As of 2022, property prices in Mumbai and Maharashtra vary significantly depending on factors such as location, property type, size, amenities, and market demand. Here is a general overview of property prices in Mumbai and Maharashtra based on different categories:

  1. Residential Property Prices:

   – Mumbai: In Mumbai, residential property prices range from approximately ₹7,000 to ₹40,000 per square foot, depending on the locality and the type of property (apartment, villa, or penthouse).

   – Pune: In Pune, residential property prices range from approximately ₹4,000 to ₹12,000 per square foot, with prices varying across different suburbs and neighborhoods.

   – Thane: In Thane, residential property prices range from approximately ₹5,000 to ₹15,000 per square foot, with prices higher in prime locations and luxury developments.

  1. Commercial Property Prices:

   – Mumbai: Commercial property prices in Mumbai vary widely based on factors such as location, type of commercial space (office, retail, or industrial), and amenities. Prices can range from ₹10,000 to ₹50,000 per square foot or more in prime commercial areas such as Nariman Point, Bandra-Kurla Complex (BKC), Lower Parel, and Andheri.

   – Pune: In Pune, commercial property prices range from approximately ₹5,000 to ₹20,000 per square foot, depending on the location and type of commercial space.

  1. Land Prices:

   – Mumbai: Land prices in Mumbai are among the highest in the country and can vary significantly based on location, zoning regulations, and development potential. Prices can range from ₹50,000 to ₹2,00,000 per square foot or more in prime locations such as South Mumbai and Bandra.

   – Pune: Land prices in Pune vary depending on the locality, proximity to urban centers, and development potential. Prices can range from ₹2,000 to ₹10,000 per square foot in suburban areas and outskirts of the city.

  1. Luxury Property Prices:

   – Luxury property prices in Mumbai and Maharashtra are significantly higher compared to the average property prices. Prices for luxury apartments, villas, and penthouses can range from several crores to hundreds of crores depending on the location, size, and amenities.

  1. Affordable Housing:

   – Affordable housing projects are available in Mumbai and Maharashtra to cater to the needs of middle-income and lower-income homebuyers. Prices for affordable housing units can start from as low as ₹20 lakhs and can go up to ₹60 lakhs or more, depending on the location and amenities.

It’s important to note that property prices are subject to change based on market dynamics, demand-supply trends, economic conditions, and government policies. Prospective buyers and investors are advised to conduct thorough research, consult with real estate experts, and evaluate their budget and investment objectives before making any investment decisions.

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