Planning to Buy a 2 BHK Apartment in Mumbai? Here’s What It Will Cost
While a ₹600-cr luxury deal in Worli made headlines, 2 BHK apartments remain the top choice for homebuyers in Mumbai, priced between ₹2–10 crore across key locations in 2025.
Mumbai Real Estate2 Bhk ApartmentProperty PricesLuxury ApartmentsSuburban MarketsReal Estate MumbaiSep 05, 2025
In South Mumbai and Central Mumbai, the city’s most expensive region, 2 BHK apartments are priced between ₹3 crore and ₹10 crore in areas such as Malabar Hill, Breach Candy, Lower Parel, and Prabhadevi. This micro-market continues to attract luxury buyers, particularly high-net-worth individuals (HNIs) and non-resident Indians (NRIs), who seek larger layouts, premium amenities, and sea-view high-rises.
In contrast, the suburban markets, especially the western suburbs like Bandra, Andheri, Goregaon, and Borivali, see the highest transaction volumes. Here, 2 BHK apartments are typically priced between ₹2 crore and ₹6 crore. Real estate experts say suburban markets, particularly western suburbs like Bandra, Andheri, Goregaon, and Borivali, record the highest transactional volumes.
A 2 BHK apartment in the western suburbs of Mumbai can cost anywhere between ₹2 crore and ₹6 crore. While Bandra and Andheri push toward the higher end due to connectivity and lifestyle, Dahisar, Borivali, Kandivali, and Malad remain relatively affordable where a 2 BHK apartment is available in the range of ₹2 crore to ₹4 crore, with newer high-rises offering modern amenities such as landscaped gardens, children’s play areas, and fitness centers,” said Jay Talathi, a real estate consultant from Mumbai's Western Suburbs.
According to real estate consultants, a 2 BHK apartment in the eastern suburbs, including Chembur, Ghatkopar, and Mulund, has a similar price range from ₹1.5 crore to ₹3 crore, with developers actively marketing proximity to upcoming metro lines, improved road connectivity, and new township-style living options. On the other hand, a 2 BHK apartment is available in the price range of ₹80 lakh to ₹2 crore in Thane, Mira Road, Bhayander, and the Ghodbunder Road belt.
“A 2 BHK apartment, having a carpet area of 500 to 700 sq ft, is easily available in the ₹1 crore range in locations like Kolshet, Waghbil, and Kasarvadli near Thane,” Ritesh Mehta, senior director and head (North and West), Residential Services and Developer Initiatives at JLL India, said.
According to Knight Frank India, nearly 96% of the 47,035 primary housing units sold in the Mumbai Metropolitan Region (MMR) in the first half of 2025 were priced below ₹5 crore. Sales above this mark were largely driven by upgrade buyers looking for bigger, more premium homes.
In 2024, almost half of properties registered with MahaRERA in the Mumbai real estate market were smaller than 650 sq ft, with nearly 60% comprising 1 BHK and 2 BHK apartments. According to MahaRERA data, 36,274 of the 63,244 units registered in the calendar year 2024 were 1 BHK and 2 BHK apartments. Around 15%, or over 10,000 units, were 3 BHK apartments, and around 3% or nearly 2,000 units, were 4 BHK apartments.
Frequently Asked Questions
What is the price range for a 2 BHK apartment in South Mumbai?
In South Mumbai and Central Mumbai, 2 BHK apartments are priced between ₹3 crore and ₹10 crore in areas such as Malabar Hill, Breach Candy, Lower Parel, and Prabhadevi.
Which areas in the western suburbs are more affordable for a 2 BHK apartment?
Dahisar, Borivali, Kandivali, and Malad are relatively affordable areas in the western suburbs where a 2 BHK apartment can be found in the range of ₹2 crore to ₹4 crore.
What amenities are typically included in 2 BHK apartments in Mumbai?
Modern 2 BHK apartments in Mumbai often include amenities such as landscaped gardens, children’s play areas, and fitness centers.
What is the price range for a 2 BHK apartment in the eastern suburbs?
In the eastern suburbs, including Chembur, Ghatkopar, and Mulund, a 2 BHK apartment can be found in the price range of ₹1.5 crore to ₹3 crore.
How many 1 BHK and 2 BHK apartments were registered in Mumbai in 2024?
According to MahaRERA data, 36,274 out of 63,244 units registered in the calendar year 2024 were 1 BHK and 2 BHK apartments.
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