What is the average cost of housing in Mumbai?

If you are thinking about moving to Mumbai, cost of living in probably a key consideration. Expats commented about the cost of housing...

"Lower than home. My area is around 1 lac; we pay less than most expats in Powai, and much more than most Indians. Our electrical bill is much lower than expats, but have my Indian friends falling over in shock," explained one expat living in Mumbai, India.

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"The cost of housing in Mumbai can vary greatly depending on the area and type of property. Generally, housing in Mumbai is quite expensive, with prices ranging from mid-range to luxury. Renting a one-bedroom apartment in a good area can cost anywhere from $500 to $2,000 per month, while buying a property can cost anywhere from $50,000 to millions of dollars," said another expat in Mumbai, India.

What is the average cost of housing in Mumbai?

If you live in Mumbai, newcomers to Mumbai would love to hear your answer to this question.