Property Prices in Mumbai 2026

The table pulls together the latest figures from consultants and portals that track the city each quarter.

Notice the gap between the city figure and the MMR figure. The MMR average blends in Thane, Navi Mumbai and Virar, so it runs far lower. Always check which boundary a report uses before you compare two numbers.

The locality averages below come from weighted data published in May 2026. New launches in the same pockets often quote higher, since buyers pay extra for fresh construction and amenities.

Western Suburbs

South and Central Mumbai

Eastern Suburbs

Navi Mumbai and Thane (MMR)

One pattern stands out across these tables. The stretch from Goregaon to Borivali sits in a tight ₹28,000 to ₹33,000 band. That makes it the value zone for buyers who still want metro and highway access within city limits.

Per sq ft rates tell only half the story, so here is what typical carpet sizes cost today. These are indicative base prices before stamp duty, registration, GST and parking.

For most families, the 2 BHK row matters most. A ₹2 crore to ₹2.5 crore budget buys a 2 BHK in Malad, Kandivali or Borivali. A similar home in Andheri West needs closer to ₹3 crore.

Costs to Add on Top of the Base Price

The agreement value is never your final outflow, so plan for these costs from the start.

• Stamp duty: 6% of the agreement value in Mumbai, including the 1% metro cess. Women buyers get a 1% concession.
• Registration fee: 1% of the value, capped at ₹30,000.
• GST: 5% on under-construction homes, while ready homes with an Occupancy Certificate carry none.
• Other charges: parking, society formation and maintenance deposits vary, so ask for a written cost sheet.

On a ₹2.5 crore home, stamp duty and registration together add about ₹15.3 lakh.

Demand Stays Near Record Levels

Mumbai sold 72,804 homes between January and September 2026, as per Knight Frank. That is the city's best nine-month figure since 2018. Registrations hit 12,622 in September 2026, the highest for that month in over 14 years.

Supply Keeps Pace With Sales

Developers launched 72,673 homes in the same nine months, a rise of 13%. Since launches matched sales so closely, unsold stock did not pile up. That balance keeps prices firm without pushing the market into a bubble.

New Infrastructure Lifts Specific Pockets

Metro Line 9 started running between Dahisar East and Kashigaon in April 2026. It now links Mira Road with the Line 7 corridor towards Andheri. The Thane to Borivali twin tunnel and the coastal road to Dahisar both target 2028. Buyers already factor that future access into prices.

Borrowing Costs Have Turned Higher

The RBI raised the repo rate by 25 basis points to 5.50% on 7 October 2026. Floating-rate home loans will reset upwards over the next few months. This may slow some first-time buyers, though it rarely reverses prices in a supply-tight city.

A broad fall looks unlikely in the near term, although growth has slowed to single digits. Two signals show the cooling clearly. Navratri 2026 registrations fell 25% against last year's high base. Average luxury prices also eased about 4% in the first half of 2026, to near ₹72,270.

Even so, sales stay close to record levels and new supply moves in step with demand. That mix usually brings flat to moderate growth, not a correction. If you are waiting for a 10% to 15% city-wide dip, the current data does not back it.

Borivali shows clearly how the western suburbs price fresh supply. Existing stock in Borivali East and West averages about ₹30,550 to ₹30,650 per sq ft. Premium pockets like I.C. Colony and Yogi Nagar already transact near ₹34,000 per sq ft and above.

Prestige Grove Park by Prestige Group in Borivali sits at that new-launch benchmark. Its base price is about ₹34,000 per sq ft, with 2 BHK homes starting near ₹2.55 crore. Larger 3 BHK layouts go up to about ₹4.59 crore.

The premium over the Borivali average reflects what the project adds to daily life. Six towers rise 45 to 50 floors on about 8 acres, with 35% left as open space. The site also borders Sanjay Gandhi National Park, which protects long-term views and cleaner air.

The project is in its pre-launch stage, and MahaRERA registration is underway ahead of the March 2027 launch. Prestige targets possession for December 2031. You pay 10% at booking and 10% at agreement, with 80% linked to eight build milestones.

Compare like with like before you decide whether a price is high or low. First, check whether the quote uses carpet area or saleable area, because saleable figures make rates look lower. Next, ask if the rate includes floor rise, parking and club charges. These extras can change the total by several lakhs.

Finally, study the locality's rate trend over three to five years instead of one quarter. A pocket that rose steadily with new infrastructure tends to hold value better. A pocket that jumped on a single announcement often gives back part of that gain.