Property Rates in Devad, Navi Mumbai

Property prices in Devad, Navi Mumbai have shown an upward trend over the past year. The micromarket rate increased from ₹11,057 per sq ft in June 2025 to ₹15,074 per sq ft in March 2026, reflecting a significant appreciation. This suggests growing demand or increasing property values within the micromarket.

Property rates vary significantly across neighbourhoods in Devad, Navi Mumbai. As of March 2026, Khanda Colony has the highest average rate at ₹17,768 per sq ft, while Usarli Khurd is among the most affordable at ₹8,271 per sq ft. Other notable micromarkets include New Panvel Sector 17 (₹16,304 per sq ft) and Takka Colony (₹16,013 per sq ft), indicating diverse pricing segments within the broader Devad region.

In Devad, Navi Mumbai, Ready To Move properties have an average price of ₹8,496 per sq ft as of March 2026, showing a slight appreciation of 1.35% over the period. Under Construction properties are priced at ₹8,464 per sq ft, with a minor depreciation of 0.34%. New Launch properties are listed at ₹8,546 per sq ft, having appreciated by 3.55%.

As of March 2026, Pushpa Narayan Complex CHS in Devad has recorded the highest transaction activity with 1 transaction, valued at ₹29 Lakh. Its current rate stands at ₹8,472 per sq ft, showing an appreciation of 6.51%.

As of March 2026, the projects with the highest listing rates in Devad, Navi Mumbai include Galaxy Apartment at ₹8,786 per sq ft and Infiniti Shree Ashtavinayak at ₹8,546 per sq ft. Other projects like Shree Ganesh Vandana CHS and Ekta vihar CHS are also listed with rates around ₹8,545 per sq ft and ₹8,464 per sq ft respectively.

As of March 2026, Radhey Group is the most active developer in Devad, Navi Mumbai, recording 1 transaction. This activity indicates a presence and engagement of this developer within the locality's property market.

The average rental rate in Devad, Navi Mumbai is ₹0 per sq ft as of March 2026, with no specific rental yield data available for the locality itself. However, nearby areas like New Panvel show a significant rental appreciation of 19.23%, indicating a potentially active rental market in the broader region.

Rental rates vary across micromarkets near Devad, Navi Mumbai. New Panvel leads with an average rental rate of ₹31 per sq ft, showing a strong appreciation of 19.23% as of March 2026. Kamothe follows with an average rent of ₹26 per sq ft, while Karanjade offers rentals at ₹20 per sq ft, remaining stable.

As of March 2026, the average asking price in Devad, Navi Mumbai is ₹0 per sq ft, while the Government Registration Rate is ₹7,597 per sq ft. This indicates a significant difference, with the Government Registration Rate being substantially higher than the current asking prices, which might suggest a market where listed prices are lower than the government's assessed value for transactions.

In Devad, Navi Mumbai, 'Ready To Move' properties are priced at an average of ₹8,496 per sq ft as of March 2026, having appreciated by 1.35%. 'Under Construction' properties are slightly lower at ₹8,464 per sq ft, experiencing a minor depreciation of 0.34%. This suggests that currently, there is minimal price difference between the two categories, with Ready To Move properties holding a slight premium.

Micromarkets within Devad, Navi Mumbai have experienced price appreciation over the past year. For instance, New Panvel East saw a 23% increase in average rates, reaching ₹14,075 per sq ft as of March 2026. Similarly, New Panvel recorded a 22.75% appreciation to ₹14,462 per sq ft, and Panvel Sector 6 appreciated by 15.78% to ₹12,625 per sq ft, indicating strong growth in these specific areas.

Among the micromarkets analyzed in the Devad region as of March 2026, Khanda Colony stands out with the highest average property rate at ₹17,768 per sq ft. Other high-rate micromarkets include New Panvel Sector 17 at ₹16,304 per sq ft and Takka Colony at ₹16,013 per sq ft, suggesting these areas are among the most premium.

The transaction data for projects in Devad, Navi Mumbai, as of March 2026, highlights Pushpa Narayan Complex CHS as a key project with 1 transaction valued at ₹29 Lakh. This project's current rate is ₹8,472 per sq ft, and it has seen a 6.51% appreciation, suggesting active buyer interest and positive value movement for this specific development.