Mumbai is one of the most expensive cities to live in India. No wonder the property rates here have been continually skyrocketing. If so, is buying a house in Mumbai even affordable? Yes, it is!

In recent years, several townships, suburbs, and satellite cities have emerged in Mumbai, with affordable yet premium quality housing units. Check out these top localities to buy a home in Mumbai under one crore.

Thane West

This ‘satellite’ city has witnessed a sudden surge in mixed reality development with the confluence of emerging IT parks, commercial districts, smooth connectivity with major metropolitan areas, and more. Thane offers spacious yet affordable housing units with excellent civic amenities. Moreover, prospective buyers can quickly secure a home loan online or offline to finance a property, especially in Thane West.

Malad West

Malad West boasts of numerous townships and residential colonies, with ever-increasing appreciation value. The city is replete with premium medical and educational institutions, ample entertainment zones like the D-Mart, infinity mall, etc., and sought-after sports clubs like Malad Gymkhana for fitness enthusiasts. Its proximity to beaches, airport, Bandra-Worli sea link, budding commercial districts, and smooth rail and road connectivity make it an exceptional place for buying a house under one crore.

Virar West

In recent years, Virar West has emerged as a hotbed of affordable housing. It is a well-connected residential area with extensive, top-notch infrastructure for education, leisure, health, transportation, etc. Nestled away from the congested metropolitan areas, it is perfect for buyers looking for a peaceful residential location. Furthermore, you can get an attractive home loan interest rate for financing your dream house in Virar West.


Located in the Thane district, Badlapur has vast stretches of open, pollution-free spaces owing to Matheran, a hill station in its vicinity. It is well-connected to all the major areas within Mumbai, thanks to a fast railway central line. There are various attractions nearby like waterfalls, treks, etc., perfect for weekend getaways. Above all, you can secure easy home loans at lower home loan interest rates here as compared to places like Navi Mumbai.

Goregaon East

Goregaon East is a promising residential location surrounded by micro-markets like Andheri, Mulund, Malad, etc. This locality is well-connected by a host of transit options such as metro rails, buses, local train services, and taxis. It boasts of well-developed social and physical infrastructure with premium educational and medical institutions, as well as recreational infrastructures like sports clubs, shopping malls, etc.

And, to finance a home in Goregaon East, you can always use a home loan EMI calculator to estimate EMIs for a stipulated home loan amount.

Final Thoughts

Buying a house in Mumbai is difficult without availing of a housing loan. Nonetheless, before you decide on a lender, check your home loan eligibility using a home loan calculator online to compare the home loan rates offered by different lenders.

Based on the comparison, you can apply for a home loan plan with a home loan interest which is most suited to your budget to purchase your dream house in the city that never sleeps.