India, May 15 -- Mumbai's real estate market remains the most expensive in India, with apartment prices soaring to nearly Rs.3 lakh per square foot. However, options are extremely limited for homebuyers with a budget of Rs.1 crore.

According to an analysis by CRE Matrix, which examined property transactions in 60 micro markets of Mumbai during 2024, a budget of Rs.1 crore would secure just 73 square feet of residential space in Malabar Hill, South Mumbai.

The same amount would buy 124 square feet in Bandra, while it would cover 278 square feet in Andheri. Moving further north, Rs.1 crore could get around 380 square feet in Borivali and over 680 square feet in Dharavi-an area also known as Asia's largest slum cluster.

This data highligh...