Property Rates in Borivali West, Mumbai

Property prices in Borivali West have shown some fluctuation over the past few quarters. From Dec 2025 to Mar 2026, the average asking price for the locality appreciated by 3.29%, reaching ₹31,281 per sq ft. Prior to this, from Sep 2025 to Dec 2025, prices saw a slight dip of -0.17% to ₹30,284 per sq ft, after a more significant depreciation of -0.74% from Jun 2025 to Sep 2025, where the rate was ₹32,214 per sq ft. This mixed trend suggests a dynamic market influenced by various factors.

As of Mar 2026, the average asking price in Borivali West stands at ₹31,281 per sq ft, while the Government Registration Rate is ₹19,450 per sq ft. This significant difference of over ₹11,800 per sq ft between the asking price and the registered value indicates a substantial premium being sought by sellers over the official valuation, which is common in active real estate markets.

Property rates in Borivali West show considerable variation across its neighborhoods as of Mar 2026. Eksar and Shimpoli command higher average rates at ₹34,972 per sq ft and ₹33,590 per sq ft respectively, with Eksar showing a notable appreciation of 21.72%. In contrast, areas like Vazira and Charkop Sector 4 are more affordable, with average rates of ₹26,644 per sq ft and ₹26,147 per sq ft, respectively. Kanti Park has seen a depreciation of -8.03%, with an average rate of ₹30,000 per sq ft.

In Borivali West, as of Mar 2026, apartments are priced at an average of ₹31,281 per sq ft, showing a 3.29% appreciation. Shops are the most expensive at ₹62,142 per sq ft, with a 7.43% increase. Office spaces are priced at ₹44,510 per sq ft, up by 1.62%. Villas, however, have seen a significant depreciation of -33.71%, with an average price of ₹11,407 per sq ft.

In Borivali West, as of Mar 2026, 'Ready To Move' properties have an average price of ₹25,678 per sq ft, showing a slight appreciation of 0.18%. 'Under Construction' properties are priced higher at ₹27,358 per sq ft, with a 0.11% increase. 'New Launch' properties are priced at ₹25,687 per sq ft, up by 5.7%, while 'Early Stage' properties are at ₹27,801 per sq ft, despite a depreciation of -6.25%. 'Well Occupied' properties are priced at ₹25,414 per sq ft, with a 2.12% increase.

As of Mar 2026, Avirahi Homes in IC Colony recorded the highest number of transactions with 6 units, and its current rate is ₹26,289 per sq ft, appreciating by 4.78%. Pranay Nagar CHS and Vaibhav CHS, both in Babhai Naka and IC Colony respectively, followed with 5 transactions each. Pranay Nagar CHS is priced at ₹25,171 per sq ft with a depreciation of -2.71%, while Vaibhav CHS is at ₹23,430 per sq ft, showing a significant appreciation of 11.59%.

As of Mar 2026, projects like H Rishabraj Park Vistas and Dedhia Laxmi Chhaya in Borivali West command the highest listing rates, both around ₹40,410 per sq ft and ₹40,345 per sq ft respectively. Jalaram Vihar also features a high listing rate of ₹40,106 per sq ft, having seen a substantial appreciation of 71.31%. These projects represent the premium segment of the market in Borivali West.

As of Mar 2026, The Wadhwa Aquaria Grande in LIC Colony leads in transaction value with a current rate of ₹37,519 per sq ft, despite a slight depreciation of -0.19%. Green Ridge Tower in Chikoowadi follows with a rate of ₹25,021 per sq ft and no change in value. Avirahi Homes in IC Colony is third with a rate of ₹26,289 per sq ft and an appreciation of 4.78%.

As of Mar 2026, Avirahi Group of Companies leads in transaction activity in Borivali West with 7 transactions. Aditya Developers and Pranay Developers follow closely with 6 and 5 transactions respectively. Paradigm Realty also shows significant activity with 4 transactions, indicating a strong presence and buyer interest in projects by these developers within the locality.

As of Mar 2026, the average rental rate in Borivali West is ₹69 per sq ft, with apartments seeing a depreciation of -5.48%. The rental yield for the locality stands at 2.65%. This yield suggests the potential return on investment for property owners through rental income relative to the property's capital value.

In Borivali West, rental rates as of Mar 2026 vary significantly by BHK configuration. Studio apartments average ₹22,100 per month, while 1 BHK units are priced at ₹32,657 per month. The demand increases for larger units, with 2 BHK apartments averaging ₹45,523 per month and 3 BHK apartments commanding the highest rents at ₹74,420 per month.

Rental rates in Borivali West show notable differences across neighborhoods as of Mar 2026. Govind Nagar and Mhatre Wadi offer higher average rental rates at ₹100 per sq ft and ₹97 per sq ft, respectively. Areas like Babhai Naka and Shimpoli also command premium rents, with rates at ₹82 per sq ft and ₹78 per sq ft, showing appreciations of 9.33% and 8.33% respectively. In contrast, Vazira has seen a significant depreciation of -15.94%, with an average rental rate of ₹58 per sq ft.

As of Mar 2026, several projects in Borivali West are listed with high rental rates per sq ft, including Prerana CHS and Bhutra Anjani Shikhar, both at ₹98 per sq ft. Mangal Kunj Borivali and Matru Chhaya Borivalli follow closely at ₹97 per sq ft and ₹96 per sq ft respectively. These projects represent some of the most sought-after rental properties in the area, with consistent rental values.

In Borivali West, as of Mar 2026, commercial properties command higher rental rates than residential apartments. Shops are rented at an average of ₹286 per sq ft, despite a slight depreciation of -2.39%. Office spaces are available for rent at ₹227 per sq ft, showing a positive change of 6.57%. Residential apartments, on the other hand, are rented at an average of ₹69 per sq ft, with a depreciation of -5.48%.