Understanding the Budget for Buying a 3 BHK, 2 BHK, and Studio Apartment in Mumbai
Explore the budget required to purchase a 3 BHK, 2 BHK, or studio apartment in Mumbai, considering various factors such as location, property age, and amenities.
Real EstateMumbaiProperty PricesBudgetApartmentReal Estate MumbaiAug 30, 2025
In Mumbai’s real estate markets, prices can range from ₹20,000 to ₹7 lakh per square foot, depending on the locality and property type. Let’s take a look at the budget estimates for 3 BHK, 2 BHK, and studio apartments across different parts of Mumbai, as per the average listing price mentioned by the leading property website 99acres.com.
Budget for a 3 BHK Apartment in Mumbai
Suburban Areas (Dahisar, Borivali, Ghatkopar, Mulund, Bhandup)
In these relatively affordable suburbs, a 3 BHK flat (approximately 1,000–1,500 sqft carpet area) typically costs between ₹2.5 crore and ₹7 crore. Prices per square foot range from ₹15,000 to ₹45,000.
Mid-Tier Areas (Andheri, Juhu, Bandra, Khar, Versova)
A 3 BHK flat in these areas costs between ₹3 crore and ₹13 crore, with per-square-foot rates ranging from ₹25,000 to over ₹1 lakh.
Premium Areas (Malabar Hill, Worli, Lower Parel)
A 3 BHK (1,200–1,500 sqft) in these areas can range from ₹9 crore to ₹30 crore or more for luxury projects. The per square foot price can range between ₹35,000 to ₹1.3 lakh.
Budget for a 2 BHK Apartment in Mumbai
Suburban Areas (Thane, Navi Mumbai, Mira Road, Bhandup)
A 2 BHK flat in these areas costs between ₹25 lakh and ₹4 crore, with per-square-foot rates of ₹2,000 to ₹50,000.
Mid-Tier Areas (Andheri, Powai, Kandivali)
The cost for a 2 BHK property can range from ₹55 lakh to ₹10 crore. The per-square-foot cost can range between ₹8,500 and ₹75,000.
Premium Areas (South Mumbai, Bandra, Juhu)
A 2 BHK flat in these areas can cost ₹4 crore to ₹10 crore and more.
Budget for a Studio Apartment in Mumbai
Suburban Areas (Dahisar, Borivali, Mulund)
Studio apartments in these areas are priced between ₹35 lakh and ₹75 lakh, with per-square-foot rates of ₹20,000 to ₹30,000.
Emerging Areas (Navi Mumbai, Thane)
These areas offer studios in the ₹10–80 lakh range, especially in older buildings or new projects in developing suburbs.
When planning to buy a property in Mumbai, it is essential to consider additional costs such as registration fees, stamp duty, and maintenance charges. These can add a significant amount to your overall budget. It is also advisable to conduct thorough research and consult with real estate experts to make an informed decision.
Frequently Asked Questions
What factors influence the price of a property in Mumbai?
The price of a property in Mumbai is influenced by factors such as location, property age, size, amenities, and the current market conditions.
What is the average price per square foot for a 3 BHK in suburban areas of Mumbai?
The average price per square foot for a 3 BHK in suburban areas of Mumbai ranges from ₹15,000 to ₹45,000.
How much does a 2 BHK apartment cost in premium areas of Mumbai?
A 2 BHK apartment in premium areas of Mumbai can cost between ₹4 crore to ₹10 crore and more.
What are the additional costs to consider when buying a property in Mumbai?
Additional costs to consider when buying a property in Mumbai include registration fees, stamp duty, and maintenance charges.
Why is it important to consult with real estate experts before buying a property in Mumbai?
Consulting with real estate experts is important because they can provide valuable insights, help you navigate the market, and ensure you make an informed and strategic decision.
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