As of early 2025, Mumbai’s real estate market continues to experience significant growth, influenced by robust demand and infrastructure developments. Here’s an overview of the current property prices and rental trends in some of the city’s top areas:๎
Overall, Mumbai’s real estate market in 2025 is characterized by rising property values and rental rates, influenced by infrastructure developments and sustained demand across various suburbs.๎
Property Prices (โน per sq. ft.):
| Location | 2022 | 2023 | 2024 | 2025 (Projected) |
| Mulund | 18,500 | 19,800 | 21,200 | 23,000+ |
| Borivali | 19,000 | 20,500 | 22,000 | 24,000+ |
| Malad-Goregaon | 18,000 | 19,500 | 21,000 | 23,500+ |
| Panvel | 7,500 | 8,700 | 10,500 | 13,000+ |
| Chembur | 20,000 | 22,500 | 24,800 | 27,500+ |
| Sion | 24,500 | 26,700 | 29,000 | 32,000+ |
Rental Prices (โน per month):
| Location | 1 BHK | 2 BHK | 3 BHK |
| Mulund | 22,000 – 28,000 | 35,000 – 45,000 | 50,000 – 65,000 |
| Borivali | 20,000 – 30,000 | 35,000 – 50,000 | 50,000 – 70,000 |
| Malad-Goregaon | 22,000 – 30,000 | 40,000 – 55,000 | 55,000 – 75,000 |
| Panvel | 12,000 – 18,000 | 18,000 – 25,000 | 25,000 – 35,000 |
| Chembur | 22,000 – 28,000 | 35,000 – 50,000 | 50,000 – 70,000 |
| Sion | 30,000 – 38,000 | 45,000 – 65,000 | 70,000 – 90,000 |
Key Observations:
- Panvel: This area has seen the highest percentage growth in property prices, primarily due to the development of the Navi Mumbai International Airport and the Mumbai Trans Harbour Link (MTHL) projects.๎
- Sion and Chembur: Both localities have appreciated significantly, benefiting from improved metro connectivity and various redevelopment projects.๎
- Mulund and Borivali: These suburbs have maintained steady growth, attributed to their enhanced livability and ongoing infrastructure improvements.๎
- Rental Market: While Panvel remains the most affordable rental market, it’s expected to see price hikes due to increasing demand. Sion and Chembur command premium rents because of their central locations. Malad-Goregaon and Borivali are ideal for rental yields, driven by strong demand from working professionals.๎
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