How Much Down Payment Do You Need for a Flat in Mumbai? 2026 Guide
Banks in Maharashtra now lend up to 60% of the property value for most flats, leaving you to save the rest. Plan your savings early and lock in current LTV rates.
Key points at a glance
- •RBI caps loan‑to‑value (LTV) at 60% for most residential properties in Maharashtra.
- •For high‑end 2‑BHKs above 3 crore, banks may lend up to 70% if the developer is RERA‑registered.
- •A 1‑BHK priced at ₹60 lakh requires a minimum down payment of ₹24 lakh under the 60% LTV rule.
- •Keep a buffer of 10% above the required down payment to cover legal fees, stamp duty and registration.
- •Use government schemes like Pradhan Mantri Awas Yojana (PMAY) to bridge gaps in the down payment.
LTV Limits
Banks lend up to 60% of the property price for most flats in Maharashtra. Premium projects may allow 70%.
Location Impact
Property values differ by locality – a 2‑BHK in Bandra costs ₹3 crore, while in Juhu it can reach ₹4 crore, affecting your down payment.
Regulatory Updates
All new projects must be RERA‑registered, giving buyers a 1‑year warranty and transparent pricing.
Want more detail?
What actually happened?
In June 2026, RBI revised its LTV framework to tighten borrowing for residential real estate in Maharashtra.
The new cap sits at 60% for most projects, with 70% allowed for premium, RERA‑registered developments.
What it means for buyers
The higher LTV cap means buyers need to save a larger down payment, but it also protects them from over‑leveraging.
Early planning and using PMAY can ease the burden.
What to watch next
Keep an eye on RBI’s next policy review, RERA compliance updates, and the launch of new PMAY‑U schemes.
These factors will shape your purchasing timeline and cost.
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