Property rates in Mumbai average ₹38,600 per sq ft, reflecting a steady upward trend over the past three quarters. The market is driven by robust demand, with Mumbai South commanding the highest rates at ₹46,350 per sq ft. Investors are currently finding a rental yield of 3.42%, while ready-to-move projects continue to dominate the supply landscape with over 17,500 units currently available for prospective homebuyers and tenants across the city.
The Mumbai real estate market displays strong growth, with average residential apartment prices climbing from ₹35,550 in September 2025 to reach ₹38,600 per sq ft by March 2026. This upward trajectory is supported by significant registration activity, with over 70,000 transactions recorded between August 2025 and July 2026. Rental demand remains healthy, particularly for apartment units, while developers like MPCHFL and Lodha are leading the volume and value charts respectively. The diverse supply mix, ranging from under-construction projects to ready-to-move inventory, offers varied entry points for buyers across different stages of development.
Mumbai South remains the most expensive micromarket, with an average rate of ₹46,350 per sq ft.
The Harbour micromarket has seen a notable 3.41% growth in property rates.
New launch projects are experiencing a strong 4.44% increase in pricing, reflecting high buyer interest.
Rental yields in the city currently stand at 3.42%, providing a stable return for investors.
The ready-to-move segment is the most active, with 17,559 available units priced at an average of ₹31,300 per sq ft.
Market Strengths
A massive inventory of 17,559 Ready To Move units provides immediate liquidity and security for homebuyers.
The city recorded a substantial ₹113,225 Cr in gross transaction value, underscoring high market confidence.
The Harbour micromarket is showing robust growth with a 3.41% increase in property rates.
Apartment units across the city maintain a positive growth trend of 2.34%.
Rental rates for 6 BHK units remain premium at ₹4.19 Lakh per month, catering to the ultra-luxury rental segment.
Market Challenges
Villa prices have experienced a decline of -16.68%, suggesting a cooling interest in the luxury villa segment.
Office space rental rates have decreased by -8.72%, reflecting a shift in commercial leasing dynamics.
Showroom rental rates have seen a sharp correction of -11.94% over the period.
Project on hold status shows an -8.59% price change, indicating potential risks in specific stalled developments.
Investment Opportunities
Rental yields for residential properties currently sit at 3.42%, offering a reliable income stream for investors.
New launch projects have seen a 4.44% price growth, indicating strong potential for early-stage capital appreciation.
The Western Suburbs rental market has witnessed a significant 6.06% increase in rates, highlighting growing demand in that corridor.
Shop rentals have grown by 6.06%, making commercial retail spaces an attractive prospect for yield-focused investors.
Top Micromarkets in Mumbai
Mumbai South
Avg Price₹ 46,350 /Sq.Ft.
YOY
+ 0.06 %
Avg Rent₹ 191 /Sq.Ft.
YIELD
+ 4.94
LISTINGS
9,507
Mumbai Harbour
Avg Price₹ 37,250 /Sq.Ft.
YOY
+ 3.41 %
Avg Rent₹ 108 /Sq.Ft.
YIELD
+ 3.48
LISTINGS
1,492
Mumbai Central Suburbs
Avg Price₹ 33,000 /Sq.Ft.
YOY
+ 0.34 %
Avg Rent₹ 105 /Sq.Ft.
YIELD
+ 3.82
LISTINGS
7,606
Mumbai Western Suburbs
Avg Price₹ 34,900 /Sq.Ft.
YOY
+ 0.9 %
Avg Rent₹ 99 /Sq.Ft.
YIELD
+ 3.40
LISTINGS
10,000
Price Trend
Mumbai Property Price Trends and Appreciation
Mumbai property prices have shown a consistent upward movement over the last three quarters. City rates grew from ₹35,550 per sq ft in September 2025 to ₹37,700 per sq ft in December 2025, reaching ₹38,600 per sq ft by March 2026. This steady appreciation highlights the sustained demand for residential real estate across the metropolitan region.
Mumbai's micromarkets exhibit diverse pricing landscapes, with Mumbai South leading the city at ₹46,350 per sq ft. Mumbai Harbour follows, commanding an average of ₹37,250 per sq ft after a 3.41% increase. Meanwhile, the Western Suburbs and Central Suburbs offer more accessible entry points, hovering around ₹34,900 and ₹33,000 per sq ft respectively. These variations provide buyers with options ranging from premium luxury segments to value-driven suburban residential choices.
The Mumbai real estate market caters to a wide spectrum of buyers through its varied property categories. Shop spaces lead the premium segment at ₹65,250 per sq ft, while residential apartments maintain a strong average of ₹38,600 per sq ft with a 2.34% increase. Office spaces and villas are also available, with the latter showing a price adjustment of -16.68%, offering distinct opportunities for investors focused on different asset classes.
With 17,559 units, Ready To Move projects remain the backbone of the Mumbai market at ₹31,300 per sq ft, reflecting a 1.98% growth. Under Construction inventory offers 1,886 units at ₹32,900 per sq ft, marking a 2.77% rise in value. Additionally, New Launch projects are gaining traction with a 4.44% price increase, providing buyers with modern living options in an evolving landscape.
Project & Developer Insights
Top Residential Projects and Developers in Mumbai
Top Projectsin Mumbai
Birla Taranya is the top project in Mumbai with prices from ₹ 1.00 Cr to 2.45 Cr.
Birla Taranya
₹ 1 Cr - ₹ 2.45 Cr
Thane City, Thane
Arihant Aspire
₹ 60.36 L - ₹ 1.17 Cr
Panvel, Navi Mumbai
LnT Crestoria Estate
₹ 1.36 Cr - ₹ 3.29 Cr
Panvel, Navi Mumbai
Hiranandani Fortune City
₹ 97.31 L - ₹ 3.13 Cr
Panvel, Navi Mumbai
Kalpataru Vian
Price On Request
Mumbai Western Suburbs, Mumbai
Godrej Green Terraces
₹ 85.06 L - ₹ 2.15 Cr
Panvel, Navi Mumbai
Mahindra Rainforest
₹ 1.76 Cr - ₹ 3.43 Cr
Mumbai Central Suburbs, Mumbai
Purva Panorama
₹ 1.8 Cr - ₹ 2.66 Cr
Thane City, Thane
Mayfair Mira Pride
₹ 1.35 Cr - ₹ 2.19 Cr
Mira Bhayandar, Thane
Raheja Lunaris
₹ 1.26 Cr - ₹ 2.10 Cr
Vashi, Navi Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
Lodha
₹ 67.27 L - ₹ 98.63 Cr
110 Projects
39 Years
Kalpataru
₹ 97.29 L - ₹ 71.98 Cr
84 Projects
50 Years
Hiranandani
₹ 1.02 Cr - ₹ 10.36 Cr
77 Projects
34 Years
Runwal
₹ 86 L - ₹ 60 Cr
68 Projects
41 Years
Rustomjee
₹ 25.75 L - ₹ 62.31 Cr
68 Projects
23 Years
Mayfair Housing
₹ 1.17 Cr - ₹ 15 Cr
50 Projects
52 Years
Godrej
₹ 1.15 Cr - ₹ 87.92 Cr
43 Projects
29 Years
Chandak
₹ 85 L - ₹ 11.11 Cr
40 Projects
20 Years
Mahindra Lifespaces
₹ 1.11 Cr - ₹ 16 Cr
36 Projects
25 Years
Shapoorji Pallonji
₹ 90.41 L - ₹ 21.5 Cr
29 Projects
View More
Top Developers by Transaction Count and Transaction Value
Market transaction volumes are largely driven by established developers who maintain a strong footprint across the city. MPCHFL leads the sector with 80 transactions, closely followed by Runwal with 70 and Lodha with 68. Other key players including HDIL and Ekta World continue to command significant buyer attention, reflecting deep-rooted trust in their project delivery.
The premium segment is defined by high-value transactions from top-tier developers. Lodha stands at the forefront with a value of ₹268.65 Cr from 68 deals, followed by K Raheja Corp at ₹247.9 Cr. Oberoi Realty also contributes significantly with ₹202.73 Cr, proving that major developers continue to set the benchmark for luxury real estate turnover in Mumbai.
Government Registrations
Government Registration in Mumbai
Between August 2025 and July 2026, Mumbai recorded 70,096 property transactions with a total gross value of ₹113,225 Cr. The average registered rate stood at ₹18,350 per sq ft, highlighting the scale of market activity. Developers like MPCHFL and Runwal dominated transaction volumes, while Lodha and K Raheja Corp led in terms of total transaction value, underscoring the influence of established builders in the city's growth.
Sales Transactions70,096
Gross Sales Value₹ 113,225 Cr
Registered Rate₹ 18,350/Sq.Ft
Recent Registered Transactions
Recent Registered Transactions in Mumbai
The Mumbai market saw significant activity with 70,096 registered transactions between August 2025 and July 2026. This high volume of deals resulted in a gross value of ₹113,225 Cr, cementing the city's position as a high-value real estate hub.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-07-08
Floor 3 रा मजला जी विंग गुलमोहर, Unit फ्लॅट नं जी 305
G
403 Sq.Ft.
2026-07-08
Floor 7, Unit 708
1
457 Sq.Ft.
2026-07-05
Floor पाचवा मजला, Unit 521 बिल्डिंग नं 2 /सी
N/A
360 Sq.Ft.
2026-07-03
Floor 2, Unit 210 क्षेत्र 225 चौ फुट कारपेट 2 रा मजला ए विंग ब
A
225 Sq.Ft.
2026-07-03
Floor 12 वा मजला, Unit 1201 सी विंग
C
976 Sq.Ft.
2026-07-03
Floor 5, Unit बी 502 5 वा मजला बी विंग टिगोन अर्थ अंजना को ऑप
B
681 Sq.Ft.
2026-07-03
Floor 5 वा मजला, Unit 508 /ए सी विंग
C
444 Sq.Ft.
2026-07-02
Floor 14, Unit 1401 14 वा मजला शिवनेरी सी एच एस ली अन्ड एम सी ज
N/A
467 Sq.Ft.
2026-07-02
Floor Ground, Unit बी/ 5 तळ मजला लिबरा को ऑप हौ सो लि दिव्या पार्क
N/A
410 Sq.Ft.
2026-07-02
Floor 3 रा मजला बी विंग रवी अपार्टमेंट, Unit फ्लॅट नं 301
B
733 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Mumbai
Rental rates vary significantly by unit size, with studios averaging ₹28,550 per month. Larger configurations command premium prices, with 3 BHK units at ₹1.85 Lakh and 6 BHK units reaching ₹4.19 Lakh per month, reflecting the city's diverse rental demand. The Western Suburbs lead rental growth with a 6.06% increase, while Mumbai South commands the highest average at ₹200 per sq ft. The Central Suburbs and Harbour both offer average rates of ₹100 per sq ft, with the former seeing a 1.9% rise in rental demand. Shops lead the rental growth segment with a 6.06% increase to ₹300 per sq ft. Conversely, showrooms have seen a decline of -11.94%, while apartments currently average ₹100 per sq ft with a -3.51% change.
Rental rates vary significantly by unit size, with studios averaging ₹28,550 per month. Larger configurations command premium prices, with 3 BHK units at ₹1.85 Lakh and 6 BHK units reaching ₹4.19 Lakh per month, reflecting the city's diverse rental demand.
The Western Suburbs lead rental growth with a 6.06% increase, while Mumbai South commands the highest average at ₹200 per sq ft. The Central Suburbs and Harbour both offer average rates of ₹100 per sq ft, with the former seeing a 1.9% rise in rental demand.
Shops lead the rental growth segment with a 6.06% increase to ₹300 per sq ft. Conversely, showrooms have seen a decline of -11.94%, while apartments currently average ₹100 per sq ft with a -3.51% change.
Frequently Asked Questions About Property Rates in Mumbai
What is the current average asking price in Mumbai as of June 2026?
As of June 2026, the average asking price in Mumbai stands at ₹38,600 per sq ft. This figure reflects an appreciation of 2.34% compared to the previous period, indicating a resilient demand for residential properties across the city.
How have property prices in Mumbai trended over the last few quarters?
Property prices in Mumbai have shown a consistent upward trajectory leading into June 2026. Data shows the city rate rose from ₹35,550 per sq ft in September 2025 to ₹37,700 per sq ft in December 2025, reaching ₹38,600 per sq ft by March 2026, signaling sustained investor confidence and buyer interest in the market.
How do property rates compare across different micromarkets in Mumbai?
Property rates in Mumbai vary significantly by region, with Mumbai South commanding the highest average asking price at ₹46,350 per sq ft, which has appreciated by 0.06% since the previous assessment. In comparison, Mumbai Harbour is priced at ₹37,250 per sq ft (up 3.41%), Mumbai Western Suburbs at ₹34,900 per sq ft (up 0.9%), and Mumbai Central Suburbs at ₹33,000 per sq ft (up 0.34%).
What is the difference between the average asking price and the Government Registration Rate in Mumbai?
The average asking price in Mumbai is currently ₹38,600 per sq ft, while the Government Registration Rate is ₹18,350 per sq ft. This gap highlights the difference between market-driven listing prices and the value used for official registration purposes, based on data from August 2025 to July 2026.
How does the status of a project impact property prices in Mumbai?
Property prices in Mumbai are influenced by construction status, with Ready To Move properties averaging ₹31,300 per sq ft (up 1.98% over the period) and Under Construction projects averaging ₹32,900 per sq ft (up 2.77%). Interestingly, Upcoming projects command a higher premium at ₹43,200 per sq ft, despite a minor depreciation of 0.79%, while New Launch projects are priced at ₹31,600 per sq ft, showing a notable appreciation of 4.44%.
Which developers are leading in transaction activity and value in Mumbai?
MPCHFL leads the market in transaction volume with 80 transactions, followed by Runwal with 70 and Lodha with 68 transactions. In terms of total sale value, Lodha ranks first with ₹268.65 Cr, followed by K Raheja Corp at ₹247.9 Cr and Oberoi Realty at ₹202.73 Cr, reflecting their significant footprint in the Mumbai real estate sector.
What is the average rental rate and rental yield in Mumbai?
The average rental rate in Mumbai is ₹110 per sq ft as of June 2026, which has seen a depreciation of 3.51% over the observed period. The city currently offers a rental yield of 3.42%, providing investors with a clear metric to evaluate the income potential of their residential assets relative to the current sale prices.
How do rental rates vary by BHK configuration in Mumbai?
Rental rates in Mumbai scale significantly with unit size, starting from ₹28,550 per month for a Studio apartment. Rates progress to ₹44,800 per month for a 1 BHK, ₹83,550 per month for a 2 BHK, and reach ₹1.85 Lakh per month for a 3 BHK, while larger configurations like 4 BHK, 5 BHK, and 6 BHK command monthly rents of ₹3.92 Lakh, ₹4.05 Lakh, and ₹4.19 Lakh respectively, as of June 2026.
How do rental rates compare across different micromarkets in Mumbai?
Rental rates in Mumbai are highest in Mumbai South at ₹200 per sq ft, which has appreciated by 1.05% as of June 2026. Other regions like Mumbai Central Suburbs, Mumbai Harbour, and Mumbai Western Suburbs all share an average rental rate of ₹100 per sq ft, though their trends differ: Mumbai Western Suburbs saw a significant appreciation of 6.06%, Mumbai Central Suburbs rose by 1.9%, and Mumbai Harbour experienced a depreciation of 2.78%.
How should investors interpret the property price data for Mumbai?
Investors should view the current average asking price of ₹38,600 per sq ft in the context of the 2.34% appreciation observed in the market. By comparing this with the rental yield of 3.42% and the specific performance of different property statuses—such as the 4.44% appreciation in New Launch projects—investors can better identify whether to prioritize capital gains through under-construction assets or steady income through ready-to-move properties.
