Property Rates in Azad Nagar, Mumbai 2026

Property prices in Azad Nagar have shown a consistent upward trajectory over the last four quarters. As of June 2026, the location rate reached ₹35,450 per sq ft, rising from ₹32,150 per sq ft in March 2026 and December 2025, and ₹31,050 per sq ft in September 2025. This steady growth indicates sustained buyer interest and a tightening supply of residential apartments in the area.

The average asking price in Azad Nagar is currently ₹35,450 per sq ft, while the Government Registration Rate is recorded at ₹48,200 per sq ft for the period of October 2025 to September 2026. It is important for buyers to note that the Government Registration Rate often reflects a benchmark for stamp duty and registration purposes, which may differ from the prevailing market-driven asking prices seen in current listings.

As of June 2026, ready-to-move properties in Azad Nagar are priced at an average of ₹32,250 per sq ft, having appreciated by 4.14% compared to the prior period. In contrast, under-construction properties command a higher average of ₹35,450 per sq ft, showing a sharper appreciation of 14.19%. This premium on under-construction units often reflects the value of modern amenities and the anticipation of newer infrastructure.

The average rental yield in Azad Nagar is 3.28% as of June 2026. For investors, this yield represents the annual rental income generated relative to the capital investment in a property. While the average rental rate has seen a depreciation of 3.96% to reach ₹97 per sq ft, the yield remains a key metric for those evaluating the long-term income potential of residential apartments in the area.

As of June 2026, rental rates in Azad Nagar vary by configuration: 1 BHK units average ₹42,800 per month, 2 BHK units average ₹57,500 per month, and 3 BHK units average ₹92,500 per month. These figures help tenants and landlords understand the market positioning of various apartment sizes, with larger configurations commanding significantly higher monthly outlays.

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 June 2026. The rental rate at this project has remained stable with a 0% change, reflecting a consistent demand for its specific residential offerings compared to the broader local average of ₹100 per sq ft for apartments.

Property prices in Azad Nagar, at ₹35,450 per sq ft, sit in the higher tier compared to several surrounding areas. For instance, while Bangur Nagar commands a higher rate of ₹37,400 per sq ft, other nearby localities like Malad West (₹30,800 per sq ft), Goregaon West (₹33,400 per sq ft), and Kandivali West (₹26,800 per sq ft) are generally more affordable. These variations allow buyers to choose a location based on their specific budget and proximity preferences within the Mumbai western suburbs.

As of June 2026, Lakshmi Omkar CHS leads with a listing rate of ₹35,600 per sq ft, having appreciated by 10.63%. Prathamesh Alfa CHS follows closely at ₹35,450 per sq ft, showing a strong appreciation of 14.19%. Other notable 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 property rate data for Azad Nagar to benchmark their budget against current market trends as of June 2026. By comparing the average asking price of ₹35,450 per sq ft with project-specific rates and status-wise pricing (ready-to-move vs. under-construction), investors can identify value opportunities. Always consider the appreciation percentages, such as the 10.18% rise in the overall market, to gauge whether the area is experiencing a phase of high demand or market correction.