Quick answer
Average 3BHK flat price in Mumbai is ₹1.63 Cr in 2026. Range: ₹1.17 Cr–₹2.36 Cr depending on area. Add 7% for stamp duty + registration.
Maharashtra · 2026
3BHK Flat Price in Mumbai (2026)
Area-wise 3BHK property prices, stamp duty costs, and a buyer's guide for Mumbai in 2026.
Mumbai 3BHK Price Overview
City median
₹1.63 Cr
Affordable areas
₹1.17 Cr
Premium areas
₹2.36 Cr
Median for ready-to-move-in semi-finished apartments. Under-construction is 10-20% cheaper but carries delivery risk. Data: 2026.
Total Cost to Buy a 3BHK in Mumbai
Beyond the property price, factor in stamp duty, registration, and fit-out.
3BHK flat price (median)
₹1.63 Cr
Stamp duty (6%)
Maharashtra
₹10 L
Registration fee (~1%)
₹2 L
Legal & misc
Advocate, title verification
₹1–2 L
Interior fit-out
For bare-shell units
₹5–15 L
All-in estimate
₹1.77 Cr–₹1.92 Cr
Maharashtra: 6% stamp duty (5% in Mumbai) + 1% registration fee
3BHK Buy Price by Area in Mumbai
Property prices vary significantly across neighbourhoods. Premium micro-markets command 40-60% above city median.
Bandra
~₹2.36 Cr
Upscale coastal area with expats, fine dining, nightlife, and beaches. Extremely crowded and expensive but the most cosmopolitan neighbourhood in India.
Powai
~₹2.20 Cr
Corporate hub with IT offices, shopping malls, young professionals, and a lake. Cleaner and better planned than South Mumbai.
Andheri
~₹1.96 Cr
Massive suburb with diverse communities, heavy traffic, mixed residential-commercial with affordable pockets. Convenient for airport travel.
Worli
~₹1.71 Cr
Upscale area near the business district, premium housing, good restaurants, sea-facing premium. Corporate executives and finance crowd.
Navi Mumbai (Vashi/Kharghar)
~₹1.47 Cr
Planned suburb with better infrastructure, less congestion, growing commercial hubs. The affordable alternative for those working in the city.
Thane
~₹1.27 Cr
IT and manufacturing hub, expanding metro connectivity, affordable, younger demographic. 1-1.5 hours from city centre.
Lower Parel / Dadar
~₹1.27 Cr
Redeveloped mill district now home to offices, malls, and residential towers. Central location; expensive but convenient.
Area prices are indicative estimates derived from city median. Verify with local brokers before making an offer.
Buy vs Rent: 3BHK in Mumbai
3BHK median buy price
₹1.63 Cr
3BHK median monthly rent
₹55,000/mo
Annual rent
₹6,60,000/yr
Price-to-rent ratio
25×
Break-even (rough estimate)
21 yrs
Break-even assumes 20% down payment, 8.5% home loan rate, 4% annual price appreciation, and 2% annual rent increase. Individual outcomes vary.
FAQs
What is the average 3BHK flat price in Mumbai in 2026?
The median 3BHK flat price in Mumbai is ₹163 lakhs (₹1.63 Cr) in 2026. Budget areas start from ₹117 lakhs; premium neighbourhoods go up to ₹236 lakhs or more.
How much is stamp duty on a 3BHK flat in Mumbai?
Maharashtra: 6% stamp duty (5% in Mumbai) + 1% registration fee. On a ₹1.63 Cr flat, total stamp duty and registration is approximately ₹12 L.
Is it better to buy or rent a 3BHK in Mumbai?
With a price-to-rent ratio of 25×, buying makes sense if you plan to stay 21 years or more. If you may relocate within 5 years, renting at ₹55,000/mo is more flexible.
What is the total all-in cost to buy a 3BHK in Mumbai?
For a ₹1.63 Cr flat: add stamp duty (~₹10 L), registration (~₹2 L), legal fees (₹1-2L), and interior fit-out (₹5-15L for bare-shell). Total all-in: ₹1.77 Cr–₹1.92 Cr.