Property Rates in Chembur, Mumbai 2026

Property prices in Chembur have shown a mixed trajectory from June 2025 to March 2026. While the location rate was ₹29,600 per sq ft in June 2025, it rose to ₹33,150 per sq ft by March 2026, indicating a period of growth followed by the recent quarterly adjustment. This movement highlights the dynamic nature of the Chembur real estate market, which remains a significant hub for residential activity.

The average asking price in Chembur is currently ₹33,150 per sq ft, whereas the Government Registration Rate is ₹20,900 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common characteristic in established urban markets and should be considered by buyers when calculating total acquisition costs, including stamp duty and registration fees.

As of March 2026, Ready To Move properties in Chembur are priced at an average of ₹28,050 per sq ft, having appreciated by 1.77% over the relevant period. In contrast, Under Construction projects are priced at ₹28,400 per sq ft, which reflects a depreciation of 0.85% compared to the prior period. This pricing structure offers buyers a choice between immediate occupancy and the potential for future value appreciation in newer developments.

Kukreja Construction Company leads the market in Chembur with 12 recorded transactions, followed by Veena Developers with 8 transactions. Other prominent developers contributing to the high transaction volume include Godrej and Raheja Universal, each with 7 transactions, reflecting a healthy level of buyer interest and developer activity in the area.

The average rental yield in Chembur is 3.69% as of March 2026. For investors, this yield serves as a key indicator of the annual income potential relative to the capital investment in a property. While the average rental rate for apartments is ₹100 per sq ft, which has seen a depreciation of 2.86% compared to the previous period, the yield remains a vital metric for those evaluating the long-term income-generating capacity of residential assets in the locality.

Rental rates in Chembur scale significantly with size, reflecting diverse tenant needs. As of March 2026, a Studio apartment averages ₹31,400 per month, while a 1 BHK commands ₹49,600 per month. Larger configurations see higher demand, with 2 BHK units at ₹73,150 per month, 3 BHK units at ₹1.12 Lakh per month, 4 BHK units at ₹1.46 Lakh per month, and 5 BHK units reaching ₹4.75 Lakh per month. This range allows both tenants and landlords to align their expectations with specific housing requirements.

As of March 2026, premium rental projects in Chembur include Karwa Eastern Court at ₹144 per sq ft, Bholenath Residency at ₹142 per sq ft, and Savitha Apartment at ₹140 per sq ft. These projects consistently attract higher rents due to their specific location advantages and building quality, making them notable benchmarks for rental income in the area.

Property rates vary across the vicinity of Chembur, with areas like Deonar and Govandi East commanding higher averages at ₹39,200 per sq ft, both showing an appreciation of 4.89% over the measured period. Conversely, more affordable options are available in areas like Govandi at ₹22,900 per sq ft (which appreciated by 3%) and Subhash Nagar at ₹23,800 per sq ft (which depreciated by 4.81%). This variance allows buyers to choose a neighbourhood that aligns with their budget and investment goals.

Buyers should use the property rate data for Chembur as a baseline for negotiation and financial planning. By observing the average asking price of ₹33,150 per sq ft and comparing it against the Government Registration Rate of ₹20,900 per sq ft, buyers can better understand the premium they are paying over base values. Additionally, tracking the appreciation or depreciation percentages for specific property statuses, such as the 1.77% appreciation for Ready To Move units, helps in gauging the market's current momentum before making a final commitment.