Compare home prices, costs, and affordability between these two cities
Average Home Price
$15,000,000
Median Income
$800,000
Property Tax Rate
6%
Average Home Price
$6,000,000
Median Income
$650,000
Property Tax Rate
7%
About Mumbai:
Mumbai, India's financial capital, has the most expensive real estate market. South Mumbai and premium suburbs command astronomical prices. Strong appreciation potential despite high entry cost.
About Chennai:
Chennai offers South Indian metro living with growing IT sector. OMR (Old Mahabalipuram Road) and ECR see strong demand. Stable market with steady appreciation.
Mumbai has an average home price of $15,000,000 compared to Chennai's $6,000,000. The property tax rates are 6% and 7% respectively. Median household income is $800,000 in Mumbai versus $650,000 in Chennai.