Property Rates in Dharavi, Mumbai 2026

The current market asking price in Dharavi, which reached ₹41,150 per sq ft in June 2026, is significantly higher than the Government Registration Rate of ₹9,500 per sq ft. This registration rate is based on 185 transactions recorded between September 2025 and August 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in high-demand urban areas, and investors should account for this variance when calculating total acquisition costs.

As of June 2026, property prices in Dharavi show distinct trends based on project status. Ready To Move projects are priced at ₹31,250 per sq ft, having appreciated by 9.18% compared to the previous period. Under Construction projects are currently at ₹31,250 per sq ft, reflecting a 6.62% appreciation, while New Launch projects are at ₹31,050 per sq ft, showing a 4.92% appreciation. Well Occupied projects are priced at ₹30,750 per sq ft, which represents a 4.93% appreciation over the same timeframe.

Evershine Meadows leads the list of premium projects in Dharavi with a current listing rate of ₹45,300 per sq ft, having seen a significant appreciation of 71.6% from the prior period. Other notable projects include Rajesh Raj Spectrum at ₹40,200 per sq ft (up 1.27%) and Balaji CHS at ₹36,950 per sq ft, which has maintained price stability. These rates, as of June 2026, highlight the premium that specific, well-regarded residential projects command within the Dharavi micromarket.

Rental rates in areas surrounding Dharavi show significant variance as of June 2026. Mahim and Bandra East currently command the highest rental rates at ₹200 per sq ft, with Mahim experiencing a substantial 37.21% appreciation and Bandra East seeing a 3.24% increase. In contrast, areas like Sion and Chunabhatti are priced at ₹100 per sq ft, with Sion experiencing a 4.9% depreciation and Chunabhatti a 7.92% depreciation compared to the previous period. These variations help tenants and investors identify which neighbouring pockets offer better value or higher rental potential.

Investors evaluating rental income near Dharavi should note that rental performance is highly localized as of June 2026. While Mahim has seen a strong 37.21% appreciation in rental rates to ₹200 per sq ft, other areas like Gandhi Nagar have seen a 11% depreciation, bringing rates to ₹200 per sq ft. Understanding these percentage shifts is crucial for landlords to set competitive rents and for investors to gauge the income-generating potential of their assets relative to the capital investment required in these specific neighbourhoods.

The price trend data for Dharavi shows a dynamic market, with the micromarket rate moving from ₹46,200 per sq ft in September 2025 to ₹41,150 per sq ft in June 2026. This trajectory indicates a period of price adjustment following the peak of ₹46,350 per sq ft observed in the first quarter of 2026. Buyers and investors should view these fluctuations as a signal of market recalibration, which can present opportunities for entry at more competitive price points than those seen earlier in the year.

As of June 2026, the average price for apartments in Dharavi is ₹19,100 per sq ft. This segment has experienced a 13.1% depreciation compared to the previous period. This downward movement suggests a market correction for apartment-style properties, which is an important signal for buyers looking to enter the market at a lower price point than previously recorded.