October 29, 2025: Mumbai, one of the world’s most expensive real estate markets, continues to attract professionals from across India and abroad. With a population of over 1.25 crore, the city’s housing demand spans luxury to affordable segments. For buyers with a Rs 1 crore budget, options are limited but practical—especially for first-time homebuyers and working professionals.
According to Housing.com, the Housing Price Index for the Mumbai Metropolitan Region rose 14 points year-on-year in June 2025, highlighting sustained demand for smaller units. One-bedroom homes (1BHKs) remain the most sought-after among young professionals, double-income-no-kids (DINK) couples, and investors.
Infrastructure growth has reshaped Mumbai’s connectivity. Projects like the Santacruz-Chembur Link Road, Ghatkopar-Mankhurd Link Road, the Mumbai Coastal Road, and the Trans Harbour Link have cut commute times drastically, enhancing access to peripheral areas.
“In the western suburbs, Rs 1 crore can buy a 1BHK or a compact 2BHK of 450–550 sq ft in Dahisar, Mira Road, or the outskirts of Kandivali,” said Ankita Luharuka, CEO and Co-founder of Alliance City Developers. “The majority of people in this group are practical purchasers who care more about low prices and easy availability than luxury.” In the central suburbs, similar budgets fetch 1BHKs in Bhandup, Mulund, or Chembur, ideal for small families.
“Ready homes at Rs 1 crore are usually older or farther out, while under-construction projects offer more space but carry some delivery risk,” noted Vivek Rathi, National Director – Research, Knight Frank India.
According to Mehernosh Tata, MD & CEO, Godrej Housing Finance, “For a home priced at Rs 1 crore, with a 25% down payment, borrowers typically need a Rs 75 lakh loan. The EMI for an Rs 80 lakh loan over 20 years can range between Rs 68,000 and Rs 69,000 per month.”
Experts advise factoring in additional costs such as stamp duty, registration, legal fees, and maintenance before finalising a purchase. For many, Rs 1 crore in Mumbai buys modest space—but a valuable foothold in India’s most aspirational city.
Source: Housing.com
