Property Rates in Cumbala Hill, Mumbai

Cumbala Hill, a prominent locality in Mumbai, maintains its status as a high-value real estate destination, with an average asking price of ₹63,962 per sq ft and a registration rate of ₹62,339 per sq ft. Analysis of quarterly price trends for the location indicates a dynamic market; after reaching a peak of ₹64,544 per sq ft in June 2025, prices experienced a dip to ₹62,722 per sq ft by September 2025, before recovering slightly to ₹63,333 per sq ft in December 2025. This suggests a responsive market environment. Compared to neighboring areas, Cumbala Hill's rates are competitive, sitting below ultra-premium locations like Walkeshwar (₹1.12 Lakh per sq ft) and Altamount Road (₹97,318 per sq ft), yet significantly above more affordable options like Grant Road (₹51,036 per sq ft). The market is predominantly characterized by apartments, which command an average of ₹63,962 per sq ft and have seen a 0.99% price appreciation. In terms of project status, Ready To Move properties constitute the largest segment with 43 units, though they have experienced a 5.97% price decline to ₹56,037 per sq ft. Under Construction projects, albeit limited to 1 unit, also saw a notable price correction of 19.37%. Top projects by listing rates, such as Mistry Park (₹73,170 per sq ft) and Hanuman Sharan CHS (₹68,730 per sq ft), reflect the premium end of the market. Official government registration data for Apr 2025 to Mar 2026 recorded 43 transactions with a gross value of ₹297 Cr, at an average registered rate of ₹62,350 per sq ft. Projects like Shyam Niwas and Cumballa Crest led in transaction volumes, while Neelkanth Bhaveshwar Sagar accounted for the highest transaction value at ₹16.56 Cr. Neelkanth is identified as a key developer in terms of transaction activity.