Mumbai
The Chembur real estate market presents a balanced landscape of premium residential development and consistent rental demand. Property values have shown resilience, with current rates reflecting a stable growth pattern that appeals to both end-users and investors. The rental market is particularly active, buoyed by a healthy yield of 3.69% and a wide range of unit configurations from studios to expansive 5 BHK homes. Government registration data highlights a high volume of transactions, signaling strong buyer confidence in the region's infrastructure and connectivity. Developers are actively catering to this demand, with a mix of ready-to-move projects and new launches shaping the local skyline.
As of June 2026, the average asking price in Chembur stands at ₹33,150 per sq ft. This figure reflects a depreciation of 1.57% compared to the previous period, suggesting a slight market correction in the locality. For context, the Government Registration Rate in the area is currently ₹20,900 per sq ft, which serves as a useful benchmark for buyers to understand the difference between market-driven asking prices and official registration values.
Property prices in Chembur have shown a fluctuating trajectory over the past year. As of June 2026, the location rate is ₹33,800 per sq ft, up from ₹33,150 per sq ft in March 2026. This recent upward movement follows a period of variation where rates were recorded at ₹33,700 per sq ft in December 2025 and ₹32,300 per sq ft in September 2025, indicating that demand remains resilient despite short-term quarterly shifts.
As of June 2026, property rates in Chembur differ based on the asset class. Apartments are currently priced at an average of ₹33,800 per sq ft, which has appreciated by 2.01% compared to the prior period. Meanwhile, villas are priced at ₹33,550 per sq ft, showing an appreciation of 1.2% over the same timeframe. Office spaces are currently at ₹34,250 per sq ft, having experienced a depreciation of 4.69%.
As of June 2026, the average rental rate in Chembur is ₹102 per sq ft, which has seen a depreciation of 2.86% compared to the previous period. The locality currently offers a rental yield of 3.69%. For investors, this yield represents the annual rental income relative to the property's capital value, providing a key metric for assessing the income-generating potential of residential assets in the area.
Rental rates in Chembur vary significantly by unit size as of June 2026. Studio apartments average ₹29,350 per month, while 1 BHK units rent for approximately ₹50,100 per month. Larger configurations command higher premiums, with 2 BHK units averaging ₹74,000, 3 BHK units at ₹1.11 Lakh, 4 BHK units at ₹1.5 Lakh, and 5 BHK units reaching ₹1.65 Lakh per month. These figures help tenants and landlords align their expectations with the current market supply.
As of June 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. Other notable projects like Kalpataru Divya Swapna and Shree Krishna Om Niwas also command ₹140 per sq ft. These projects are positioned at the higher end of the rental market, often due to their specific amenities, building quality, or proximity to key transit hubs within the locality.
Kukreja Construction Company leads the market in transaction activity with 12 recorded deals, followed by Veena Developers with 8 transactions. Other prominent developers include Godrej and Raheja Universal, both with 7 transactions each. This high level of activity from established developers signals consistent buyer interest and a robust supply of projects that meet market standards in Chembur.
Property rates in the vicinity of Chembur show significant variation as of June 2026. For instance, Deonar and Govandi East both command higher rates at ₹39,200 per sq ft, having appreciated by 4.89% each. Conversely, areas like Govandi are priced at ₹22,900 per sq ft, which has appreciated by 3%. These differences highlight the premium status of specific pockets like Deonar compared to the more affordable segments in the immediate surroundings.
Buyers and investors should view the price trends in Chembur as a signal of market maturity. With the average asking price at ₹33,150 per sq ft as of June 2026, the recent 1.57% depreciation suggests a period of consolidation. Investors looking for long-term growth should compare this against the rental yield of 3.69%, which indicates a balanced market where capital appreciation and rental income both contribute to the overall return on investment.
