Property Rates in Cumbala Hill, Mumbai

As of March 2026, the average asking price in Cumbala Hill is ₹70,449 per sq ft, while the Government Registration Rate is ₹62,339 per sq ft. This indicates a difference of ₹8,110 per sq ft between what sellers are asking and the rate at which properties are being officially registered. This gap can sometimes reflect market sentiment, negotiation room, or differences in valuation methodologies.

The property price trend in Cumbala Hill shows a dynamic movement over the past year. After a dip from ₹64,544 per sq ft in June 2025 to ₹62,722 per sq ft in September 2025, prices saw a slight increase to ₹63,333 per sq ft in December 2025. The most recent data for March 2026 shows a substantial rise to ₹70,449 per sq ft, marking a significant appreciation of 11.24% from the previous quarter. This trajectory suggests a period of recovery and strong growth towards the end of the observed period.

Property rates vary considerably across neighborhoods within Cumbala Hill as of March 2026. Altamount Road leads with an average rate of ₹1.31 Lakh per sq ft, showing a remarkable 57.16% appreciation from the previous period. Malabar Hill follows at ₹95,681 per sq ft with a 24.66% increase, and Gamdevi at ₹84,029 per sq ft with a modest 0.1% appreciation. Conversely, Kemps Corner has seen a significant depreciation of 15.92%, with an average rate of ₹55,673 per sq ft.

As of March 2026, the average price for apartments in Cumbala Hill is ₹70,449 per sq ft. This figure has appreciated by 11.24% compared to the Dec 2025 period. This indicates a strong demand for apartments in the area, driving up their value over the recent quarters.

In Cumbala Hill, as of March 2026, Ready To Move properties have an average price of ₹56,037 per sq ft, which has depreciated by 5.97% from the previous period. Under Construction properties are priced slightly higher at ₹56,873 per sq ft, but have seen a steeper depreciation of 19.37%. This suggests that while both segments are experiencing price corrections, Ready To Move properties might be relatively more stable in terms of value.

As of March 2026, Shyam Niwas has recorded the highest number of transactions with 2 units, maintaining a current rate of ₹62,058 per sq ft. Cumballa Crest also saw 2 transactions, with its rate at ₹52,256 per sq ft and showing an appreciation of 18.30%. Other projects like Neelkanth Bhaveshwar Sagar, Valentina Apartment, Rewa Apartments, and Shankar Mahal each had 1 transaction, with rates ranging from ₹52,048 to ₹68,660 per sq ft.

As of March 2026, Neelkanth Bhaveshwar Sagar leads in Cumbala Hill by property value, with a current rate of ₹68,660 per sq ft and a sale value of ₹16.56 Cr for its single transaction. Cumballa Crest is second, with a transaction value of ₹14.65 Cr and a rate of ₹52,256 per sq ft, having appreciated by 18.30%. Shyam Niwas follows with a value of ₹13.66 Cr at ₹62,058 per sq ft.

Based on transaction volume in Cumbala Hill, the developer Neelkanth is noted with 1 transaction. While the data shows limited developer-specific transaction counts, this indicates their presence in the market. Further analysis of transaction data would be needed to identify other prominent developers.

As of March 2026, the average rental rate in Cumbala Hill is ₹227 per sq ft. The area offers a rental yield of 3.87%. This yield suggests the potential return on investment for property owners through rental income relative to the property's capital value.

Rental rates in Cumbala Hill show significant variation by neighborhood as of March 2026. Malabar Hill commands the highest average rental rate at ₹234 per sq ft, despite a slight depreciation of 0.85%. Breach Candy follows with ₹221 per sq ft and a 1.84% appreciation. Kemps Corner has seen a substantial 21.15% increase in rental rates, reaching ₹189 per sq ft, while Tardeo shows a 10.99% rise to ₹202 per sq ft.

In Cumbala Hill, as of March 2026, the average rental rate for a 2 BHK apartment is ₹2.23 Lakh per month. For a larger 3 BHK apartment, the average rental rate increases to ₹3.63 Lakh per month. These figures reflect the premium commanded by larger units in this prime location.

As of March 2026, Khatau Mansion leads in Cumbala Hill with a rental rate of ₹333 per sq ft, followed by Summer Ville at ₹314 per sq ft. Kala Niketan CHS is at ₹260 per sq ft, and Breach Candy Gardens is at ₹252 per sq ft, having appreciated by 8.15%. These projects represent the premium segment of the rental market in the locality.

As of March 2026, the average rental rate for apartments in Cumbala Hill is ₹227 per sq ft. This represents a slight depreciation of 0.87% compared to the Dec 2025 period. This minor decrease suggests a slight softening in demand or an increase in rental supply for apartments in the area.