Property Rates in Bandra West, Mumbai

Property rates in Bandra West have shown some fluctuation over the past year. From a high of ₹66,345 per square foot in June 2025, the average asking price saw a dip to ₹57,335 per square foot by September 2025. However, the market has since recovered, with rates reaching ₹59,896 per square foot in December 2025 and further increasing to ₹62,005 per square foot as of March 2026. This upward movement in the latest quarter suggests a renewed buyer interest or tightening supply.

Property prices vary significantly across the micromarkets within Bandra West. As of March 2026, Pali Hill commands the highest average rate at ₹82,916 per square foot, showing a notable appreciation of 6.31%. Khar West follows with an average rate of ₹61,076 per square foot, appreciating by 3.51%. In contrast, areas like Dharavi show much lower rates at ₹19,117 per square foot. Linking Road and Khar East have seen stable prices with 0% change, while Bandra East and Mahim have experienced substantial appreciation of 13.53% and 13.94% respectively.

As of March 2026, apartments in Bandra West have an average asking price of ₹62,005 per square foot, reflecting a 3.52% increase. Office spaces in the same period are priced at an average of ₹60,276 per square foot, showing a more significant appreciation of 7.13%. This indicates a strong demand and rising values for both residential and commercial properties in the area.

In Bandra West, property prices vary by construction status as of March 2026. 'Ready To Move' properties are priced at an average of ₹43,781 per square foot, with a modest 1.05% appreciation. 'Under Construction' properties are listed at ₹46,325 per square foot, up by 5.65%. 'New Launch' projects are priced higher at ₹49,479 per square foot, appreciating by 6.47%. Properties in 'Advanced Stage' command the highest average price of ₹57,799 per square foot, with a substantial 54.61% appreciation, indicating strong investor confidence in projects nearing completion.

As of March 2026, 'The Wadhwa Amar Jiwan' and 'New Kamal Kunj CHS' in St. Peters Colony have recorded the highest number of transactions, with 3 each. 'The Wadhwa Amar Jiwan' has a current rate of ₹70,841 per square foot, while 'New Kamal Kunj CHS' is priced at ₹43,169 per square foot. Other projects like 'Kanti Apartment' and 'MJ 81 Aureate' have seen 2 transactions each, with 'Kanti Apartment' experiencing a depreciation of 4.10% to ₹67,708 per square foot.

As of March 2026, 'MJ 81 Aureate' in Santosh Nagar leads in total transaction value at ₹50 Cr, with 2 transactions and a rate of ₹49,272 per square foot. 'The Wadhwa Amar Jiwan' in St. Peters Colony follows with a total value of ₹16.25 Cr from 3 transactions, priced at ₹70,841 per square foot. Other high-value projects include 'The Advantage Raheja Windermere' and 'Raheja Toscano', both in St. Peters Colony, with total values of ₹12 Cr and ₹11.5 Cr respectively.

As of March 2026, projects like 'Ruparel Mirage' and 'Kalpataru Nakshatra' in Bandra West are listed with the highest rates at ₹1.22 Lakh per square foot, both showing a significant 17.16% appreciation. 'Kalpataru Nakshatra Mumbai' is also listed at ₹1.11 Lakh per square foot with a 7.4% increase. 'Platinum Park Reach' is listed at ₹82,174 per square foot, and 'Bright land Glow' at ₹80,000 per square foot, indicating premium offerings in the Bandra West market.

As of March 2026, Meeti Group and The Wadhwa Group are leading in transaction activity in Bandra West, each with 3 transactions. The Advantage Raheja and MJ Shah Group follow with 2 transactions each. Grace Group Of Companies, Gorwani Builders, Hicons Developers Pvt Ltd, and Blackstone each have recorded 1 transaction, indicating a diverse developer presence in the market.

The average rental rate in Bandra West is ₹214 per square foot as of March 2026, with apartments showing a significant appreciation of 13.23%. The rental yield stands at 4.14%, suggesting that investors can expect a moderate return on their property investment relative to the capital value. This yield indicates a healthy rental market that can provide a steady income stream alongside potential capital appreciation.

Rental rates in Bandra West show a clear progression with the number of bedrooms. As of March 2026, Studio apartments average ₹46,429 per month, while 1 BHK units command ₹76,596 per month. Larger configurations see substantial increases, with 2 BHK apartments averaging ₹1.58 Lakh per month, 3 BHK at ₹2.62 Lakh per month, 4 BHK at ₹3.8 Lakh per month, and 5 BHK units reaching an average of ₹4.88 Lakh per month. This pattern highlights the premium demand for larger homes in the area.

Rental rates in Bandra West vary by micromarket, with B Block BKC showing the highest average at ₹243 per square foot as of March 2026. Ranwar and Vaidya Nagar are priced at ₹233 and ₹212 per square foot, respectively. St. Peters Colony has an average rental rate of ₹210 per square foot, showing an 11.7% appreciation. Chimbai Village has seen a significant 32.8% increase, reaching ₹166 per square foot, while Mount Mary has experienced a slight depreciation of 1.76% to ₹223 per square foot.

As of March 2026, projects like 'S Raheja Evergreen', 'Rizvi Complex Phase II', and 'Arth Crown Palace' in Bandra West command the highest rental rates per square foot, at ₹292, ₹288, and ₹283 respectively. These are followed closely by 'Nibbana Apartments' at ₹281 and 'Seema Apartment Bandra' at ₹280 per square foot. These premium rental projects indicate a strong demand for well-appointed residences in prime Bandra West locations.

As of March 2026, the average asking price in Bandra West is ₹62,005 per square foot, which is notably higher than the Government Registration Rate of ₹46,806 per square foot. This difference of approximately ₹15,199 per square foot suggests that market prices are being driven by demand and developer pricing strategies that exceed the official valuations used for property registration.

As of March 2026, office spaces in Bandra West have a higher average rental rate of ₹247 per square foot, despite a significant decrease of 16.84%. Apartments, on the other hand, are renting at ₹214 per square foot, with a substantial appreciation of 13.23%. This indicates that while office space rentals have seen a correction, apartment rentals continue to show strong growth in Bandra West.