Planning to Buy a Flat in Mumbai? Here’s What You Need to Know
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 ₹100 crore. Here’s a detailed breakdown.
Mumbai Real Estate1 Bhk Price2 Bhk PriceLuxury ApartmentsProperty PricesReal Estate NewsSep 24, 2025
How much does a 1 BHK cost in Mumbai?
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.
How much does a 2 BHK cost in Mumbai?
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.
How much does a 3 BHK or 4 BHK cost in Mumbai?
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.
The entry barrier: At least ₹1 crore for a 1 BHK in Mumbai
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.
What are the most expensive areas for 2 BHK apartments in Mumbai?
The most expensive areas for 2 BHK apartments in Mumbai include South and Central Mumbai, such as Malabar Hill, Breach Candy, Lower Parel, and Prabhadevi.
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 ultra-luxury formats in Mumbai?
Ultra-luxury formats such as 5 BHKs, duplexes, triplexes, and penthouses in Mumbai are priced at ₹60 crore and above, with the most expensive deal to date touching ₹635 crore.
Which areas in Mumbai are considered the priciest for 3 and 4 BHK apartments?
Bandra, Khar, Central and South Mumbai are considered the priciest areas for 3 and 4 BHK apartments, with prices ranging from ₹7 crore to ₹60 crore.
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