Property Rates in Bhuleshwar, Mumbai 2026

The current average asking price in Bhuleshwar is ₹41,150 per sq ft as of June 2026, which is significantly higher than the Government Registration Rate of ₹21,800 per sq ft recorded between August 2025 and July 2026. This gap between the market-driven asking price and the government-notified rate is common in premium South Mumbai localities and is a critical factor for buyers to consider when calculating stamp duty and registration costs, as these are typically based on the higher of the two values.

As of June 2026, property rates in Bhuleshwar vary by project status: Ready To Move properties are priced at ₹36,100 per sq ft (having appreciated by 1.52% compared to the previous period), while Under Construction projects are at ₹36,150 per sq ft (showing an appreciation of 3.24%). New Launch projects are currently priced at ₹31,650 per sq ft, reflecting a 5.16% appreciation, whereas Well Occupied projects are at ₹32,900 per sq ft, which represents a depreciation of 1.92% over the same period.

As of June 2026, Aasma Necklace View leads the market with a listing rate of ₹98,650 per sq ft, having appreciated by 6.96%. Other prominent projects include Rohan Lifescapes Kshitij Heights and Rohan Lifescapes Kshitij, both listed at ₹51,150 per sq ft, with appreciation rates of 14.26% and 8.55% respectively. These projects represent the premium segment of the Bhuleshwar real estate market, with rates reflecting their specific location advantages and amenities.

As of June 2026, the average rental rate for a 2 BHK apartment in Bhuleshwar is ₹78,350 per month. This data point is essential for tenants looking for residential options in the area, as it provides a clear benchmark for monthly housing expenses in this part of South Mumbai.

Rental rates in the vicinity of Bhuleshwar show significant variance as of June 2026. Gamdevi commands the highest rental rate among the listed areas at ₹250 per sq ft, having appreciated by 31.82%. In contrast, areas like Marine Drive, Marine Lines, Grant Road, and Nagpada are priced at ₹200 per sq ft, with Nagpada showing a notable 19.1% appreciation. More affordable rental options are found in Mazgaon at ₹100 per sq ft, which has remained stable with 0% change, while Girgaon and Girgaum Chowpatty are priced at ₹150 per sq ft, with the latter experiencing a depreciation of 10.92%.

The price trend in Bhuleshwar, which shifted from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026, suggests a period of market correction. Investors should monitor this downward movement closely, as it may indicate a softening in demand or an adjustment in seller expectations. While the market saw stability between December 2025 and March 2026, the recent decline highlights the importance of timing and due diligence when evaluating long-term capital appreciation in this specific micromarket.