Short answer — it depends a lot on the micro‑market. Recent reports (2024–mid‑2025) show Mumbai/MMR prices ranging roughly from under ₹10,000/sq ft in peripheral locations to ₹100,000+/sq ft in the very prime South Mumbai markets. Below are representative numbers and sources so you can see the spread and dates.

Key averages and examples (with sources and dates)

• Knight Frank (reporting for 2024): weighted average residential price for the Mumbai Metropolitan Region (MMR) ≈ ₹8,277 per sq ft (figure from the Knight Frank summary reported Jan 7, 2025). (timesofindia.indiatimes.com)
• ANAROCK (Q2 2025 / June 2025): MMR average ≈ ₹17,100 per sq ft; Thane (MMR suburb) ≈ ₹19,800 per sq ft as of June 2025. (ANAROCK uses registration/market data and reports strong suburb growth). (economictimes.indiatimes.com)
• Liases Foras / TOI market snapshot (FY 2024–25): median property price for Mumbai ≈ ₹27,500 per sq ft; prime South Mumbai micro‑markets (Colaba–Worli) can reach about ₹180,000 per sq ft. The report also shows a very wide base-to-prime spread across micro‑markets. (timesofindia.indiatimes.com)
• Micro‑market examples (from city market reporting / Knight Frank summary): Worli ≈ ₹70,000–91,000 per sq ft; Lower Parel ≈ ₹33,700–37,100 per sq ft; Bandra/Andheri ranges vary widely (roughly ₹20,000–80,000+ per sq ft depending on exact location and project). These are year‑end/early‑2025 ranges reported by market analysts. (hindustantimes.com)

What this means in practice

• Wide variation: “Mumbai” is many markets — peripheral pockets (Vasai‑Virar, parts of Navi Mumbai, Mira Road, Ulwe, etc.) can be in the ₹8,000–20,000/sq ft band, established western suburbs and central suburbs typically run from ~₹20,000 up to ₹40,000+/sq ft, and South Mumbai / prime sea‑facing apartments can be ₹75,000–180,000+/sq ft. (economictimes.indiatimes.com)
• Rapid change by submarket and infrastructure: recent years (2023–mid‑2025) have shown strong appreciation in suburbs tied to new metro/highway/airport connectivity (example: Thane, Navi Mumbai pockets). Expect neighborhood and project‑level differences to matter more than the city average. (theweek.in)

Quick example to convert to a transaction value

• If you look at a 1,000 sq ft flat: at ₹20,000/sq ft → ₹2.0 crore (≈ typical for many western‑suburb projects); at ₹70,000/sq ft → ₹7.0 crore (prime Worli/Lodha‑type product); at ₹180,000/sq ft → ₹18.0 crore (ultra‑prime South Mumbai). (Use the per‑sq‑ft figures above to scale by area.)

Caveats and methodology

• Different reports use different scopes and methodologies (weighted averages, median ticket price, new‑launch vs resale, Greater Mumbai vs MMR vs municipal limits). That explains the variation in headline numbers between Knight Frank, ANAROCK, Liases Foras and other trackers. (timesofindia.indiatimes.com)

If you want neighborhood‑level or property‑type averages (e.g., Bandra West 2BHK resale today, or new‑launch rates in Navi Mumbai), tell me which locality / budget / built‑up area you care about and I’ll fetch the latest market quotes and recent transaction data for that specific area.