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%
79k
62k
57k
51k
45k
38k
30k
27k
24k
24k
21k
19k
19k
19k
18k
18k
18k
17k
17k
17k
15k
15k
14k
14k
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

Mumbai Metropolitan Region continues to trade at a wide, structural gap over IGR Maharashtra ready reckoner rates, with market premiums ranging roughly 48-84% across micro-markets and a seeded annual appreciation trend near 6.5%. BKC commands the steepest premium (84.2%), followed by Thane's Pokhran Road–Vasant Vihar belt (71.5%) and Malabar Hill–Cuffe Parade (73.0%), reflecting scarcity of prime stock, commercial-grade infrastructure and institutional demand rather than reckoner catch-up. Peripheral and PPP-relevant corridors — Panvel, Ulwe-Dronagiri, Uran-JNPT, Taloja — show comparatively compressed premiums (48-49%), signalling these zones remain closer to official valuation and offer more predictable land-acquisition economics for infrastructure and transit-linked projects. For land aggregation and asset monetisation, the wide reckoner-market gap in core micro-markets raises stamp-duty arbitrage and compensation-benchmarking complexities, while peripheral nodes near JNPT, Navi Mumbai airport and metro extensions offer cleaner entry points for PPP structuring. As MMR's infrastructure pipeline (coastal road, metro, Navi Mumbai airport) matures, expect premiums in currently under-valued peripheral corridors to gradually converge upward, narrowing the reckoner gap.

Generated 2026-09-06 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

Bollywood actor Hrithik Roshan has leased a 2,727 sq ft office space in Mumbai’s Goregaon East to QuantumX Global Private Limited for five years, HT reported, citing property registration documents accessed by CRE Matrix · instagram.com · source: CRE MatrixAjay Devgn Rents Out 7,802-Sq-Ft Juhu Bungalow for Rs 10.61 Crore Over Five Years - heraldgoa.in · heraldgoa.inAmitabh Bachchan earns ₹33 lakh monthly rent from Mumbai building: Indian celebs who make jaw-dropping rent... - bhaskarenglish.in · bhaskarenglish.inRakesh Roshan, Pramila Roshan lease Mumbai JVPD flat; Rs 1.89 crore rental value; Rs 5 lakh monthly rent - timesofindia.indiatimes.com · timesofindia.indiatimes.comHrithik Roshan Expands Real Estate Empire with ₹4.84 Crore Mumbai Office Lease Deal - GujaratSamachar English · GujaratSamachar EnglishSonu Nigam buys commercial office space in Andheri with 258.33 sq ft carpet area for Rs 1 crore: Report - timesofindia.indiatimes.com · timesofindia.indiatimes.comManoj Bajpayee buys agricultural land of 4.45 acres near Lonavala for Rs1.37 crore, check actor's real estate portfolio - Livemint · LivemintHow Gurugram, With Highest Facilities, Posing Stiff Competition To 'Maximum City' Of Mumbai In Ultra-luxury Housing Space - ETV Bharat · ETV BharatHrithik Roshan leases out 2,727 sq ft office space in Mumbai's Goregaon for a monthly rent of Rs 7.30 lak - timesofindia.indiatimes.com · timesofindia.indiatimes.com₹271 Cr For A Penthouse? Entrepreneur Buys DLF The Dahlias Penthouse In Gurugram For Record Price! - curlytales.com · curlytales.comActor Ajay Devgn, mother to earn Rs 16 lakh/month from Juhu bungalow lease - check Juhu Road property pric - The Economic Times · The Economic TimesIndependence Day 2026: Mumbai refugees got 361 sq ft homes for ₹5,300; to receive 635 sq ft flats after decades | Real Estate News - hindustantimes.com · hindustantimes.com

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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