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Property Rates in Mumbai

Comprehensive Market Snapshot

Mumbai's property market currently shows an average asking price of ₹38,597 per sq ft, with registration rates averaging ₹18,130 per sq ft, indicating a significant spread between asking and registration values. The rental market sees an average rate of ₹110 per sq ft with a rental yield of 3.42%. Price trends show fluctuations, with rates projected to reach ₹38,597 per sq ft by Mar 2026. Key micromarkets like Mumbai South command higher rates at ₹46,342 per sq ft, while Mumbai Central Suburbs are priced at ₹32,882 per sq ft. Apartments are the most common property type, averaging ₹38,597 per sq ft. Top projects by transactions include JP North and Peninsula Ashok Towers, while Kalpataru and Lodha lead among developers by transactions.

  • The average asking price stands at ₹38,597 per sq ft.
  • Rental yield is currently at 3.42%.
  • Mumbai South is the most expensive micromarket at ₹46,342 per sq ft.
  • Apartments average ₹38,597 per sq ft.
  • JP North leads in transactions with 41 units.

  • Asking Sale Price₹ 38,597 /sq.ft
  • Govt. Registration Prices₹ 18,130 /sq.ft
  • Average Rental₹ 110 /sq.ft
  • Rental Yield3.42 %
  • Insights
  • Price Trends
  • Project and Developer Insights
  • Government Registrations
  • Recent Transactions
  • Rental Trends
  • Other Property Rates

Insights for Mumbai Real Estate Market

Mumbai's real estate market presents a dynamic picture with an average asking price of ₹38,597 per sq ft and a registration rate of ₹18,130 per sq ft. Quarterly price trends indicate a projected increase to ₹38,597 per sq ft by March 2026, following a dip in December 2025 and a rise in September 2025. The rental market is active, with an average rental rate of ₹110 per sq ft and a rental yield of 3.42%. Residential apartments command an average rent of ₹110 per sq ft, while studios are available for approximately ₹28,547 per month. Among micromarkets, Mumbai South leads with an average rate of ₹46,342 per sq ft, while Mumbai Western Suburbs average ₹34,583 per sq ft. Property types vary significantly, with shops averaging ₹65,257 per sq ft and villas at ₹34,821 per sq ft. In terms of construction status, Ready To Move properties are most abundant with 16,961 units at ₹30,698 per sq ft. The developer landscape is led by Kalpataru and Lodha in terms of transaction volume.

  • The average asking price is ₹38,597 per sq ft, with a notable gap to the registration rate of ₹18,130 per sq ft.
  • Rental income potential is reflected in a 3.42% rental yield, with 3 BHK apartments averaging ₹1.85 Lakh per month.
  • Mumbai South leads in property values at ₹46,342 per sq ft, while Mumbai Central Suburbs offer more accessible rates at ₹32,882 per sq ft.
  • Apartments are priced at ₹38,597 per sq ft, showing a 2.34% increase, contrasting with a -16.68% change for villas.
  • Kalpataru leads in transaction volume with 88 deals, while Lodha leads in transaction value at ₹283.88 Cr.

Market Strengths Market Strengths
  • The overall asking price of ₹38,597 per sq ft, particularly for apartments at ₹38,597 per sq ft with a 2.34% increase, signifies a robust residential market.
  • Mumbai South, despite its high price point of ₹46,342 per sq ft, shows stability with a 0.28% increase, indicating sustained demand in prime locations.
  • The rental market offers a yield of 3.42%, with substantial average monthly rents for larger apartments like 3 BHK (₹1.85 Lakh) and 4 BHK (₹3.92 Lakh), suggesting strong rental income potential.
  • Micromarkets like Mumbai Central Suburbs show positive growth with a 9.36% increase in average rates, indicating emerging investment opportunities.
  • Projects in 'Advanced Stage' and 'Partially Ready To Move' show positive price changes of 1.69% and 3.7% respectively, indicating healthy development progress and market absorption.
  • Top developers like Kalpataru and Lodha are actively transacting, with Kalpataru leading in volume (88 transactions) and Lodha in value (₹283.88 Cr), reflecting strong developer credibility and project execution.
  • The high average rental rate of ₹193 per sq ft in Mumbai South highlights the premium rental market in established luxury localities.
Market Challenges Market Challenges
  • Villas have experienced a substantial price decrease of -16.68%, indicating a potential market correction or reduced demand in this segment.
  • Office spaces saw a -0.41% change in average price, and showroom rentals decreased by -11.94%, suggesting a subdued commercial leasing environment.
  • The average rental rate for apartments has seen a -3.51% change, indicating potential pressure on rental income for residential units.
  • While Mumbai South commands high prices, its growth rate is slow at 0.28%, suggesting limited immediate capital appreciation potential compared to other areas.
Investment Opportunities Investment Opportunities
  • Mumbai Central Suburbs offer an average rental rate of ₹107 per sq ft with a 1.9% year-on-year increase, presenting potential for rental appreciation.
  • Apartments, a popular property type, have an average rental rate of ₹110 per sq ft, with 1 BHK units averaging ₹44,813 per month and 2 BHK units at ₹83,561 per month, indicating steady rental demand.
  • The 'Upcoming' project status shows a significant jump in average price to ₹43,525 per sq ft with an 8.88% increase, suggesting potential for future capital appreciation.
  • Properties in Mumbai South, while expensive at ₹46,342 per sq ft, show a modest 0.28% increase, indicating stability in a high-value market.
  • Shops are the highest-priced property type at ₹65,257 per sq ft, offering potentially higher rental yields for commercial investors.
  • The average rental yield stands at 3.42%, providing a baseline for income generation from rental properties.
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Property Price Trends in Mumbai

Asking Price Trends

Mumbai's property market is experiencing dynamic price movements, with the average asking price projected to reach ₹38,597 per sq ft by March 2026. Following a dip to ₹37,713 per sq ft in December 2025, prices are expected to rebound. The preceding quarter, September 2025, saw rates at ₹35,552 per sq ft, indicating an upward trend overall.

Quarter City Rate
Mar 2026 38597
Dec 2025 37713
Sep 2025 35552
Jun 2025 37868
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Price Trends by Micromarket

Mumbai's real estate value varies significantly across its micromarkets. Mumbai South commands the highest average rates at ₹46,342 per sq ft, reflecting its prime positioning. Mumbai Harbour follows with ₹36,015 per sq ft, while the Western Suburbs are priced at ₹34,583 per sq ft. The Central Suburbs offer more accessible entry points, averaging ₹32,882 per sq ft.

Micro Market Rate (₹/sq.ft) Change %
Mumbai Central Suburbs 32,882 9.4
Mumbai Harbour 36,015 4.2
Mumbai South 46,342 0.3
Mumbai Western Suburbs 34,583 4.4
Price Trends by Property Type

Mumbai's property market caters to a diverse range of asset classes. Shops lead with an average price of ₹65,257 per sq ft, despite a slight decrease. Office spaces are priced at ₹39,785 per sq ft, also seeing a minor dip. Residential apartments, a core market segment, average ₹38,597 per sq ft with a positive 2.34% change, while villas are priced at ₹34,821 per sq ft, experiencing a significant drop.

Type Rate (₹/sq.ft) Change %
Shop 65,257 -0.33
Office Space 39,785 -0.41
Villa 34,821 -16.68
Apartment 38,597 2.34
Co-working Space 30,391 0.15
Price Trends by Project Status

The Mumbai property market offers a spectrum of projects across different development stages. Ready To Move inventory is the most substantial, with 16,961 units averaging ₹30,698 per sq ft. Under Construction projects present 1,961 opportunities at ₹32,005 per sq ft. New Launch projects, numbering 565 units, are priced at ₹30,238 per sq ft.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 22,628 30,649 -1.07
Under Construction 1,961 32,005 1.02
New Launch 565 30,238 1.95

Project and Developer Insights

Top Projects in Mumbai
West Center Meridian Courts is the top project in Mumbai with prices from ₹ 90.00 Lac to 2.98 Cr.
West Center Meridian Courts ₹ 90 L - ₹ 2.97 Cr
  • Mumbai Western Suburbs, Mumbai
Prestige Garden Trails ₹ 1.1 Cr - ₹ 2.10 Cr
  • Mira Bhayandar, Thane
Origin Rock Highland ₹ 1.69 Cr - ₹ 2.45 Cr
  • Mumbai Western Suburbs, Mumbai
Birla Taranya ₹ 1 Cr - ₹ 2.45 Cr
  • Thane City, Thane
Godrej Nexspace ₹ 1.14 Cr - ₹ 1.14 Cr
  • Panvel, Navi Mumbai
Purva Estrella ₹ 2.75 Cr - ₹ 7.75 Cr
  • Mumbai Western Suburbs, Mumbai
Kalpataru Srishti Namaah ₹ 91.00 L - ₹ 3.60 Cr
  • Mira Bhayandar, Thane
Mahindra Vista ₹ 1.40 Cr - ₹ 5.26 Cr
  • Mumbai Western Suburbs, Mumbai
JP The Palace ₹ 83 L - ₹ 1.77 Cr
  • Mira Bhayandar, Thane
Vihang Avaana ₹ 1.70 Cr - ₹ 1.70 Cr
  • Mira Bhayandar, Thane
View More
New Launch
Under Construction
Ready to Move
Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Mumbai are showcasing high asking prices, indicative of their luxury appeal and strategic locations. Kalpataru Azuro in Mumbai South is priced at an exceptional ₹1.41 Lakh per sq ft, reflecting a substantial 66.37% increase. Rustomjee Parishram in the Western Suburbs follows at ₹1.37 Lakh per sq ft, with a 16.66% rise. Lodha Malabar, also in Mumbai South, is listed at ₹1.3 Lakh per sq ft, marking a 28.42% increase, highlighting a premium segment driven by exclusive offerings.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Kalpataru Azuro 1,41,067 66.4
Rustomjee Parishram 1,36,650 16.7
Lodha Malabar 1,29,502 28.4
232 Dhuleva 1,22,331 -
Rustomjee The Panorama 1,22,191 29.2
Wadhwa Golden Peak 1,22,162 17.7
Prestige Daffodils Chs 1,22,162 17.7
Wadhwa Samarpan 1,22,162 17.7
Kalpataru Nakshatra 1,21,594 17.2
Ruparel Mirage 1,21,594 17.2
Project Name Current Price (₹/sq.ft) Sale Value Change %
Peninsula Ashok Towers 43,309 ₹ 98.55 Cr 6.8
Maker Tower 57,664 ₹ 90.93 Cr -
Supreme Signature 40,895 ₹ 90 Cr 3.8
Indiabulls Sky Forest 44,638 ₹ 73.71 Cr 19.4
L&t Crescent Bay 43,997 ₹ 70.67 Cr 4.5
Lodha The Park 62,025 ₹ 55.87 Cr 11.2
Omkar Alta Monte 29,760 ₹ 53.81 Cr -
Shapoorji Pallonji The Imperial 72,903 ₹ 52.53 Cr -
Rustomjee Crown 73,168 ₹ 52.08 Cr -
Mj 81 Aureate 49,272 ₹ 50 Cr -
Project Name Current Price (₹/sq.ft) Transactions Change %
Jp North 16,987 41 2.1
Peninsula Ashok Towers 43,309 20 6.8
Seven Eleven Apna Ghar 14,167 20 0.2
Chandak Nishchay 27,533 17 4.6
Omkar Alta Monte 29,760 16 -
L&t Crescent Bay 43,997 15 4.5
Kalpataru Radiance 36,420 14 4
Runwal Bliss 30,603 14 0.4
Sheth Vasant Oasis 33,064 13 7.5
Lnt Realty Emerald Isle 37,186 12 2.6
Top Projects by Rental Rates

Premium rental offerings in Mumbai are concentrated in specific high-value projects. Oberoi Three Sixty West in Mumbai South tops the list with a current rental rate of ₹357 per sq ft. Khatau Mansion and Lodha Seamont, also in Mumbai South, follow with rates of ₹333 per sq ft and ₹319 per sq ft, respectively, indicating a strong premium rental segment in established luxury locales.

Project Name Rate (₹/sq.ft) Change %
Oberoi Three Sixty West 357 -
Khatau Mansion 333 -
Lodha Seamont 319 -
Summer Ville 314 -
Dev Darshan Annexe 314 -
Shanaz Apartment 302 -
Lands End 300 -
Urvashi Malabar Hill 300 -
Meherina Chs 295 -
Rustomjee Parishram 294 -
Top Developers in Mumbai
Lodha leads in Mumbai with 110 projects and 39 years of experience.
DLF
Lodha ₹ 67.27 L - ₹ 98.63 Cr
  • 110 Projects
  • 39 Years
DLF
Kalpataru ₹ 97.29 L - ₹ 71.98 Cr
  • 83 Projects
  • 50 Years
DLF
Hiranandani ₹ 64.28 L - ₹ 8.28 Cr
  • 77 Projects
  • 34 Years
DLF
Rustomjee ₹ 25.75 L - ₹ 62.31 Cr
  • 68 Projects
  • 23 Years
DLF
Runwal ₹ 86 L - ₹ 60 Cr
  • 68 Projects
  • 41 Years
DLF
The Wadhwa Group ₹ 1.01 Cr - ₹ 39.64 Cr
  • 59 Projects
  • 50 Years
DLF
Mayfair Housing ₹ 1.17 Cr - ₹ 15 Cr
  • 50 Projects
  • 52 Years
DLF
Ruparel ₹ 63.33 L - ₹ 6.94 Cr
  • 44 Projects
  • 19 Years
DLF
Godrej ₹ 1.07 Cr - ₹ 87.92 Cr
  • 43 Projects
  • 29 Years
DLF
Chandak ₹ 85 L - ₹ 10.93 Cr
  • 40 Projects
  • 20 Years
View More
Top Developers by Transaction Count and Transaction Value

Premium residential developments in Mumbai are showcasing high asking prices, indicative of their luxury appeal and strategic locations. Kalpataru Azuro in Mumbai South is priced at an exceptional ₹1.41 Lakh per sq ft, reflecting a substantial 66.37% increase. Rustomjee Parishram in the Western Suburbs follows at ₹1.37 Lakh per sq ft, with a 16.66% rise. Lodha Malabar, also in Mumbai South, is listed at ₹1.3 Lakh per sq ft, marking a 28.42% increase, highlighting a premium segment driven by exclusive offerings.

  • By Transaction
  • By Value
Developer Transactions
Kalpataru 88
Lodha 78
Hiranandani 77
Hdil 76
Runwal 75
Mpchfl 54
Bhoomi Group 49
Jp Infra 47
Kanakia Spaces 44
Developer Sale Value
Kalpataru ₹ 289.96 Cr
Lodha ₹ 283.88 Cr
K Raheja Corp ₹ 246.73 Cr
Hiranandani ₹ 234.18 Cr
Peninsula Land ₹ 172.32 Cr
Runwal ₹ 170.59 Cr
Rustomjee ₹ 158.04 Cr
Oberoi Realty ₹ 153.61 Cr
Raheja Universal ₹ 137.81 Cr

Government Registration in Mumbai

  • Sales Transactions1,01,805
  • Gross Sales Value₹ 158,172 Cr
  • Registered Rate₹ 18,150 /sq.ft

Mumbai's property market recorded 101,805 transactions, amounting to a gross value of ₹158,172 Cr between May 2025 and April 2026. The average registered rate during this period was ₹18,150 per sq ft. Developer activity is robust, with Kalpataru leading in transactions and Lodha in transaction value. Top projects like JP North and Peninsula Ashok Towers are drawing significant buyer interest.

Recent Registered Transactions in Mumbai

Date Floor/Unit Tower/Wing Area Value Rate/Sq.Ft.  
2026-04-05 Floor 8, Unit 803 1, A 269 Sq.Ft. 🔒 🔒
2026-04-05 Floor 6, Unit 603 90 433 Sq.Ft. 🔒 🔒
2026-04-05 Floor 12, Unit 1204 6, B 413 Sq.Ft. 🔒 🔒
2026-04-05 Floor 9, Unit 901 N/A 479 Sq.Ft. 🔒 🔒
2026-04-05 Floor 8, Unit 801 N/A 475 Sq.Ft. 🔒 🔒
2026-04-05 Floor 18, Unit 1803 4, A 303 Sq.Ft. 🔒 🔒
2026-04-05 Floor 45, Unit 4502 Irish 849 Sq.Ft. 🔒 🔒
2026-04-05 Floor 11, Unit 1110 1A 225 Sq.Ft. 🔒 🔒
2026-04-05 Floor 12, Unit 1207 N/A 323 Sq.Ft. 🔒 🔒
2026-04-05 Floor 15, Unit 1503 N/A 509 Sq.Ft. 🔒 🔒

Property Rental Trends in Mumbai

Rental Trends by Unit Type

The rental market in Mumbai offers a wide range of options across BHK configurations. Studio apartments average ₹28,547 per month, while 1 BHK units are priced at ₹44,813 per month. Demand increases with size, as 2 BHK apartments average ₹83,561 per month, 3 BHK units reach ₹1.85 Lakh per month, and larger 4, 5, and 6 BHK residences command rents of ₹3.92 Lakh, ₹4.05 Lakh, and ₹4.19 Lakh per month, respectively.

Unit Type Rate (₹)
Studio 28,547
1 Bhk 44,813
2 Bhk 83,561
3 Bhk 1,85,394
4 Bhk 3,91,841
5 Bhk 4,05,197
6 Bhk 4,18,554
Rental Trends by Micro Markets

Rental rates in Mumbai vary considerably by location. Mumbai South leads with an average rental rate of ₹193 per sq ft, showing a 1.05% year-on-year increase. The Western Suburbs offer rentals at ₹105 per sq ft with a notable 6.06% rise, while Central Suburbs average ₹107 per sq ft, up 1.9%. Mumbai Harbour averages ₹105 per sq ft, though it has seen a 2.78% decrease.

MicroMarket Rate (₹/sq.ft) Change %
Mumbai Central Suburbs 107 1.9
Mumbai Harbour 105 -2.78
Mumbai South 193 1.05
Mumbai Western Suburbs 105 6.06
Rental Trends by Property Type

Across different property types, rental rates in Mumbai show distinct patterns. Showrooms command the highest average rental rate at ₹332 per sq ft, despite a -11.94% change. Shops are also premium at ₹280 per sq ft, experiencing a positive 6.06% growth. Office spaces average ₹199 per sq ft with a -8.72% change, while villas are priced at ₹135 per sq ft, up 3.05%. Apartments, the most common residential type, average ₹110 per sq ft, showing a -3.51% change.

Property Type Rate (₹/sq.ft) Change %
Showroom 332 -11.94
Shop 280 6.06
Office Space 199 -8.72
Villa 135 3.05
Apartment 110 -3.51
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