Mumbai, the financial capital of India, witnesses high real estate demand from both investors and end-users. Its infrastructural support and opportunity for trade commerce and jobs push the demands higher. Based on these factors and the area or locality you look to buy a land or residence in, the property rates in Mumbai vary.
The rising prices here often make financing property purchase a concern. Bajaj Finserv thus brings Loan Against Property with a credit amount of up to Rs.3.5 Crore. The high-value loan amount along with competitive property loan rates make it easier to purchase a property in Mumbai.
Other features and benefits accompanying the Property Loan also ease the repayment process throughout the tenor.
Now, check out the available property rates in Mumbai for different localities and regions.
Current Price Rates of Property in Mumbai:
Property price rates in Mumbai Thane region range between Rs.6,000/Sq. Ft. to Rs.14,500/Sq. Ft. for residential apartments. Independent and builder floors are available here between Rs.7,000/Sq. Ft. and Rs.10,000/Sq. Ft.
The region lies in the periphery of Mumbai and residential apartments here are available within the range of Rs.3,000 and Rs.8,000 per Sq. Ft.
The property prices in these two regions range between Rs.10,000/Sq. Ft. and Rs.47,500/Sq. Ft. They include some of the most locations in Mumbai like Santacruz, Vile Parle, Pali Hill, Malad, Versova, etc.
Additional Read: What are the Current Price Rates of Property in Delhi?
The cost of purchasing a residential apartment in these regions may run into crores. The lowest price here starts from Rs. 27,000/Sq. Ft., and can range up to Rs.57,000/Sq. Ft.
Regions like Navi Mumbai come off as low-cost options for property purchase.
Bajaj Finserv’s Mortgage Loan is a unique financing option to fund these high-cost property purchases. Apply for this loan via the easy-to-fill online application form and enjoy fast approval within 48 hours.