Understanding the Cost of 3 BHK, 2 BHK, and Studio Apartments in Mumbai
Mumbai's real estate market is the most expensive in India, with the cost of 3 BHK, 2 BHK, and studio apartments varying widely based on location. This article provides a detailed budget estimate for each type of property in different parts of the city.
Mumbai Real Estate3 Bhk2 BhkStudio ApartmentProperty BudgetReal Estate NewsAug 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.
In conclusion, the cost of buying a 3 BHK, 2 BHK, or studio apartment in Mumbai can vary widely based on the location. Suburban areas are generally more affordable, while mid-tier and premium areas command much higher prices. It’s essential to carefully consider your budget and the specific needs of your family before making a decision.
Frequently Asked Questions
What is the average cost per square foot in Mumbai's real estate market?
The average cost per square foot in Mumbai's real estate market can range from ₹20,000 to ₹7 lakh, depending on the locality and property type.
Which areas in Mumbai are considered affordable for a 3 BHK apartment?
Suburban areas like Dahisar, Borivali, Ghatkopar, Mulund, and Bhandup are considered more affordable for a 3 BHK apartment, with costs ranging from ₹2.5 crore to ₹7 crore.
How much does a 2 BHK apartment cost in premium areas of Mumbai?
A 2 BHK apartment in premium areas like South Mumbai, Bandra, and Juhu can cost between ₹4 crore to ₹10 crore and more.
What is the price range for studio apartments in suburban areas of Mumbai?
Studio apartments in suburban areas like Dahisar, Borivali, and Mulund are priced between ₹35 lakh and ₹75 lakh, with per-square-foot rates of ₹20,000 to ₹30,000.
What factors should be considered when budgeting for a property in Mumbai?
When budgeting for a property in Mumbai, consider factors such as location, property age, size, and amenities. These factors significantly influence the cost of the property.
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