109 Years: Mumbai’s Housing Nightmare

By Sushant Agarwal

Published on | Jul 01, 2025

Mumbai’s 109-Year Housing Gap

Even Maharashtra’s richest urban families would need to save for 109 years to afford an average-sized home in Mumbai, new data reveals.

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Top Earners Can’t Afford Homes

Even households in Maharashtra’s top 5% income group earning ₹10.7 lakh/month would need decades to buy a home in Mumbai, data shows.

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The Real Cost of a Home

At ₹29,911 per sq. ft., a standard Mumbai home costs ₹3.54 crore. Even top earners saving ₹3.2 lakh/year would need over 100 years to afford one.

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Other Cities, Similar Trouble

In comparison, top earners need 64 years to buy a home in Gurgaon, 36 in Bengaluru, 35 in Delhi, while Chandigarh is most affordable at just 15 years.

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Public Reacts With Disbelief

The numbers sparked disbelief online. Some questioned, while others raised concerns about housing policies & rising urban living costs in India.

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Prices Keep Surging

The affordability crisis worsens as property prices surge. ANAROCK reports a 23% year-on-year rise in average home prices across India’s top 7 cities.

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Major Cities See Big Hikes

Delhi-NCR led with a 56% price surge, followed by Bengaluru at 44% & Hyderabad at 37%. Mumbai stayed costliest but recorded highest property sales.

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MMR Leads in Sales

Between April and September 2024, the Mumbai Metropolitan Region saw the highest property sales in India, followed by Pune and Delhi-NCR.

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NRIs Fuel the Luxury Boom

By 2025, NRIs may drive 20% of luxury home buys in India, boosted by digital platforms like NoBroker.com, says Bloomberg.

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What Lies Ahead

With even top earners needing decades to buy home, India’s urban housing crisis is deepening—calling for bold reforms & a fresh look at affordability.

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