What Rental Yield Does a Mumbai Flat Actually Earn? 2026 Numbers by Area
Mumbai's average gross rental yield is about 3.7%, the lowest of India's big cities. Navi Mumbai and Central Mumbai do better. What the numbers mean for owners.
Owners often ask me whether their rent is "good". One way to judge it is gross rental yield: a year's rent divided by the price of the flat. Global Property Guide's May 2026 update puts Mumbai's average gross yield at 3.74%.
Yields by area (gross, May 2026)
| Area | 1-bed | 2-bed | 3-bed |
|---|---|---|---|
| Andheri to Dahisar | 3.26% | 3.20% | 3.24% |
| Thane | 3.09% | 3.15% | 3.13% |
| Navi Mumbai | 5.06% | 4.31% | 3.31% |
| Central Mumbai | 4.51% | 4.19% | 4.02% |
| Mumbai Harbour | 4.52% | 4.31% | 3.61% |
| South Mumbai | 3.43% | 3.59% | 4.03% |
In Mumbai you buy for the long term and rent for income. Expecting both to be high is how owners get disappointed.
How Mumbai compares
On the same data, Delhi averages 6.12%, Pune 5.20%, Bengaluru 5.01% and Hyderabad 4.52%. Mumbai is the lowest of the eight cities, mostly because prices are so high.
Read these numbers carefully
- They are based on asking rents and listing prices, not registered deals.
- They are gross. After property tax, maintenance, repairs, vacancy and brokerage, net yield is typically 1.5 to 2 percentage points lower.
What this means for owners
- Vacancy is the biggest yield killer. A month empty cuts a year's yield by about 8%.
- Set rent on recent deals in your building. See how to set the right rent.
- Know your real costs. See what a rented flat costs the owner.
Frequently asked questions
What is the average rental yield in Mumbai?
About 3.74% gross, according to Global Property Guide's May 2026 update, the lowest of the eight Indian cities it tracks.
Which parts of Mumbai have higher rental yields?
In the same data, Navi Mumbai, Central Mumbai and the Harbour line areas show higher gross yields, above 4% for smaller flats.
Sources
Own a flat in Mumbai, Thane or Navi Mumbai? Book a call and tell me what you are dealing with.
Warmly,
Yanik
Own a flat in Mumbai while living abroad?
TND Listings manages, sells and helps you buy property across Mumbai, Navi Mumbai and Thane, with one point of contact.
TND Listings is a professional real estate brokerage company serving buyers, sellers, NRIs and Private Institutes. At TND Listings, you are number one. We believe in integrity, commitment to excellence, a professional attitude, and personalised care.
→
Off Veera Desai Road, Andheri West,
Mumbai, Maharashtra 400053 +91 88504 51835
Prabhadevi, Mumbai,
Maharashtra 400025 +91 8850451835
Shakespeare Sarani, Kolkata,
West Bengal 700017 +91 88504 51835
Thakur Village, Kandivali East,
Mumbai, Maharashtra 400101 +91 88504 51835
CIN: U68100MH2025PTC448661
© 2020 – 2026 TND Listings Private Limited, operating under the brands TND Listings and The New Door · CIN U68100MH2025PTC448661 · MahaRERA Agent Reg. No. A51800024511