metro routes have experienced price and rental income growth. Following the operations of Atal Setu, the travelling time between Mumbai and Panvel and Mumbai and Pune has been reduced without any traffic hurdles.
The present sound infrastructure in Mumbai, including suburban railway lines, expressways, metro lines, public transport, and waterways, has consistently accelerated the property appreciation rate in Mumbai. Upcoming Goregaon Mulund Link Road, Thane-Borivali Tunnel Road, and Coastal Road will drive the growth of Western and Central Suburbs in Mumbai.
Moreover, Mumbai is home to many esteemed educational institutions, multispeciality hospitals, administrative landmarks, historical monuments, and green zones. The upcoming Navi Mumbai International Airport will soon be operational, further enhancing the economic growth of the city.
Is it right time to invest in property in Mumbai?
Now is the right time to invest in property in Mumbai. Considering the infrastructure developments and lifestyle advancements in the city, property investment will gain you excellent returns.
Which are the localities for good property investment in Mumbai?
Powai, Andheri, Thane, Bandra, Panvel, Kandivali, Worli, and Chembur are the localities for good property investment in Mumbai.
Also read: Infrastructure Projects In Mumbai
What Is The Scope of Business And Employment Opportunities in Mumbai?
Mumbai is known as the Financial Capital of India, considering its commercial and business hubs. Mumbai has some of the vital financial institutions in the country, such as the Bombay Stock Exchange, Securities Exchange Board of India, and National Stock Exchange.
There are national and multinational companies who have their headquarters in Mumbai. The city is a home to numerous companies under the BFSI, FMCG, IT and allied services, media, entertainment, and pharmaceutical sectors. Bandra Kurla Complex is a major and the most popular business hub in Mumbai. There is a huge demand for rental properties in the peripheral region of the BKC.
There are many other commercial areas in Mumbai, such as Bandra, Andheri, Fort, Marine Lines, Lower Parel, Worli, Chembur, Navi Mumbai, Goregaon, Thane, etc. Prominent industrial areas like Panvel, Uran, Bhiwandi, Taloja, Kandivali, and Mira Road also generate huge employment opportunities.
The end number of job opportunities in Mumbai and its suburban regions has been the primary factor in housing growth. Hundreds of people have been migrating to Mumbai for income. The financial stability and advancements of Mumbai lays a huge potential for business stalwarts for investment.
Dynamic Housing Options
The real estate landscape of Mumbai is very dynamic. It is one of the stable real estate market that assures consistent price appreciation. Meeting the evolving lifestyle changes of the city, homebuyers are willing to invest in the premium properties to gain high quality living experiences.
The under-construction properties in Mumbai have experienced a price appreciation of 10% yearly. The completed projects are also gaining appreciation of 1%, as stated in the Knight Frank Real Estate H2 Report 2024. The properties ranging over ₹ 1 Crore dominated the residential market of prime areas in Mumbai.
Mumbai presents an array of housing options, including affordable, mid-segment, premium, ultra-luxury, expensive villas, and duplex/triplex penthouses. The demand for affordable properties in the core area of Mumbai has gone down. These properties are in demand in the peripheral regions or on the outskirts of the prime localities.
The Central and Western Suburbs are the most popular residential markets in the Mumbai Metropolitan Region. Both regions witnessed an accumulated sales growth of 13% in 2024. Thane and Panvel have also become the preferred destinations for modern homebuyers. Panvel offers a huge scope of larger carpet areas and future developments.
What are the property prices in Panvel?
The average property prices in Panvel range from ₹ 9,000 per sq. ft. to 13,500 per sq. ft.
What are the locations for a low price property in Mumbai?
Panvel, Taloja, Virar, Bhayandar, Dombivli, Malad, and Borivali are the locations with a low price property in Mumbai.
What is the Property Tax Bill Mumbai?
The Property Tax Bill Mumbai, is levied on the citizens by the Greater Mumbai Municipal Corporation. The tax is imposed on the house and it should be paid by the 30th June of every year.
Historical Property Prices in Mumbai:
The table below mentions the historical property prices in the Mumbai Metropolitan Region.
| Year | Property Prices In Mumbai (per sq. ft.) |
| 2015 | ₹ 45,218 per sq. ft. |
| 2016 | ₹ 48,589 per sq. ft. |
| 2017 | ₹ 42,045 per sq. ft. |
| 2018 | ₹ 46,107 per sq. ft. |
| 2019 | ₹ 46,103 per sq. ft. |
| 2020 | ₹ 43,759 per sq. ft. |
| 2021 | ₹ 48,589 per sq. ft. |
| 2022 | ₹ 46,207 per sq. ft. |
| 2023 | ₹ 56,706 per sq. ft. |
| 2024 | ₹ 55,139 per sq. ft. |
| 2025 | ₹ 60,000 per sq. ft. |
Ambitious Commercial Investment
Along with the residential growth, Mumbai has been experiencing a surge in the sales of commercial properties. The demand for commercial properties and office spaces is increasing gradually. As per the reports, there was a 40% increase in the leasing volumes of offices in 2024.
With the increased popularity of flexspaces and hybrid working models, the rental demand for the office units has also risen. Flexspaces accounted for the 15% share in the lease and sales growth of the office market in Mumbai. The office units at the Thane-Belapur Road and Lower Parel had a rental growth of around 5%.
The Secondary Business District, comprising Kanjurmarg, Central Kurla, Chembur, Powai, Bhandup, and more, accounted for major sales and leasing volumes. This was followed by the Peripheral Business District, which includes Ghansoli, Airoli, Thane, Rabale, Belapur, Vashi, etc.
