Property Rates in Bhuleshwar, Mumbai 2026

The current average asking price in Bhuleshwar of ₹40,300 per sq ft (as of June 2026) is significantly higher than the Government Registration Rate of ₹23,250 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in established South Mumbai localities, where premium project amenities and location advantages often push market valuations above baseline registration benchmarks.

As of June 2026, property rates in Bhuleshwar vary by project status, with Ready To Move properties averaging ₹32,550 per sq ft, which depreciated by 9.83% compared to the previous period. Under Construction projects are priced at ₹35,250 per sq ft, showing a depreciation of 2.46%, while New Launch projects are at ₹29,950 per sq ft, reflecting a 5.43% depreciation. Well Occupied projects currently command ₹26,800 per sq ft, having experienced a depreciation of 18.54% over the same timeframe.

As of June 2026, Aasma Necklace View leads the market with a listing rate of ₹96,450 per sq ft, which has depreciated by 2.26% compared to the previous period. Other premium projects include Shreepati Aradhana at ₹50,800 per sq ft (up 16.44%) and Rohan Lifescapes Kshitij at ₹50,600 per sq ft (down 1.1%). These rates reflect the diverse positioning of residential assets within the locality, ranging from luxury high-rises to established developments.

As of June 2026, the average monthly rent for a 2 BHK apartment in Bhuleshwar is ₹78,350 per month. This provides a benchmark for tenants looking for mid-sized residential units in this part of South Mumbai, where rental demand is often driven by proximity to major business and commercial hubs.

Rental rates in the vicinity of Bhuleshwar show significant variance, with Gamdevi commanding the highest rate at ₹250 per sq ft (an appreciation of 37.5% compared to the previous period). Other areas include Marine Drive and Grant Road at ₹200 per sq ft, which appreciated by 0.45% and 2.2% respectively. Meanwhile, Nagpada also sits at ₹200 per sq ft, showing a notable 19.1% appreciation, while Mazgaon remains stable at ₹100 per sq ft with no change in rates.

Investors should note that the micromarket rate in Bhuleshwar has adjusted from ₹46,350 per sq ft in March 2026 to ₹40,300 per sq ft in June 2026. This downward trajectory suggests a period of market correction or stabilization. When evaluating investment potential, it is essential to compare these sale rates against the rental income potential in the area, such as the ₹78,350 per month average for a 2 BHK, to determine the long-term viability of capital appreciation versus rental yield.