Is now a good time to buy a property in Mumbai?
Official NHB RESIDEX data puts the average carpet-area price in Mumbai at ₹28,683/sq ft for the quarter ending Jun 2026, up 6.2% from a year earlier. Over five years prices have compounded at +1.8% a year. Annual growth is running 3.3 points above the city's long-run pace of +2.9%.
Mumbai price trend & forecast
Price by home size — Jun 2026
| Up to 646 sq ft (≤60 m²) | ₹26,867/sq ft |
| 646 – 1,184 sq ft | ₹31,022/sq ft |
| Above 1,184 sq ft (>110 m²) | ₹36,339/sq ft |
Localities in Mumbai
Select any of these on the heat map. NHB RESIDEX publishes city-level prices only, so localities follow the official Mumbai index.
Frequently asked questions
Is now a good time to buy a property in Mumbai?
As of Jun 2026, our buy-timing signal for Mumbai is BUY — prices are projected to rise about +4.6% over the next 12 months and are not stretched versus their long-run trend, so waiting is likely to cost more. Buy-timing score: 54/100.
Will property prices in Mumbai go down in 2027?
The model projects +4.6% over the next 12 months: about ₹30,003/sq ft by Jun 2027, with an 80% range of ₹29,165/sq ft–₹30,865/sq ft (today ₹28,683/sq ft). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the property price per sq ft in Mumbai?
For the quarter ending Jun 2026, NHB RESIDEX reports ₹28,683/sq ft on average (carpet area): ₹26,867/sq ft for homes up to 646 sq ft, ₹31,022/sq ft for 646–1,184 sq ft and ₹36,339/sq ft above 1,184 sq ft.
Does this cover localities like Andheri, Bandra and Powai?
Yes — Andheri, Bandra, Powai, Worli, Goregaon, Malad, Borivali, Chembur, Lower Parel, Ghatkopar, Kandivali and Mulund can be selected on the interactive map. NHB RESIDEX publishes prices at city level only, so these localities use the official Mumbai index; their own premium or discount to the city average is not reflected.
Other cities in Maharashtra
Source & method
Data: NHB RESIDEX — HPI@Assessment Prices & carpet-area prices (National Housing Bank), quarterly, latest Jun 2026. Page regenerated 2026-10-09 10:32 IST. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.