Mumbai
The real estate market in Azad Nagar has shown consistent upward momentum, with property rates currently averaging ₹35,450 per sq ft. This growth is evidenced by a positive shift in quarterly pricing trends, signaling robust confidence among buyers and stakeholders. Beyond sales, the rental market remains active, providing a stable rental yield of 3.28% for property owners. Recent government registration data confirms 26 transactions totaling ₹45 Cr, reflecting healthy market liquidity and consistent buyer interest. Developers continue to focus on residential excellence, ensuring the locality remains a preferred choice within Mumbai's competitive landscape.
The average asking price in Azad Nagar is ₹35,450 per sq ft as of Sep 2026. This figure reflects a significant market trend, having appreciated by 10.18% compared to the previous period. Such growth indicates sustained demand for residential apartments in this locality, positioning it as a notable area within the Mumbai western suburbs.
As of Sep 2026, the average asking price in Azad Nagar stands at ₹35,450 per sq ft, while the Government Registration Rate is recorded at ₹48,200 per sq ft based on transactions from Nov 2025 to Oct 2026. This variance suggests that the registered value of properties in the area often exceeds current market listing prices, a factor buyers should consider when evaluating the total cost of acquisition and tax implications.
Property prices in Azad Nagar have shown a dynamic trajectory, with the average asking price reaching ₹35,450 per sq ft by Sep 2026. Looking at the quarterly movement, the location rate remained stable at ₹32,150 per sq ft from Dec 2025 to Mar 2026, before rising to ₹35,450 per sq ft by Jun 2026. This upward movement highlights increasing buyer interest and a tightening supply of residential units in the locality.
As of Sep 2026, Ready To Move properties in Azad Nagar are priced at an average of ₹32,250 per sq ft, having appreciated by 4.14% over the observed period. In contrast, Under Construction properties command a higher average of ₹35,450 per sq ft, which has seen a sharper appreciation of 14.19% compared to the previous period. This price premium for under-construction units often reflects the value of newer amenities and modern building standards currently being introduced to the market.
The average rental yield in Azad Nagar is 3.28% as of Sep 2026, providing a benchmark for investors to assess potential annual returns on their capital outlay. While the average rental rate is ₹97 per sq ft, it has depreciated by 3.96% compared to the previous period. Investors should weigh this yield against the current sale price of ₹35,450 per sq ft to determine if the locality aligns with their long-term income-generation goals.
Rental rates in Azad Nagar vary significantly by unit size as of Sep 2026, with 1 BHK apartments averaging ₹42,800 per month, 2 BHK units at ₹57,500 per month, and 3 BHK apartments at ₹92,500 per month. These figures help prospective tenants understand the monthly budget required for different living spaces, while also offering landlords insight into the prevailing market rates for their specific property configurations.
Shree Darshan is currently a top-performing project for rentals in Azad Nagar, with a current rental rate of ₹111 per sq ft as of Sep 2026. The rental rate in this project has remained stable with a 0% change, reflecting consistent demand for its specific residential offerings compared to the broader locality average of ₹100 per sq ft for apartments.
Property prices in Azad Nagar, currently at ₹35,450 per sq ft, sit in the mid-to-high range when compared to surrounding areas. For instance, Bangur Nagar commands a higher average of ₹37,400 per sq ft (which has appreciated by 1.3%), while areas like Kandivali West and Charkop Sector 2 are more affordably priced at ₹26,800 per sq ft (up 6.67%) and ₹25,950 per sq ft (down 0.76%) respectively, as of Sep 2026.
As of Sep 2026, Lakshmi Omkar CHS leads with a listing rate of ₹35,600 per sq ft, having appreciated by 10.63% compared to the previous period. Prathamesh Alfa CHS follows closely at ₹35,450 per sq ft, showing a notable appreciation of 14.19%. Other prominent projects include Noor House Azad Nagar at ₹31,400 per sq ft (up 2.96%), Shree Darshan at ₹31,250 per sq ft (up 1.79%), and Lotus Belleza at ₹30,750 per sq ft (up 0.86%).
Buyers should use the Azad Nagar property rate data to track price trajectories and compare project-level valuations against the locality average of ₹35,450 per sq ft as of Sep 2026. By observing the 10.18% appreciation in the overall market and the specific growth in under-construction projects, buyers can identify whether they are entering the market during a period of rapid growth or relative stability. Always cross-reference these listing prices with the Government Registration Rate of ₹48,200 per sq ft to ensure a comprehensive understanding of market value.
