Property Rates in Chakala, Mumbai

Property prices in Chakala, Mumbai, have shown some fluctuation over the past year. After a period of zero recorded rates in Sep 2025 and Jun 2025, the average location rate was ₹33,200 per sq ft in Dec 2025. By March 2026, it increased to ₹34,250 per sq ft, showing a positive movement in the most recent quarter. The micromarket rate also saw an increase from ₹34,600 per sq ft in Dec 2025 to ₹34,900 per sq ft in Mar 2026, suggesting a gradual recovery and growth.

Chakala, with an average asking price of ₹34,250 per sq ft as of March 2026, is positioned differently compared to its neighbours. Andheri East, a broader locality, shows an average rate of ₹31,650 per sq ft with a 2.46% appreciation. In contrast, Vile Parle West commands a significantly higher average rate of ₹49,900 per sq ft, appreciating by 3.48%, and Vile Parle East is at ₹44,150 per sq ft, up by 3.47%. This indicates Chakala offers a more accessible entry point compared to the premium markets of Vile Parle.

In Chakala, Mumbai, Ready To Move properties had an average price of ₹24,500 per sq ft as of March 2026, showing a slight appreciation of 1.58%. Under Construction properties, however, are priced higher at an average of ₹34,600 per sq ft, though they have seen a depreciation of 1.99% over the same period. This price gap suggests that buyers might find Ready To Move options more budget-friendly, while Under Construction projects reflect a premium, potentially for newer developments or amenities.

As of March 2026, Chakala, Mumbai, offers apartments at an average price of ₹34,250 per sq ft, which has appreciated by 3.08%. Office spaces in the same locality are priced lower, with an average of ₹32,350 per sq ft, showing no change in price. This suggests apartments are currently the more valued property type in Chakala based on asking rates.

As of March 2026, Vira Sky Vista in Chakala has the highest listing rate at ₹35,000 per sq ft, showing a slight appreciation of 0.24%. Jyoti Skyline is also prominent with a rate of ₹34,250 per sq ft, though it has depreciated by 4.16%. Other projects like Saroj CHS at ₹28,200 per sq ft and Shree Satguru Garden at ₹24,200 per sq ft represent a more moderate pricing spectrum within the locality.

As of March 2026, the average rental rate in Chakala, Mumbai, is ₹107 per sq ft. This reflects a substantial increase of 30.49% over the previous period. The area offers a rental yield of 3.75%, which is a key metric for investors to assess the income-generating potential of a property relative to its capital value.

In Chakala, Mumbai, rental rates differ significantly by BHK configuration. As of March 2026, Studio apartments typically rent for ₹35,000 per month. A 1 BHK unit commands an average of ₹37,500 per month, while 2 BHK apartments see a considerable jump to ₹70,000 per month. This progression highlights the increasing demand and value associated with larger living spaces in the rental market.

Rental rates in Chakala's micromarkets show variation as of March 2026. While areas like Koldongri, Tarun Bharat, Bamanwada, Sai Baba Wadi, Jijamata Colony, Kondivita, and Andheri East have an average rental rate of ₹100 per sq ft, some micromarkets command higher rents. Bharucha Baug, Irla, and MIDC stand out with an average rental rate of ₹150 per sq ft, indicating a premium for these specific micro-neighbourhoods.

As of March 2026, apartments in Chakala, Mumbai, have an average rental rate of ₹100 per sq ft, showing a significant 30.49% increase. Office spaces, on the other hand, are rented at a higher average rate of ₹250 per sq ft, but this segment has experienced a depreciation of 6.91%. This suggests strong demand growth for residential rentals compared to a softening in the commercial office rental market.

A rental yield of 3.75% in Chakala, Mumbai, as of March 2026, indicates the annual return an investor can expect from rental income relative to the property's capital value. This figure, when compared to the average asking price of ₹34,250 per sq ft, suggests that while property values have appreciated, the rental income potential offers a moderate return on investment. Investors should consider this yield alongside potential capital appreciation when evaluating investment opportunities.

As of March 2026, Saroj CHS in Chakala stands out with a current rental rate of ₹100 per sq ft, maintaining stability with no change percentage. While it's the only project listed in the top rental projects, this rate provides a benchmark for rental values within the locality. Further analysis of other projects would offer a more comprehensive view of the rental market dynamics.