Property Rates in Gamdevi, Mumbai 2026

As of March 2026, the average asking price in Gamdevi is ₹84,050 per sq ft, while the Government Registration Rate stands at ₹29,500 per sq ft for the period of June 2025 to May 2026. This difference between the market-driven asking price and the government-notified rate is common in premium real estate markets, where market value is influenced by factors like location, project amenities, and brand reputation.

Property rates in Gamdevi have maintained a consistent trajectory, with the average asking price moving from ₹83,050 per sq ft in June 2025 to ₹84,050 per sq ft by March 2026. This upward movement across the last four quarters reflects the enduring appeal of the area, suggesting a resilient market where property values have remained firm despite broader economic shifts.

As of March 2026, Ready To Move property in Gamdevi is priced at an average of ₹63,300 per sq ft, having appreciated by 5.98% over the preceding period. In contrast, Under Construction property commands a premium at ₹87,750 per sq ft, which has seen a slight depreciation of 1.41% compared to the previous period. This pricing structure suggests that buyers are currently paying a premium for newer, under-construction inventory, while established ready-to-move units offer a relatively more accessible entry point into the locality.

The average rental rate in Gamdevi is ₹176 per sq ft as of March 2026, with rates remaining stable at 0% change over the recent period. The locality currently offers a rental yield of 2.51%, a metric that helps investors gauge the annual income potential relative to the capital investment required for purchasing property in this high-value market.

Rental demand in Gamdevi varies significantly by unit size, with 2 BHK apartments commanding an average rent of ₹1.31 Lakh per month, while 3 BHK apartments are available at an average of ₹3.41 Lakh per month as of March 2026. These figures provide a clear picture for both tenants and landlords regarding the monthly budget required for different living configurations in the area.

Among the top rental projects in Gamdevi, Sumer Saraswati leads with a current rental rate of ₹222 per sq ft, followed by Devtaru The Island at ₹209 per sq ft, and Rohan Shiv Tapi at ₹135 per sq ft as of March 2026. These rates have remained stable with 0% change, reflecting the premium positioning of these specific developments within the local rental market.

Rental rates in the vicinity of Gamdevi show distinct variations, with prime areas like Malabar Hill and Walkeshwar commanding higher rates of ₹250 per sq ft as of March 2026. In contrast, areas such as Girgaum Chowpatty, Babulnath, and Gowalia Tank maintain a more moderate rental rate of ₹150 per sq ft. Notably, Walkeshwar experienced an 18.95% appreciation in rental rates, while Malabar Hill saw a minor depreciation of 0.85% over the same period.

Ahmed Builders is currently the most active developer in Gamdevi, recording 3 transactions as of March 2026. This level of transaction activity highlights the developer's significant presence and influence in the local residential market.

A buyer should use the provided data to compare the current average asking price of ₹84,050 per sq ft against historical trends and specific property statuses to make an informed decision. By observing that Ready To Move properties are priced at ₹63,300 per sq ft (which appreciated by 5.98% from the previous period) versus Under Construction units at ₹87,750 per sq ft, buyers can determine if they prefer the immediate occupancy of ready units or the potential of newer developments.