Property Rates in Charni Road, Mumbai

Property rates in Charni Road have shown fluctuations over the past year. From June 2025 to March 2026, the micromarket rate saw a slight decrease from ₹46,450 per sq ft to ₹46,350 per sq ft, a depreciation of 0.21%. However, looking at the broader trend, the rate was ₹65,900 per sq ft in June 2025, and it reached ₹81,650 per sq ft in September 2025, indicating a significant appreciation before the subsequent minor dip. The overall asking price for the locality remained unchanged at ₹81,650 per sq ft between September 2025 and March 2026.

Charni Road's average asking price of ₹81,650 per sq ft as of March 2026 is positioned differently compared to its neighbouring micromarkets. For instance, Girgaon shows a significantly higher average rate of ₹1.16 Lakh per sq ft, having appreciated by 49.22%. Gamdevi is priced at ₹84,050 per sq ft with a slight appreciation of 0.2%, while Grant Road is at ₹55,700 per sq ft, showing a notable appreciation of 16.55%. Marine Lines is priced at ₹99,900 per sq ft, experiencing a minor depreciation of -0.57%.

As of March 2026, the average price for apartments in Charni Road stands at ₹81,650 per square foot. This segment has experienced a significant appreciation of 23.87% over the period. This upward trend in apartment prices suggests robust demand or limited supply within this property type in Charni Road.

In Charni Road, Ready To Move properties have an average price of ₹35,500 per square foot as of March 2026, reflecting a 6.75% appreciation. Well Occupied properties are priced higher at ₹38,900 per square foot, with a substantial appreciation of 19.37% over the same period. The higher price for Well Occupied units may indicate established desirability or premium features.

As of March 2026, several projects in Charni Road are listed with a current rate of ₹38,900 per square foot. These include Neo Heights, Natu Mankar House, Darshan Heights, Sanghvi Parsssva Excellensea, and Matru Ashis Apartment. Notably, Neo Heights, Natu Mankar House, Darshan Heights, and Sanghvi Parsssva Excellensea have seen appreciations of 19.37%, 15.17%, 14.21%, and 15.17% respectively, while Matru Ashis Apartment appreciated by 16.92%. In contrast, Neo Pearl and Neo Galaxy are listed at lower rates of ₹28,650 per sq ft and ₹28,550 per sq ft, with depreciations of -11.87% and -12.19% respectively.

Rental rates in micromarkets surrounding Charni Road show variation. Walkeshwar commands the highest average rental rate at ₹250 per square foot, having appreciated by 18.95%. Marine Drive and Gamdevi are both at ₹200 per square foot, with Gamdevi showing no change and Marine Drive's change not specified. Grant Road also averages ₹200 per square foot with no change. Girgaon offers rentals at ₹150 per square foot, showing a 12.14% appreciation, while Babulnath and Kamathipura are at ₹150 per square foot with no specified change.

The price trend data for Charni Road shows a mixed picture. While the micromarket rate was relatively stable between December 2025 and March 2026 (₹46,350 per sq ft), it experienced a significant jump from ₹65,900 per sq ft in June 2025 to ₹81,650 per sq ft in September 2025. This suggests potential volatility or specific market events influencing prices. Investors might note the recent stability after a period of appreciation, while buyers should consider the historical price movements when making decisions.