Devad Property Rates

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Property rates in Devad average ₹10,250 per sq ft, reflecting a stable residential landscape. The area features a mix of ready-to-move projects and emerging developments, with notable options like Infiniti Shree Ashtavinayak and Galaxy Apartment drawing interest at premium price points. With recent registration data showing 127 transactions valued at ₹28 Cr, the locality maintains steady demand for both immediate possession units and new project launches within the broader Navi Mumbai corridor.

Insights

Insights for Devad, Navi Mumbai Real Estate Market Overview

The Devad real estate market is characterized by consistent demand and a diverse range of residential options that cater to varying buyer needs. Recent trends show that ready-to-move properties remain a primary choice for occupants, while new launches continue to attract investors looking for long-term growth. Registration data indicates a healthy transaction volume, supported by a mix of established and developing residential projects. Rental demand in nearby hubs like New Panvel and Kamothe remains competitive, further underscoring the regional appeal of Devad.

Ready-to-move inventory is priced at an average of ₹9,850 per sq ft, providing accessible entry points for homebuyers.
New launch projects are currently commanding ₹10,500 per sq ft, signaling confidence in future supply.
Top residential developments such as Infiniti Shree Ashtavinayak and Galaxy Apartment lead the market with rates reaching ₹10,500 per sq ft.
The region recorded 127 property registrations with a total gross value of ₹28 Cr, highlighting active market participation.

Market Strengths

A total of 127 transactions recorded in the recent period highlights strong market liquidity.
New launch projects show positive growth with a 1.85% increase in rates.
Proximity to established hubs like New Panvel and Kamothe with rental rates of ₹50 per sq ft adds significant value.
Kamothe Sector 21 shows strong appreciation with a 17.06% increase in rates.
Old Panvel maintains a solid market presence with a 9.99% increase in property rates.

Market Challenges

Under-construction projects have seen a price change of -11.86%, indicating a volatile segment for investors.
Ready-to-move inventory has experienced a minor price adjustment of -1.87%.
New Panvel property rates have seen a decrease of -2.5%.

Investment Opportunities

Ready-to-move projects offer a stable entry point at an average of ₹9,850 per sq ft.
New launch opportunities are available at ₹10,500 per sq ft, appealing to long-term investors.
Rental rates in nearby New Panvel and Kamothe are steady at ₹50 per sq ft, suggesting potential for steady rental yields.
The 17 ready-to-move units provide immediate occupancy options for those seeking to avoid construction delays.

Price Trend

Devad, Navi Mumbai Property Price Trends and Appreciation

About Asking Price Trends

Devad Property Price Comparison

By Localities
By Property Status

Location	Rate (₹/Sq.Ft)	Change %
New Panvel	14,100	-2.5
Old Panvel	14,100	10
Vadghar	11,200	0.7
Kamothe Sector 22	13,900	3.5
Kamothe Sector 21	16,900	17.1
Kamothe	14,650	3

The surrounding micro-markets exhibit varied pricing, with Kamothe Sector 21 commanding a premium at ₹16,900 per sq ft. In contrast, locations like Vadghar offer more competitive entry points at ₹11,200 per sq ft. New Panvel and Old Panvel both hover around the ₹14,100 per sq ft mark, highlighting the consistent demand across these well-connected pockets of Navi Mumbai.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	17	9,850	-1.9
Under Construction	1	9,100	-11.9
New Launch	1	10,500	1.9

The Devad market provides a balanced supply across development stages, catering to both immediate and long-term buyers. Ready-to-move inventory, consisting of 17 units, is priced at ₹9,850 per sq ft, while one new launch project is currently available at ₹10,500 per sq ft. Under-construction options are also present, offering buyers flexibility in balancing possession timelines with their investment goals.

Project & Developer Insights

Top Residential Projects and Developers in Devad

Arihant Aspire ₹ 38 L - ₹ 1.17 Cr

Panvel, Navi Mumbai

LnT Crestoria Estate ₹ 1.36 Cr - ₹ 3.29 Cr

Panvel, Navi Mumbai

Hiranandani Fortune City ₹ 97.31 L - ₹ 3.13 Cr

Panvel, Navi Mumbai

Godrej Green Terraces ₹ 88 L - ₹ 2.3 Cr

Panvel, Navi Mumbai

Godrej Nexspace ₹ 90 L - ₹ 1.8 Cr

Panvel, Navi Mumbai

Godrej The Highlands ₹ 75.33 L - ₹ 1.83 Cr

Panvel, Navi Mumbai

Godrej City ₹ 80.66 L - ₹ 1.83 Cr

Panvel, Navi Mumbai

Kalpataru Park Riviera ₹ 1.22 Cr - ₹ 1.71 Cr

Panvel, Navi Mumbai

Arihant Adarsh ₹ 37 L - ₹ 58.34 L

Panvel, Navi Mumbai

Arihant Aakarshan ₹ 36.58 L - ₹ 54.75 L

Panvel, Navi Mumbai

New Launch

Under Construction

Ready to Move

Prayag Builders ₹ 14.69 L - ₹ 52.2 L

13 Projects

Omkaresh Infratech LLP ₹ 12.8 L - ₹ 30.6 L

3 Projects

Ekvira Developers ₹ 14.08 L - ₹ 34.16 L

1 Projects

Smile Intra Trade

1 Projects

Lucky Builders And Developers Navi Mumbai

1 Projects

Infiniti Developers

1 Projects

Top Projects by Listing Rates

Listing Rate

Project Name	Rate (₹/Sq.Ft)	Change %
Infiniti Shree Ashtavinayak, Devad	10,500	1.9
Galaxy Apartment, Devad	10,500	0.2
Jankar Empire, Devad	10,400	2.3
Shivdham Chs, Devad	10,400	1.4
Shree Krishna Kunj, Devad	10,350	3.1
Swaminath Apartment, Devad	10,350	0.2
Pratham Residency, Devad	10,250	2.7
Haridwar Apartment, Devad	10,250	-2.5
Gurudatta Maya Apartment, Devad	10,150	4.2
Ekta Vihar Chs, Devad	10,150	3.9

Premium residential developments in Devad define the market's aspirational segment with strong pricing benchmarks. Infiniti Shree Ashtavinayak and Galaxy Apartment lead the way at ₹10,500 per sq ft, followed closely by Jankar Empire and Shivdham CHS at ₹10,400 per sq ft. These projects, alongside Shree Krishna Kunj and Swaminath Apartment, reflect a high standard of living and steady value appreciation for residents.

Top Developers by Transaction Count

By Transaction

Developer	Transactions
Prayag Builders	1

The development landscape in Devad is supported by active builders such as Prayag Builders. Their presence in the market contributes to the ongoing supply of residential units and helps maintain consistent transaction volumes for prospective homebuyers.

Government Registrations

Government Registration in Devad, Navi Mumbai

Official registration data for Devad indicates a productive period with 127 transactions recorded, amounting to a gross value of ₹28 Cr. The registered rate of ₹7,950 per sq ft highlights the market's activity levels and transactional momentum. Prayag Builders has been active in this space, contributing to the overall development landscape of the area.

Sales Transactions 127

Gross Sales Value ₹ 28 Cr

Registered Rate ₹ 7,950/Sq.Ft

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 37,700 /Sq.Ft

Govt Registration Rate ₹ 18,300 /Sq.Ft

Navi Mumbai

Avg. Asking Price ₹ 19,000 /Sq.Ft

Govt Registration Rate ₹ 13,950 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,200 /Sq.Ft

Thane

Avg. Asking Price ₹ 16,000 /Sq.Ft

Govt Registration Rate ₹ 9,650 /Sq.Ft

Gurgaon

Avg. Asking Price ₹ 15,100 /Sq.Ft

Pune

Avg. Asking Price ₹ 13,550 /Sq.Ft

Govt Registration Rate ₹ 8,750 /Sq.Ft

Noida

Avg. Asking Price ₹ 12,650 /Sq.Ft

Govt Registration Rate ₹ 9,100 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,400 /Sq.Ft

Hyderabad

Avg. Asking Price ₹ 9,400 /Sq.Ft

Govt Registration Rate ₹ 3,700 /Sq.Ft

Chennai

Avg. Asking Price ₹ 9,200 /Sq.Ft

Micromarket-Wise Property Price Trends Around Devad, Navi Mumbai

Vashi

Avg. Asking Price ₹ 30,750 /Sq.Ft

Govt Registration Rate ₹ 18,950 /Sq.Ft

Airoli

Avg. Asking Price ₹ 23,500 /Sq.Ft

Govt Registration Rate ₹ 17,450 /Sq.Ft

CBD Belapur

Avg. Asking Price ₹ 19,350 /Sq.Ft

Govt Registration Rate ₹ 15,300 /Sq.Ft

Panvel

Avg. Asking Price ₹ 15,450 /Sq.Ft

Govt Registration Rate ₹ 11,750 /Sq.Ft

Raigad

Avg. Asking Price ₹ 9,000 /Sq.Ft

More insights about Devad, Navi Mumbai

Devad, Navi Mumbai Overview

FAQ

Frequently Asked Questions About Property Rates in Devad, Navi Mumbai

What is the current average asking price in Devad, Navi Mumbai?

As of June 2026, the micromarket rate in Devad stands at ₹15,450 per sq ft. This reflects a consistent upward trend, having appreciated from ₹15,050 per sq ft in March 2026 and ₹14,800 per sq ft in December 2025, signaling sustained demand in the area.

How do property rates in Devad compare to the Government Registration Rate?

The average asking price in Devad is currently higher than the Government Registration Rate, which is recorded at ₹7,950 per sq ft for the period of October 2025 to September 2026. This gap between the market-driven asking price and the government-registered value is a common indicator of the premium buyers are willing to pay for current market inventory compared to historical transaction benchmarks.

How has the price trend in Devad evolved over the last few quarters?

The property market in Devad has shown a positive trajectory throughout the first half of 2026. The micromarket rate rose from ₹14,800 per sq ft in December 2025 to ₹15,050 per sq ft in March 2026, and further reached ₹15,450 per sq ft by June 2026, indicating a steady growth pattern that suggests investor and end-user confidence in the locality.

What are the average asking prices for different property statuses in Devad?

As of June 2026, Ready To Move properties in Devad are priced at an average of ₹9,850 per sq ft, having depreciated by 1.87% compared to the previous period. Under Construction properties are currently at ₹9,100 per sq ft, showing a depreciation of 11.86%, while New Launch projects are priced at ₹10,500 per sq ft, reflecting an appreciation of 1.85% over the same timeframe.

Which projects in Devad currently feature the highest listing rates?

As of June 2026, projects such as Infiniti Shree Ashtavinayak and Galaxy Apartment lead the market with listing rates of ₹10,500 per sq ft. Infiniti Shree Ashtavinayak has seen an appreciation of 1.85%, while Galaxy Apartment has remained relatively stable with a minor appreciation of 0.19% compared to the previous period.

What is the rental landscape in areas near Devad?

Rental rates in the vicinity of Devad are consistent across major hubs, with New Panvel, Khanda Colony, and Kamothe all commanding an average rental rate of ₹50 per sq ft as of June 2026. New Panvel has seen a significant appreciation of 12.9% in rental rates, while Kamothe experienced a 3.85% appreciation, and Khanda Colony has maintained stable rental pricing with 0% change over the same period.

How should an investor interpret the rental trends in the Devad micromarket?

Investors looking at areas near Devad should note that the rental market is showing growth, particularly in New Panvel, which appreciated by 12.9% as of June 2026. The uniform rental rate of ₹50 per sq ft across these key neighbouring localities suggests a balanced rental market, providing a stable income baseline for property owners in the Panvel region.

How can I use the property rates data for Devad to make an informed decision?

You can use the data to compare the current market asking price of ₹15,450 per sq ft against the Government Registration Rate of ₹7,950 per sq ft to assess the premium you are paying. Additionally, by reviewing the status-wise pricing, such as the ₹9,850 per sq ft for Ready To Move units versus the ₹9,100 per sq ft for Under Construction units, you can align your purchase with your timeline and risk appetite.