Mumbai
The Chembur real estate market is currently witnessing a steady appreciation in property values, with residential apartments maintaining a strong average asking price. Recent trends indicate that both new launches and under-construction projects are gaining momentum, reflecting buyer confidence in the region's infrastructure. Rental demand remains healthy across various configurations, particularly for larger units, which continue to provide stable returns for landlords. Government registration data highlights a consistent volume of transactions, reinforcing the area's status as a key residential hub in Mumbai.
The average asking price in Chembur is ₹34,300 per sq ft as of June 2026. This figure reflects an appreciation of 3.44% compared to previous periods, signaling a resilient market with sustained demand for residential properties in this locality.
Property prices in Chembur have shown a consistent upward trajectory, with the average asking price rising from ₹32,300 per sq ft in September 2025 to ₹34,300 per sq ft by June 2026. This steady growth indicates strong buyer confidence and consistent demand within the Chembur real estate market.
As of June 2026, the average asking price in Chembur stands at ₹34,300 per sq ft, while the Government Registration Rate is ₹21,550 per sq ft. This gap between the market-driven asking price and the government-notified registration rate is a key metric for buyers to consider when calculating total acquisition costs, including stamp duty and registration fees.
The rental yield in Chembur is currently 3.60% as of June 2026. For investors, this yield represents the annual rental income relative to the property's purchase price, serving as a critical indicator of the potential return on investment for buy-to-let properties in the area.
Rental rates in Chembur vary significantly by unit size: Studios average ₹29,350 per month, 1 BHKs average ₹49,850 per month, 2 BHKs average ₹74,250 per month, 3 BHKs average ₹1.13 Lakh per month, 4 BHKs average ₹1.57 Lakh per month, and 5 BHKs average ₹1.65 Lakh per month as of June 2026. This range allows tenants and investors to align their budgets and expectations with specific property sizes available in the market.
Rental rates in Chembur are segmented by property type, with shops commanding the highest average at ₹350 per sq ft (which has appreciated by 12.08%), followed by office spaces at ₹150 per sq ft (appreciating by 6.29%), and apartments and villas at ₹100 per sq ft as of June 2026. The villa rental rate has seen a notable appreciation of 38.46%, while apartment rentals have seen a modest increase of 0.98%.
As of June 2026, premium projects in Chembur such as Karwa Eastern Court (₹144 per sq ft), Bholenath Residency (₹142 per sq ft), and Shree Krishna Om Niwas (₹140 per sq ft) lead the market in rental pricing. These projects are highly sought after, reflecting the premium value tenants place on specific developments within the locality.
Property prices in Chembur vary by construction status: Ready To Move units are priced at ₹28,750 per sq ft (appreciating by 2.18%), while Under Construction projects average ₹30,600 per sq ft (appreciating by 8.99%) and New Launch projects are at ₹32,250 per sq ft (appreciating by 10.96%) as of June 2026. This pricing structure suggests that buyers are currently paying a premium for newer supply and future-ready inventory.
As of June 2026, Godrej Sky Terraces leads the market with a listing rate of ₹62,650 per sq ft, having appreciated by 46.64%. Other high-value projects include Shree Krishna Anupama at ₹49,450 per sq ft (up 42.23%) and Heritage Shree Venkateswara CHS at ₹47,500 per sq ft (up 35.72%), highlighting the premium segment within the Chembur residential landscape.
Property prices in areas surrounding Chembur show significant variance: Govandi East and Deonar both command ₹42,450 per sq ft (appreciating by 8.39%), while Bhakti Park is at ₹38,400 per sq ft (up 7.38%) and Sion is at ₹28,800 per sq ft (up 2.34%) as of June 2026. These differences reflect the unique demand drivers and infrastructure developments present in each specific neighbourhood.
Transaction activity, such as the 3 transactions recorded by Sheth Enterprises or the 2 transactions by Arihant Group Of Companies as of June 2026, serves as a proxy for developer reliability and project popularity. High transaction volume often indicates that a developer's projects are well-aligned with current market demand and buyer preferences.
The overall average rental rate in Chembur is ₹103 per sq ft as of June 2026, showing a stable appreciation of 0.98%. This stability, combined with a 3.60% rental yield, suggests a balanced rental market where steady demand continues to support consistent income potential for property owners.
