Planning to Buy a Flat in Mumbai? Be Prepared to Spend ₹1 Crore for a 1 BHK and Up to ₹100 Crore for a Luxury 4 BHK
In Mumbai’s real estate market, entry-level 1 BHK apartments start at around ₹1 crore, while luxury 4 BHKs in prime locations can cost upwards of ₹30 crore. Explore the price ranges for different configurations and locations.
Mumbai Real Estate1 Bhk2 Bhk3 Bhk4 BhkReal Estate MumbaiSep 23, 2025
In western and eastern suburbs such as Borivali, Kandivali, Malad, Goregaon, Mulund, Bhandup, and Ghatkopar, 1 BHK apartments are priced between ₹80 lakh and ₹1.5 crore. According to local brokers, the price band is much higher in midtown locations like Vile Parle, Santacruz, and Bandra, between ₹2 crore and ₹3.5 crore.
In Worli, one of the most coveted addresses in India, a 1 BHK can cost between ₹3 crore and ₹4 crore. Prices in South Mumbai are also in a similar range, brokers said.
In South and Central Mumbai, the city’s most expensive regions, 2 BHK apartments command prices 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 HNIs and NRIs, who prefer larger layouts, premium amenities, and sea-view towers.
By contrast, the western suburbs, including Bandra, Andheri, Goregaon, and Borivali, see the highest transaction volumes. Here, 2 BHKs are typically priced between ₹2 crore and ₹6 crore.
Larger configurations are the costliest. In the primary market, the most affordable 4 BHKs are in Borivali, priced between ₹5 crore and ₹10 crore. A 3 BHK in Borivali and surrounding areas generally costs between ₹3 crore and ₹7 crore, brokers said.
Moving to Bandra, Khar, Central and South Mumbai, considered among the priciest addresses in India, 3 and 4 BHK apartments are available between ₹7 crore and ₹60 crore, depending on the project, location, age of the property, and amenities. Ultra-luxury formats such as 5 BHKs, duplexes, triplexes, and penthouses form less than 1% of total market transactions. These rare units are priced at ₹60 crore and above, with the most expensive deal to date touching ₹635 crore.
According to Mayank Varma, a real estate consultant based in Mumbai’s suburbs, “The minimum amount you need to buy a house in Mumbai, including taxes, is around ₹1 crore. That would typically get you a 1 BHK from a mid-sized or smaller developer in areas like Dahisar, Borivali, or Mulund. Beyond that, the sky’s the limit, homes are priced at ₹30 crore, ₹50 crore, even ₹100 crore or more. Nothing stops you if budget isn’t a constraint.”
Frequently Asked Questions
What is the minimum amount needed to buy a 1 BHK in Mumbai?
The minimum amount needed to buy a 1 BHK in Mumbai, including taxes, is around ₹1 crore. This typically gets you a 1 BHK from a mid-sized or smaller developer in areas like Dahisar, Borivali, or Mulund.
What is the price range for 2 BHK apartments in Bandra and Andheri?
In Bandra and Andheri, 2 BHK apartments are typically priced between ₹2 crore and ₹6 crore.
How much does a 4 BHK cost in Borivali?
In Borivali, the most affordable 4 BHKs are priced between ₹5 crore and ₹10 crore.
What is the price range for luxury 4 BHK apartments in South Mumbai?
In South Mumbai, luxury 4 BHK apartments are available between ₹7 crore and ₹60 crore, depending on the project, location, age of the property, and amenities.
What is the most expensive real estate deal in Mumbai to date?
The most expensive real estate deal in Mumbai to date is a luxury format unit priced at ₹635 crore.
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