How much do I need to buy a house in Mumbai?

How much do I need to buy a house in Mumbai?

Top localities in Mumbai include Dadar East where prices are Rs 31,000 per sq ft on an average followed by Matunga at Rs 29,900 per sq ft, Dadar West with average property rate at Rs 34,600 per sq ft and Bandra East where you can opt for a property for an average rate of Rs 28,335 per sq ft.

How much money do you need to stay in Mumbai?

How much money do you need to live comfortably in Mumbai? If you choose to live in suburban areas of Mumbai, you will need an average of 40k-50k/ month which will include your house rent ranging from 18k-25k for 1/2 BHK. In South Mumbai rent alone for 1RK will range from 15k-20k.

Is Colaba posh?

Is Colaba a posh area? Colaba is one of the cleanest areas in Mumbai which lies next to Gateway of India, Nariman Point and Cuffe Parade and is one of the posh areas in Mumbai.

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What is the cost of 2bhk flat in Mumbai?

The average price per sqft range to buy a 2 BHK Flats in Mumbai is Rs. 195 – Rs. 56,000.

How much does it cost to buy a 2BHK apartment in Mumbai?

If you want to buy a 2BHK apartment in Mumbai in the western suburbs, you need to shell out at least Rs 2.5 crores. Household cost: A household which includes a working couple and a child, will have expenses such as food, clothing, school fees, maid salary, maintenance charges and other lifestyle-related expenditure.

What makes Mumbai’s posh areas so special?

Most of the posh localities in Mumbai are located close to the sea or offer a view of the water body. Bollywood celebrities, businessmen and start-up entrepreneurs, own or rent homes in these posh areas, which make these localities exclusive and popular among Mumbaikars.

How much does it cost to live in a co-living space in Mumbai?

Average rent and buying price: If you are a bachelor, you can opt for co-living spaces in Mumbai, which would cost you Rs 10,000-20,000 per bed, depending upon the facilities available and location. This could go up to Rs 30,000 per month if you are opting for a meal facility.

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What are the real estate rates in South Mumbai?

All areas in and around South Mumbai along with a few suburbs come in this category. The real estate rates vary from 40000 per sqft to 1.3–1.4 L per sqft. The most posh areas in Mumbai is the southern part of Mumbai which is fort which lies in churchgate.