When my uncle bought a plot in Mumbai last year, he shared some interesting facts related to 1 acre land cost in Mumbai. I learned from my uncle that there are so many factors that affect the prices of one acre plots. I can share some insights on the same.
What are the Factors Associated with 1 acre Plot Price in Mumbai?
My uncle said that the average cost of 1 acre land in Mumbai city is Rs. 33.25 Crores. The price of one acre land in Mumbai is skyrocketing and there are a number of factors that affect the costs.
Demand: Known as the city of Dreams, Mumbai is growing and so are the places. People come from all over the country and they need places to live and work. This ever growing demand for land drives up the prices.
Better Infrastructure: Lands near highways and airports are more valuable and so they are costlier than other areas.
Government Rules Incentives: If the government decides to make it easier to build on certain areas, the prices may rise.
Nature’s Value: Sometimes, the qualities like good soil or an environmentally sensitive area do affect the prices.
All of these factors are important to consider and they do affect the cost of 1 acre land in Mumbai city.
This topic led me into thinking about different localities and I found some average cost per acre in some areas that you may take a look at.
Locations |
Average Cost Per Acre (in Rs) |
Average Cost Per Sq Ft. (In Rs.) |
Devad Panvel |
Rs. 1.15 Crores |
Rs. 7,641 |
Nashik |
Rs. 15 Crores |
Rs. 50,000 |
Borivali West |
Rs. 80 Lacs |
Rs. 13,333 |
Lodhivali |
Rs. 56 Lacs |
Rs. 5,000 |
Panvel East |
Rs. 1.4 Crores |
Rs. 11,784 |
Goregaon West |
Rs. 1.3 Crores |
Rs. 1,00,775 |
These are some of the average costs in different locations of Mumbai. I hope I was able to answer your question on
cost of 1 acre land in Mumbai city.
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The 1 acre price in Mumbai varies from one location to another. When we planned to buy 1 acre of land, we came across a list of plots with different prices, starting from Rs 300/ sq ft onwards. I have a list of lands and their prices so you can take help from it to get an estimate about 1 acre plot pricing.
What is the Mumbai Land Price Per Acre?
The 1 acre cost in Mumbai varies based on the:
Plot location
Shape of the land
Connectivity facility of the plot
Amenities available and others
Here is a list of Agricultural plots and their prices:
Location |
Cost per sq ft |
Dahisar |
Rs 4591 |
Beneath Matheran hill station |
Rs 300 |
Kandivali East |
Rs 2,066 |
It is hard to get exact 1 acre of land for sale so you better be aware of the per sq ft prices as well. So best of luck with your land purchase and I hope this was helpful.
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Investing in real estate can be really helpful, especially in the long run. While buying a property, I came across a list for a 1 acre land price in Mumbai City. This rate is not fixed so I cannot tell it with certainty, but I am sure it will give you a basic idea at least. The prices are also increasing day by day so do recheck the prices.
What is the price of 1 acre land in Mumbai?
Here is a list of prices for 1 acre of land in Mumbai (commercial) that I noted down once:
Location | Price of land per acre |
Palghar |
Rs 1 crore |
Virar East |
Rs 1.16 crore |
Virar East |
Rs 3 crore |
Virar West |
Rs 6 crore |
The Mumbai 1 acre land price highly depends on factors like
Type of plot
Area of plot
Location of plot
Transportation facility of the area
Amenities available in that area
Demand for plots in that area and other factors
There are several sites where you can check the prices of the plots online, like
- NoBroker
OLX
MagicBricks
99Acres
Housing.com and more
Read More:
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What is the Cost of 1 Acre Land in Mumbai?
Harmindar
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1 Year
2023-09-29T11:18:12+00:00 2023-10-05T14:41:09+00:00Comment
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