Property Rates in Dharavi, Mumbai 2026

The average asking price in Dharavi of ₹40,950 per sq ft is significantly higher than the Government Registration Rate of ₹10,550 per sq ft. This gap between market-driven asking prices and the government-notified rate is common in high-demand urban areas and is based on data covering the period from Nov 2025 to Oct 2026, during which 119 transactions were recorded.

Property prices in Dharavi have shown a fluctuating trajectory throughout 2026. After holding steady at ₹46,350 per sq ft from Dec 2025 to Mar 2026, the micromarket rate saw a correction to ₹40,300 per sq ft in Jun 2026, before recovering to ₹40,950 per sq ft by Sep 2026.

As of Sep 2026, ready-to-move properties in Dharavi are priced at an average of ₹33,350 per sq ft, having appreciated by 6.72% compared to the previous period. In contrast, under-construction projects are currently priced at ₹34,900 per sq ft, which represents an appreciation of 6.62% over the same timeframe.

As of Sep 2026, Evershine Meadows leads the market with a listing rate of ₹45,800 per sq ft, having appreciated by 1.12%. Rajesh Raj Spectrum follows closely at ₹45,250 per sq ft, showing a notable appreciation of 12.47%. Other prominent projects, such as Kamanwala Vaibhav Apartment, Dharavi CHS, and Dr Baliga Nagar CHS, are currently listed at ₹35,650 per sq ft, reflecting a 4.77% appreciation.

Rental rates in the vicinity of Dharavi show significant variation depending on the specific area. Mahim and Bandra East command the highest rental rates at ₹200 per sq ft, with Mahim appreciating by 3.74% and Bandra East by 4.04%. Meanwhile, areas like Sion, Sion West, Sion East, and Chunabhatti maintain a consistent rental rate of ₹100 per sq ft, with Chunabhatti showing a 2.2% appreciation and Sion East remaining stable.

Tenants looking near Dharavi will find a diverse range of rental options, with rates ranging from ₹100 to ₹200 per sq ft. While premium hubs like Mahim and Bandra East are priced at ₹200 per sq ft, more affordable options are available in GTB Nagar and various Sion pockets at ₹100 per sq ft. Notably, GTB Nagar experienced a rental depreciation of 7.34%, whereas New Dinkar Housing Cooperative Society remains stable at ₹150 per sq ft.

Marwin Group Builders And Developers currently leads transaction activity in Dharavi with 2 recorded transactions. Other active developers in the locality, each with 1 recorded transaction, include Arihant Infrastructure Company, G Apple Reality Builders And Developers, Ridhi Ventures, Shraddha Landmark, and United Developers Mumbai.

Buyers in Dharavi can choose from various project stages, each with distinct pricing signals as of Sep 2026. Ready-to-move units are priced at ₹33,350 per sq ft, while well-occupied projects command a premium at ₹34,500 per sq ft, having appreciated by 12.2%. New launches are currently priced at ₹34,700 per sq ft, reflecting an 11.79% appreciation, which suggests strong developer confidence in the current market cycle.