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Property Rates in Bandra West, Mumbai

Comprehensive Market Snapshot

Bandra West, Mumbai, presents a dynamic property market with an average asking price of ₹62,005 per sq ft and a registration rate of ₹46,806 per sq ft. The market shows a positive trend in asking prices, with projections indicating continued growth towards March 2026. Residential apartments are priced at ₹62,005 per sq ft, while office spaces command ₹60,276 per sq ft, both showing recent increases. The rental market offers an average rental rate of ₹214 per sq ft with a rental yield of 4.14%, indicating a healthy return for investors.

  • The asking price for Bandra West is ₹62,005 per sq ft.
  • Apartments are priced at ₹62,005 per sq ft, with a recent increase of 3.52%.
  • Office spaces average ₹60,276 per sq ft, showing a 7.13% increase.
  • The average rental yield stands at 4.14%.
  • Quarterly price trends indicate a steady upward movement in asking prices.

  • Asking Sale Price₹ 62,005 /sq.ft
  • Govt. Registration Prices₹ 46,806 /sq.ft
  • Average Rental₹ 214 /sq.ft
  • Rental Yield4.14 %
  • Insights
  • Price Trends
  • Project and Developer Insights
  • Government Registrations
  • Rental Trends
  • Other Property Rates

Insights for Bandra West, Mumbai Real Estate Market

Bandra West in Mumbai continues to be a sought-after real estate destination, evidenced by its robust market performance and attractive rental yields. The average asking price currently stands at ₹62,005 per sq ft, with projected increases towards March 2026, signaling sustained market confidence. Quarterly price trends show a positive trajectory, with the rate projected to reach ₹62,005 by March 2026. The rental market is active, with an average rental rate of ₹214 per sq ft and a rental yield of 4.14%, making it an appealing option for investors. Residential apartments are priced at ₹62,005 per sq ft, a 3.52% increase, while office spaces average ₹60,276 per sq ft, up by 7.13%. Government registration data highlights significant activity, with 480 transactions totaling ₹2,753 Cr at an average registered rate of ₹46,800 per sq ft. Leading developers by transaction volume include Meeti Group and The Wadhwa Group, indicating their strong presence and buyer trust in the area.

  • Bandra West's average asking price is ₹62,005 per sq ft, with a positive outlook towards March 2026.
  • Residential apartments saw a 3.52% increase, averaging ₹62,005 per sq ft.
  • The rental market offers a 4.14% rental yield with an average rental rate of ₹214 per sq ft.
  • Government registrations show 480 transactions valued at ₹2,753 Cr.
  • Meeti Group and The Wadhwa Group are among the top developers by transaction volume.

Market Strengths Market Strengths
  • Bandra West exhibits a strong average asking price of ₹62,005 per sq ft, with projections indicating further growth.
  • The market shows a positive quarterly price trend, with rates expected to reach ₹62,005 per sq ft by March 2026.
  • Apartments average ₹62,005 per sq ft, a 3.52% increase, highlighting strong residential demand.
  • Office spaces are performing well, averaging ₹60,276 per sq ft with a 7.13% increase.
  • The rental market provides a healthy 4.14% rental yield.
  • Government registrations show robust activity with 480 transactions totaling ₹2,753 Cr.
  • Pali Hill leads micro-markets with an average rate of ₹82,916 per sq ft.
Market Challenges Market Challenges
  • While Bandra West shows overall positive trends, some localities like Mount Mary have seen rental rate decreases (-1.76%).
  • The 'Well Occupied' property status has an average price of ₹45,068 per sq ft with a significant 7.06% increase, which might indicate less availability of ready-to-move options at lower price points.
Investment Opportunities Investment Opportunities
  • Bandra West offers a rental yield of 4.14%, suggesting a potentially attractive return on investment for property owners.
  • Apartments in Bandra West are priced at ₹62,005 per sq ft with a recent 3.52% increase, indicating potential for capital appreciation.
  • Office spaces in Bandra West show strong growth with a 7.13% increase, averaging ₹60,276 per sq ft, presenting a commercial investment opportunity.
  • The rental market for 3 BHK apartments averages ₹2.62 Lakh per month, indicating robust demand for larger family residences.
  • New Launch projects in Bandra West are priced at ₹49,479 per sq ft with a 6.47% increase, offering opportunities for early-stage investment gains.
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Property Price Trends in Bandra West, Mumbai

Asking Price Trends

The asking prices in Bandra West are showing a positive upward trend, with projections indicating continued growth. From a rate of ₹57,335 per sq ft in September 2025, prices are expected to rise to ₹59,896 by December 2025 and further to ₹62,005 by March 2026. This consistent increase suggests strong buyer demand and a healthy market outlook for the area.

Quarter City Rate
Mar 2026 62005
Dec 2025 59896
Sep 2025 57335
Jun 2025 66345
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Price Trends by Property Type

Bandra West's real estate market features distinct pricing across property types. Apartments are priced at ₹62,005 per sq ft, experiencing a 3.52% increase, aligning with the overall location rate. Office spaces are also in demand, averaging ₹60,276 per sq ft with a significant 7.13% rise, indicating strong commercial interest.

Type Rate (₹/sq.ft) Change %
Office Space 60,276 7.13
Apartment 62,005 3.52
Price Trends by Project Status

The Bandra West market offers properties across various stages of completion. Ready To Move units are available at an average of ₹43,781 per sq ft, with a slight 1.05% increase, catering to immediate buyers. Under Construction properties are priced at ₹46,325 per sq ft, showing a 5.65% growth. New Launch projects are positioned higher at ₹49,479 per sq ft, up by 6.47%, attracting early investors.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 765 44,139 2.72
Under Construction 29 46,325 5.65
New Launch 22 49,479 6.47
Price Trends by Localities

Bandra West's micro-markets exhibit varied price points. Pali Hill commands the highest average rate at ₹82,916 per sq ft, reflecting a 6.31% increase. Khar West follows with an average of ₹61,076 per sq ft, showing a 3.51% growth. Linking Road offers a more accessible entry point at ₹39,405 per sq ft. Bandra East also shows strong performance with an average rate of ₹61,572 per sq ft and a significant 13.53% increase, while Mahim averages ₹50,241 per sq ft with a notable 13.94% rise.

Location Rate (₹/sq.ft) Change %
Pali Hill 82,916 6.3
Khar West 61,076 3.5
Linking Road 39,405 -
Bandra East 61,572 13.5
Mahim 50,241 13.9
Khar East 49,018 -
Vithaldas Nagar 65,625 -
Vsnl Colony 37,760 -
Santacruz West 56,950 3.8
Dharavi 19,117 -

Project and Developer Insights

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Bandra West are commanding significant asking prices. Ruparel Mirage and Kalpataru Nakshatra, both in Mumbai Western Suburbs, lead with asking rates of ₹1.22 Lakh per sq ft, reflecting a substantial 17.16% increase. Kalpataru Nakshatra Mumbai also features prominently at ₹1.11 Lakh per sq ft with a 7.4% rise. These high-value projects underscore the luxury segment's strong performance in the area.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Ruparel Mirage 1,21,594 17.2
Kalpataru Nakshatra 1,21,594 17.2
Kalpataru Nakshatra Mumbai 1,11,468 7.4
Platinum Park Reach 82,174 -
Bright Land Glow 80,000 -
Satguru Rendezvous 76,142 47.7
Bhagtani Amber 73,152 45
Rustomjee La Roche 71,494 30.8
Pali Hill Apartment 71,429 -
The Wadhwa Ritu Apartment 71,290 -
Project Name Current Price (₹/sq.ft) Sale Value Change %
Mj 81 Aureate 49,272 ₹ 50 Cr -
The Wadhwa Amar Jiwan 70,841 ₹ 16.25 Cr -
The Advantage Raheja Windermere 28,384 ₹ 12 Cr -
Raheja Toscano 41,563 ₹ 11.5 Cr -
New Kamal Kunj Chs 43,169 ₹ 10.86 Cr -
Chand Terraces 40,718 ₹ 9.93 Cr -
Sheth Beau Pride 62,415 ₹ 8 Cr -
Platinum Park Reach 82,174 ₹ 6.6 Cr -
Kanti Apartment 67,708 ₹ 6.15 Cr -4.1
Angel House 41,289 ₹ 5.4 Cr -
Project Name Current Price (₹/sq.ft) Transactions Change %
The Wadhwa Amar Jiwan 70,841 3 -
New Kamal Kunj Chs 43,169 3 -
Kanti Apartment 67,708 2 -4.1
Mj 81 Aureate 49,272 2 -
Angel House 41,289 2 -
Platinum Park Reach 82,174 1 -
Sheth Beau Pride 62,415 1 -
Dheeraj Celestial 60,029 1 -0.1
Savita Chhaya 58,824 1 -
Grace Neel Mahal 42,033 1 -
Top Projects by Rental Rates

Premium rental projects in Bandra West include S Raheja Evergreen, averaging ₹292 per sq ft, and Rizvi Complex Phase II at ₹288 per sq ft. Arth Crown Palace and Nibbana Apartments also command high rental rates at ₹283 per sq ft and ₹281 per sq ft, respectively, reflecting their prime positioning.

Project Name Rate (₹/sq.ft) Change %
S Raheja Evergreen 292 -
Rizvi Complex Phase Ii 288 -
Arth Crown Palace 283 -
Nibbana Apartments 281 -
Seema Apartment Bandra 280 -
Captain Villa 277 -
Dhaval Ganga 275 -
Kripa Allure 272 -
Steesha 272 -
Ariane Apartment 269 -
Top Developers by Transaction Count

Premium residential developments in Bandra West are commanding significant asking prices. Ruparel Mirage and Kalpataru Nakshatra, both in Mumbai Western Suburbs, lead with asking rates of ₹1.22 Lakh per sq ft, reflecting a substantial 17.16% increase. Kalpataru Nakshatra Mumbai also features prominently at ₹1.11 Lakh per sq ft with a 7.4% rise. These high-value projects underscore the luxury segment's strong performance in the area.

  • By Transaction
Developer Transactions
Meeti Group 3
The Wadhwa Group 3
The Advantage Raheja 2
Mj Shah Group 2
Grace Group Of Companies 1
Gorwani Builders 1
Hicons Developers Pvt Ltd 1
Blackstone 1

Government Registration in Bandra West, Mumbai

  • Sales Transactions480
  • Gross Sales Value₹ 2,753 Cr
  • Registered Rate₹ 46,800 /sq.ft

Government registration data for Bandra West indicates substantial market activity between May 2025 and April 2026, with 480 transactions recorded. The gross transaction value reached ₹2,753 Cr, with an average registered rate of ₹46,800 per sq ft. Meeti Group and The Wadhwa Group are prominent developers based on transaction volumes, while MJ Shah Group also shows significant activity.

Property Rental Trends in Bandra West, Mumbai

Rental Trends by Unit Type

The rental market in Bandra West caters to diverse needs, with Studio apartments averaging ₹46,429 per month and 1 BHK units at ₹76,596 per month. Demand increases for larger spaces, with 2 BHKs averaging ₹1.58 Lakh per month, 3 BHKs at ₹2.62 Lakh per month, and 4 BHKs reaching ₹3.8 Lakh per month. The premium 5 BHK segment averages a substantial ₹4.88 Lakh per month.

Unit Type Rate (₹)
Studio 46,429
1 Bhk 76,596
2 Bhk 1,58,190
3 Bhk 2,62,000
4 Bhk 3,80,313
5 Bhk 4,87,500
Rental Trends by Nearby Localities

Rental rates vary across Bandra West's locales, with Ranwar showing an average of ₹233 per sq ft and St. Peters Colony at ₹210 per sq ft. Chimbai Village has seen a significant 32.8% increase, reaching ₹166 per sq ft, while Mount Mary's average rental rate is ₹223 per sq ft, reflecting a slight 1.76% decrease.

Locality Rate (₹/sq.ft) Change %
Ranwar 233 -
St. Peters Colony 210 11.7
Vaidya Nagar 212 -
Turner Road 207 -
Ongc Colony 213 -
Chimbai Village 166 32.8
Patkar Blocks 208 -
B Block Bkc 243 -
Govind Dham 173 -1.7
Mount Mary 223 -1.76
Rental Trends by Property Type

In Bandra West, apartment rentals average ₹214 per sq ft, marking a 13.23% increase, indicating strong residential leasing demand. Office spaces, however, have seen a notable decrease of 16.84%, averaging ₹247 per sq ft.

Property Type Rate (₹/sq.ft) Change %
Office Space 247 -16.84
Apartment 214 13.23
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