A Parking Spot in South Mumbai is More Expensive Than a Flat in Andheri

A parking space in South Mumbai’s Grand Paradi sells at ₹33,000 per sq ft, topping a 2BHK in Andheri West at ₹30,000 per sq ft, spotlighting Mumbai’s escalating property values amid historical trends and parking woes.

Mumbai Sees 6% Residential Price Surge

Mumbai’s residential prices rose 6% in Q1 2025, leading the national real estate market. According to a real estate research and brokerage firm, despite rising costs, cities like Mumbai, Pune, and Chennai recorded strong sales, driven largely by premium and luxury housing demand.

Mumbai Property Valuation Rates Hiked by 3.39%, Govt Announces New ASR

The Maharashtra government has increased Mumbai’s property valuation rates by 3.39% for the financial year 2025-26. The hike is part of the Annual Statement of Rates (ASR), which determines stamp duty and registration charges. The revision reflects rising property demand and infrastructure development. Learn more about how this affects buyers and sellers.