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Property Rates in Bhandup West, Mumbai

Comprehensive Market Snapshot

The Bhandup West real estate market in Mumbai is currently active, with an average asking price of ₹22,000 per sq ft. While quarterly trends show a recent softening in property rates, the market recorded significant activity with 1,771 transactions totaling ₹1,859 Cr between April 2025 and March 2026. This dynamic locality offers a diverse mix of property types, including apartments and office spaces, with a substantial inventory of 'Ready To Move' units, indicating a mature and accessible market for various buyers.

  • Asking Sale Price₹ 22,000 /sq.ft
  • Govt. Registration Prices₹ 18,302 /sq.ft
  • Insights
  • Price Trends
  • Project and Developer Insights
  • Government Registrations

Insights for Bhandup West, Mumbai Real Estate Market

Bhandup West, a prominent location in Mumbai, presents a nuanced real estate landscape. The current average asking price stands at ₹22,000 per sq ft, with the registered rate slightly lower at ₹18,302 per sq ft, suggesting room for negotiation. Quarterly price trends for the location indicate a downward adjustment, moving from ₹23,763 per sq ft in March 2025 to ₹21,823 per sq ft by December 2025. Nearby localities like Bhandup East and Nahur command higher rates, averaging around ₹29,004 and ₹28,600 per sq ft respectively, while Tembhipada and Nahur West offer more competitive pricing closer to Bhandup West's registered rate. In terms of property types, office spaces lead with an average of ₹29,906 per sq ft, showing a 2.82% increase, whereas apartments are priced at ₹22,000 per sq ft with a modest 0.81% rise. The villa segment, however, experienced a notable decline. The market is well-supplied with 226 'Ready To Move' units averaging ₹20,510 per sq ft, alongside 47 'Under Construction' projects. Transaction data highlights strong buyer interest in projects like Anant Siddhi and Runwal Greens, while Mahindra Lifespaces Splendour generated the highest transaction value. Developers such as Runwal and Srishti Groups are actively shaping the market, reflecting continued investment and development in the area.

Market Strengths Market Strengths
  • Bhandup West boasts a high volume of property registrations, with 1,771 transactions recorded, reflecting strong buyer interest and market activity.
  • The market generated a substantial gross transaction value of ₹1,859 Cr, indicating significant capital flow and investment in the locality.
  • A diverse range of property types, including apartments, office spaces, and villas, caters to varied buyer needs and investment profiles.
  • The presence of major developers like Runwal and Mahindra Lifespaces, with numerous transactions, underscores the area's attractiveness for reputable builders.
  • A healthy supply of 'Ready To Move' units (226) provides immediate occupancy options, appealing to end-users.
  • Specific projects, such as Ashford Regal and Mayuresh Srishti, show robust positive price changes, highlighting pockets of strong performance within the market.
  • The proximity to higher-priced localities like Bhandup East and Nahur suggests potential for future appreciation as demand spills over.
Market Challenges Market Challenges
  • The overall quarterly price trend for Bhandup West has been declining from March 2025 to December 2025, indicating a softening market or price corrections.
  • The villa segment has experienced a significant -53.59% drop in average price, signaling potential oversupply, reduced demand, or specific inventory issues in this category.
  • Several top projects by transactions, including Anant Siddhi (-3.32%), Runwal Greens (-3.95%), and Mahindra Lifespaces Splendour (-6.18%), show negative change percentages, indicating price depreciation in some established developments.
  • While 'Ready To Move' units offer immediate occupancy, their average price has seen a slight decline of -1.41%, which might affect short-term resale values.
  • The disparity between asking price (₹22,000 per sq ft) and registered rate (₹18,302 per sq ft) suggests a gap in seller expectations versus actual market realization.
Investment Opportunities Investment Opportunities
  • The 'Under Construction' and 'New Launch' segments show positive price growth (1.77% and 3.92% respectively), suggesting potential for capital appreciation for early investors.
  • Office spaces are a strong performing asset class with a 2.82% price increase and the highest average rate, indicating commercial investment potential.
  • Specific projects like Ashford Regal (22.55% increase in listing rates) and Mayuresh Srishti (13.39% increase in transaction rates) present opportunities for growth-oriented buyers.
  • The high volume of transactions (1,771) and gross value (₹1,859 Cr) demonstrate a liquid market with active buyer participation.
  • Properties in more competitively priced sub-localities like Tembhipada and Nahur West, which are close to Bhandup West, could offer value entry points.
  • Investing with top developers like Runwal, who have a high number of transactions, could offer reliability and future demand.
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Property Price Trends in Bhandup West, Mumbai

Asking Price Trends

Property rates in Bhandup West have experienced a downward adjustment over the past year. From an average of ₹23,763 per sq ft in March 2025, prices gradually eased to ₹23,037 per sq ft by June 2025. This trend continued into the latter half of the year, with rates settling at ₹21,952 per sq ft in September 2025, and further to ₹21,823 per sq ft by December 2025, indicating a period of market correction.

Quarter City Rate
Dec 2025 21823
Sep 2025 21952
Jun 2025 23037
Mar 2025 23763
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Price Trends by Property Type

Bhandup West's real estate market caters to diverse preferences across property categories. Office spaces lead the commercial segment, commanding an average of ₹29,906 per sq ft and experiencing a healthy 2.82% increase. Residential options are primarily driven by apartments, priced at ₹22,000 per sq ft, which saw a modest 0.81% appreciation. While villas are also available, their average price of ₹9,535 per sq ft reflects a significant -53.59% change, suggesting specific market dynamics or limited high-value inventory in this segment.

Type Rate (₹/sq.ft) Change %
Office Space 29,906 2.82
Villa 9,535 -53.59
Apartment 22,000 0.81
Price Trends by Project Status

The Bhandup West market offers properties across various development stages, catering to different buyer timelines. 'Ready To Move' inventory is substantial, with 226 units averaging ₹20,510 per sq ft, though experiencing a slight -1.41% change, appealing to immediate occupancy seekers. 'Under Construction' projects present 47 opportunities at ₹20,978 per sq ft, showing a positive 1.77% trend, indicating ongoing development. Additionally, 8 'New Launch' projects are available at ₹20,167 per sq ft, with a 3.92% increase, attracting early investors. This diverse supply mix allows buyers to balance possession timing with pricing preferences.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 300 20,489 -1.21
Under Construction 47 20,978 1.77
New Launch 8 20,167 3.92
Price Trends by Localities

Bhandup West's property market, with an average asking price of ₹22,000 per sq ft, positions it as a moderately priced option within Mumbai's eastern suburbs. Neighboring Bhandup East commands a significantly higher average of ₹29,004 per sq ft, while Nahur averages ₹28,600 per sq ft, showcasing premium pricing in these adjacent areas. Conversely, Tembhipada and Nahur West offer more affordable options, hovering around ₹21,827 per sq ft and ₹21,794 per sq ft respectively, closely aligning with Bhandup West's current rates. This comparison reveals varied investment opportunities across these interconnected localities.

Location Rate (₹/sq.ft) Change %
Bhandup 23,205 2.1
Utkarsh Nagar 22,362 -
Tembhipada 21,827 -
Bhandup East 29,004 13.4
Datar Colony 26,951 -
Kanjurmarg East 28,531 4.1
Nahur 28,600 13.7
Nahur West 21,794 -
Kanjurmarg West 27,077 -0.4
Kannamwar Nagar 21,762 8.3

Project and Developer Insights

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Bhandup West are commanding significant asking prices, reflecting their quality and prime locations. Kings Tower leads the segment, listed at ₹32,181 per sq ft, despite a -4.61% change, setting a high-value benchmark. Ashford Regal follows with an average of ₹29,925 per sq ft, notably experiencing a strong 22.55% increase. Runwal Chestnut also features prominently, priced at ₹29,539 per sq ft with a 6.91% rise. These top-tier projects, including Lodha Corinthia and Raheja Nest, represent the aspirational segment of the market, showcasing robust demand for well-located and reputable properties.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Kings Tower 32,181 -4.6
Ashford Regal 29,925 22.6
Runwal Chestnut 29,539 6.9
Lodha Corinthia 28,606 8.5
Raheja Nest 28,571 4
Samruddhi Garden 28,571 15.6
Sunshine Samriddhi Garden 28,571 15.6
Mahavir Universe Maven Chs Ltd 28,369 -
Kalpataru Imperial 27,845 1.2
Hdil Dheeraj Dreams 27,586 -3
Project Name Current Price (₹/sq.ft) Sale Value Change %
Mahindra Lifespaces Splendour 26,499 ₹ 14.32 Cr -6.2
Runwal Greens 29,111 ₹ 10.17 Cr -3.9
Anant Siddhi 28,776 ₹ 8.48 Cr -3.3
Mayuresh Srishti 23,351 ₹ 4.84 Cr 13.4
Neptune Living Point 23,618 ₹ 4.72 Cr 4.5
Neptune Flying Kite 23,225 ₹ 3.58 Cr -1.4
Ashford Royale 27,392 ₹ 3.55 Cr 2.5
Shivshankar Shivram Palladium 22,560 ₹ 3.41 Cr 0.2
Chheda Heights 27,118 ₹ 3.30 Cr 11.7
Sunshine Samriddhi Garden 28,571 ₹ 3.2 Cr 1.7
Project Name Current Price (₹/sq.ft) Transactions Change %
Anant Siddhi 28,776 6 -3.3
Runwal Greens 29,111 5 -3.9
Mahindra Lifespaces Splendour 26,499 5 -6.2
Mayuresh Srishti 23,351 5 13.4
Shivshankar Shivram Palladium 22,560 4 0.2
Sachdev Complex 20,310 3 -5.8
Heritage Arunoday Tower 18,709 3 -11.9
Shiv Sagar Complex 18,209 3 3.2
Sunshine Samriddhi Garden 28,571 2 1.7
Ashford Royale 27,392 2 2.5
Top Developers by Transaction Count

Premium residential developments in Bhandup West are commanding significant asking prices, reflecting their quality and prime locations. Kings Tower leads the segment, listed at ₹32,181 per sq ft, despite a -4.61% change, setting a high-value benchmark. Ashford Regal follows with an average of ₹29,925 per sq ft, notably experiencing a strong 22.55% increase. Runwal Chestnut also features prominently, priced at ₹29,539 per sq ft with a 6.91% rise. These top-tier projects, including Lodha Corinthia and Raheja Nest, represent the aspirational segment of the market, showcasing robust demand for well-located and reputable properties.

  • By Transaction
Developer Transactions
Runwal 30
Srishti Groups 13
Mahindra Lifespaces 10
Shivshankar Shivram Singh And Others 6
Shri Anantnathji Maharaj Jain Temple And Its Sadharan Funds 6
Shraddha Landmark 6
Neptune 5
India Space Infracon Pvt Ltd 4
Marathon 3

Government Registration in Bhandup West, Mumbai

  • Sales Transactions1,771
  • Gross Sales Value₹ 1,859 Cr
  • Registered Rate₹ 18,300 /sq.ft

Official registration data reveals robust transaction activity in Bhandup West between April 2025 and March 2026. The market recorded 1,771 transactions with a substantial gross value of ₹1,859 Cr, with properties registering at an average rate of ₹18,300 per sq ft. Developer activity was notably led by Runwal, who contributed significantly to the transaction volume. Project-wise, Anant Siddhi and Runwal Greens attracted maximum buyer interest by transaction count, while Mahindra Lifespaces Splendour generated the highest gross transaction values, indicating strong market momentum and investor confidence.

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