All citiesMaharashtra · Metro · 43 micro-markets · reckoner: IGR Maharashtra — Annual Statement of Rates (Ready Reckoner)

Mumbai (MMR) rates, per sq ft carpet.

city avg 12-month change ▲ 7.1%· market runs +57.1% over reckoner
Sub-region
pop. 21.7 mn (2026e, 18.4 mn in 2011) · rented 33% / owned 67%
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79k
62k
57k
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38k
30k
27k
24k
24k
21k
19k
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19k
18k
18k
18k
17k
17k
17k
15k
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14k
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12k
11k
9.7k
9.6k
9.5k
8.5k
8.4k
8.4k
7.7k
7.5k
7.2k
6.8k
6.5k
6.0k
5.8k
5.5k
5.3k
4.5k
4.2k

Pin = market rate, ₹/sq ft carpet. Click a pin to load it into the land-cost calculator.

Micro-marketMarket ₹/sq ftReckonerPremiumRent ₹/sq ft/moYield · typical
Island City & BKC · 5
Malabar Hill – Cuffe Parade
Prime residential
₹78,630₹45,460+73% (+0.2% vs city line)₹176.92.7%
2 BHK ₹1,68,100/mo
BKC
Central business district
₹62,300₹33,830+84.2% (+7.4% vs city line)₹124.62.4%
2 BHK ₹1,18,400/mo
Worli – Lower Parel
Prime residential
₹51,410₹30,310+69.6% (-0.8% vs city line)₹115.72.7%
2 BHK ₹1,09,900/mo
Dadar – Matunga
Established mid-market
₹38,360₹23,560+62.8% (-3.9% vs city line)₹99.13.1%
2 BHK ₹94,100/mo
Wadala – Sewri
Established mid-market
₹30,260₹18,600+62.7% (-3% vs city line)₹78.23.1%
2 BHK ₹74,300/mo
Western Suburbs · 5
Bandra West
Prime residential
₹57,470₹33,800+70% (-0.8% vs city line)₹129.32.7%
2 BHK ₹1,22,800/mo
Juhu – Santacruz West
Prime residential
₹44,550₹26,230+69.8% (-0.2% vs city line)₹100.22.7%
2 BHK ₹95,200/mo
Andheri West
Established mid-market
₹26,690₹16,740+59.4% (-4.4% vs city line)₹68.93.1%
2 BHK ₹65,500/mo
Goregaon – Malad
Growth suburb
₹19,470₹12,570+54.9% (-5.3% vs city line)₹55.23.4%
2 BHK ₹52,400/mo
Kandivali – Borivali
Growth suburb
₹18,330₹11,930+53.6% (-5.7% vs city line)₹51.93.4%
2 BHK ₹49,300/mo
Central Suburbs · 5
Chembur
Established mid-market
₹24,350₹14,880+63.6% (-1.1% vs city line)₹62.93.1%
2 BHK ₹59,800/mo
Powai
Established mid-market
₹24,000₹14,880+61.3% (-2.6% vs city line)₹623.1%
2 BHK ₹58,900/mo
Ghatkopar – Vikhroli
Established mid-market
₹20,850₹13,020+60.1% (-2.4% vs city line)₹53.93.1%
2 BHK ₹51,200/mo
Mulund
Growth suburb
₹18,350₹11,930+53.8% (-5.6% vs city line)₹523.4%
2 BHK ₹49,400/mo
Bhandup – Kanjurmarg
Growth suburb
₹17,340₹11,280+53.7% (-5.2% vs city line)₹49.13.4%
2 BHK ₹46,600/mo
Thane · 7
Thane – Pokhran Rd – Vasant Vihar
Prime residential
₹19,480₹11,360+71.5% (+5.7% vs city line)₹43.82.7%
2 BHK ₹41,600/mo
Thane – Majiwada – Kolshet
Established mid-market
₹17,560₹10,850+61.8% (+0.2% vs city line)₹45.43.1%
2 BHK ₹43,100/mo
Thane – Hiranandani Estate – Patlipada
Established mid-market
₹16,580₹10,230+62.1% (+0.9% vs city line)₹42.83.1%
2 BHK ₹40,700/mo
Thane West
Growth suburb
₹15,400₹9,990+54.2% (-3.8% vs city line)₹43.63.4%
2 BHK ₹41,400/mo
Thane – Ghodbunder Rd – Kasarvadavali
Growth suburb
₹13,610₹8,700+56.4% (-1% vs city line)₹38.63.4%
2 BHK ₹36,700/mo
Kalwa – Mumbra – Diva
Peripheral / emerging
₹8,540₹5,690+50.1% (+1.2% vs city line)₹26.33.7%
2 BHK ₹25,000/mo
Bhiwandi
Peripheral / emerging
₹5,540₹3,680+50.5% (+13.1% vs city line)₹17.13.7%
2 BHK ₹16,200/mo
Navi Mumbai · 8
Navi Mumbai – Vashi
Established mid-market
₹18,670₹11,470+62.8% (+0.3% vs city line)₹48.23.1%
2 BHK ₹45,800/mo
Navi Mumbai – Nerul – Seawoods
Established mid-market
₹16,630₹10,230+62.6% (+1.2% vs city line)₹433.1%
2 BHK ₹40,800/mo
Navi Mumbai – Belapur CBD
Established mid-market
₹15,460₹9,610+60.9% (+0.8% vs city line)₹39.93.1%
2 BHK ₹37,900/mo
Navi Mumbai – Airoli – Ghansoli
Growth suburb
₹13,590₹8,700+56.2% (-1.1% vs city line)₹38.53.4%
2 BHK ₹36,600/mo
Navi Mumbai – Kharghar
Peripheral / emerging
₹11,610₹7,700+50.8% (-3.1% vs city line)₹35.83.7%
2 BHK ₹34,000/mo
Navi Mumbai – Ulwe – Dronagiri
Peripheral / emerging
₹8,440₹5,690+48.3% (0% vs city line)₹263.7%
2 BHK ₹24,700/mo
Panvel
Peripheral / emerging
₹7,730₹5,220+48.1% (+1.6% vs city line)₹23.83.69%
2 BHK ₹22,600/mo
Navi Mumbai – Taloja
Peripheral / emerging
₹6,500₹4,350+49.4% (+7% vs city line)₹203.69%
2 BHK ₹19,000/mo
Mira-Bhayandar & Vasai-Virar · 2
Dahisar – Mira Road – Bhayandar
Peripheral / emerging
₹11,010₹7,370+49.4% (-3.4% vs city line)₹33.93.69%
2 BHK ₹32,200/mo
Vasai – Virar
Peripheral / emerging
₹7,550₹5,020+50.4% (+4% vs city line)₹23.33.7%
2 BHK ₹22,100/mo
KDMC · 6
Dombivli East
Growth suburb
₹9,740₹6,320+54.1% (+2% vs city line)₹27.63.4%
2 BHK ₹26,200/mo
Kalyan West
Growth suburb
₹9,530₹6,130+55.5% (+3.4% vs city line)₹273.4%
2 BHK ₹25,600/mo
Kalyan East
Peripheral / emerging
₹7,190₹4,820+49.2% (+4.1% vs city line)₹22.23.71%
2 BHK ₹21,100/mo
Ulhasnagar
Peripheral / emerging
₹6,850₹4,550+50.5% (+6.5% vs city line)₹21.13.7%
2 BHK ₹20,000/mo
Ambernath – Badlapur
Peripheral / emerging
₹5,810₹3,880+49.7% (+10.7% vs city line)₹17.93.7%
2 BHK ₹17,000/mo
Titwala – Ambivli
Peripheral / emerging
₹5,250₹3,480+50.9% (+15.5% vs city line)₹16.23.7%
2 BHK ₹15,400/mo
Raigad & Weekend Homes · 5
Lonavala – Khandala
Peripheral / emerging
₹9,600₹6,360+50.9% (-0.2% vs city line)₹29.63.7%
2 BHK ₹28,100/mo
Alibaug – Mandwa
Peripheral / emerging
₹8,430₹5,690+48.2% (-0.1% vs city line)₹263.7%
2 BHK ₹24,700/mo
Uran – JNPT
Peripheral / emerging
₹5,950₹4,020+48% (+8.3% vs city line)₹18.33.69%
2 BHK ₹17,400/mo
Khopoli – Pen
Peripheral / emerging
₹4,470₹3,010+48.5% (+20.3% vs city line)₹13.83.7%
2 BHK ₹13,100/mo
Karjat – Neral
Peripheral / emerging
₹4,240₹2,810+50.9% (+26% vs city line)₹13.13.71%
2 BHK ₹12,400/mo

Land cost calculator — acquisition, stamp duty & TDR

Type a plot size; we apply the micro-market land rate, the state's stamp-duty rule (charged on the higher of market and reckoner value) and the local TDR pricing convention.

Acquisition (market)

₹16.64 cr

₹3,820/sq ft × 43,560 sq ft

Stamp duty + registration

₹1.00 cr

6% + 1% on ₹16.64 cr

Total outlay

₹17.64 cr

₹2,025 per buildable sq ft @ FSI 2

Reckoner value of plot₹2,560/sq ft₹11.15 cr
Market premium over reckoner₹5.49 cr
Buildable area87,120 sq ft
TDR value of unused FSI87,120 sq ft × ₹896 (≈35% of land reckoner)₹7.81 cr

Maharashtra: 5% stamp + 1% metro cess (Mumbai/Pune/Nagpur) + 1% registration (cap ₹30k). TDR trades ≈ 30–40% of receiving-plot land reckoner. Indicative — confirm with the sub-registrar's current schedule.

Vidura market brief

Across MMR, transacted residential values run 48–84% above IGR Maharashtra's Ready Reckoner rates, with the annual RR revision still trailing a market appreciating near 6.5% YoY. The widest gaps sit in BKC (84.2%), Thane's Pokhran Road belt (71.5%) and the Malabar Hill–Cuffe Parade corridor (73.0%), reflecting scarcity of fresh supply, commercial-residential convergence and infrastructure-linked repricing (Metro, coastal road, redevelopment) that outpaces reckoner updates. Peripheral nodes like Panvel, Uran-JNPT and Karjat-Neral hold near-48% premiums, the market's floor, signalling these as relatively efficient entry points for land banking ahead of MTHL, Navi Mumbai Airport and freight corridor spillovers. For PPP and infrastructure investors, this reckoner-market gap is critical: acquisition costs (stamp duty, TDR, compensation) are reckoner-anchored and understate true asset value, while monetisation and exit pricing follow market rates—widening the underwriting margin but also litigation and holding-cost risk in high-premium micro-markets. With 1,000-plus redevelopment projects underway, expect the RR-market gap to persist, favoring investors who can arbitrage acquisition-versus-exit valuation gaps.

Generated 2026-09-26 from the engine's current numbers and recent headlines · refreshed weekly

5-year trend — city average, residential

Lime = engine's city average sale · sky = rent ₹/sq ft/month · dashed blue = YoY % · amber dots = credible prints (CRE Matrix / PropEquity / Knight Frank / IGR headlines, team deals) — 1 so far · 5Y sale +18.7% · rent +18.7%

  • print
  • rent
  • value
  • yoy
2021-102022-032022-072022-112023-032023-072023-112024-032024-072024-112025-042025-082025-122026-052026-0915k18k20k23k25k-4%0%4%8%12%

Reckoner ↔ market correlation

market ≈ −₹1,586.7 + 1.7618 × reckoner · R² 0.997 · n = 43 micro-markets

0k15k30k45k60k0k20k40k60k80k

Points above the line are micro-markets where the market has run further ahead of the government rate — expect higher land-acquisition cost and stamp-duty arbitrage; points below signal reckoner catch-up risk.

Recent public signals

Why global investors are turning to Georgia for real estate opportunities in 2026 - inkl · inklWhy global investors are turning to Georgia for real estate opportunities in 2026 - inkl · inklBhubaneswar Property Prices Reach ₹8,550 per Sq Ft as Oriom Group Highlights Emerging City Growth - Prittle Prattle News · ₹8,550/sq ft · Prittle Prattle NewsBhubaneswar Property Prices Reach ₹8,550 per Sq Ft as Oriom Group Highlights Emerging City Growth - Prittle Prattle News · ₹8,550/sq ft · Prittle Prattle News₹44 crore deal: Anushka Sharma, Virat Kohli & family add 3 luxury flats to Mumbai property portfolio - Business Today · Business TodayRonit Roy signs 5-year property deal in Mumbai: Leases 950-sq-ft Andheri office for ₹1.39 crore - Business Today · Business Today44 crore deal: Anushka Sharma, Virat Kohli & family add 3 luxury flats to Mumbai property portfolio - Business Today · Business TodayMumbai-NCR real estate price gap narrows to 1.6 times as Gurugram gains ground - The Economic Times · The Economic TimesMumbai-NCR real estate price gap narrows to 1.6 times as Gurugram gains ground - The Economic Times · The Economic TimesActor Ronit Roy rents out an office in Mumbai’s Andheri West for nearly ₹1.4 crore for five years | Bollywood - Hindustan Times · Hindustan TimesActor Ronit Roy rents out an office in Mumbai’s Andheri West for nearly ₹1.4 crore for five years | Bollywood - Hindustan Times · Hindustan TimesAnushka Sharma's ₹44.1-crore Mumbai property deal: 3 apartments on the same floor - Livemint · Livemint

Indicative desk estimates calibrated to government reckoner/circle rates and public signals; not a valuation. Refined daily and by team corrections. Reckoner source: IGR Maharashtra — Annual Statement of Rates (Ready Reckoner). Unit: ₹ per sq ft carpet (land: ₹ per sq ft of plot).

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