Property Rates in Gamdevi, Mumbai 2026

The average asking price in Gamdevi is ₹84,050 per sq ft, which sits significantly higher than the Government Registration Rate of ₹29,500 per sq ft recorded between September 2025 and August 2026. This variance is common in prime real estate markets where market-driven valuations often exceed the government-benchmarked registration values used for stamp duty and tax calculations.

Property rates in Gamdevi have shown a period of relative stability, with the average asking price moving from ₹83,950 per sq ft in September 2025 to ₹84,050 per sq ft by March 2026. While the micromarket rate saw a temporary dip from ₹46,350 per sq ft in December 2025 to ₹41,150 per sq ft by June 2026, the overall locality pricing remains robust, reflecting the high-value nature of the area.

As of June 2026, Ready To Move properties in Gamdevi are priced at an average of ₹66,850 per sq ft, having appreciated by 11.94% over the observed period. In contrast, Under Construction projects command a premium, with an average price of ₹87,750 per sq ft, which has seen a minor depreciation of 1.41% compared to the previous period, reflecting a slight market correction in the new-build segment.

Among areas surrounding Gamdevi, Altamount Road commands the highest average asking price at ₹1.31 Lakh per sq ft, having appreciated by 38.64% over the observed period. Conversely, Grant Road and Kemps Corner offer relatively more accessible entry points at ₹55,700 per sq ft (up 16.55%) and ₹55,650 per sq ft (down 31.13% from the previous period), respectively, highlighting the diverse pricing landscape within this South Mumbai pocket.

The average rental rate in Gamdevi is ₹176 per sq ft as of June 2026, a rate that has remained stable with 0% change over the period. The locality currently offers a rental yield of 2.51%, which provides investors with a clear metric to evaluate the income-generating potential of their capital outlay against the prevailing sale prices.

Rental rates in Gamdevi vary significantly by unit size, with 2 BHK apartments averaging ₹1.31 Lakh per month and 3 BHK apartments averaging ₹3.26 Lakh per month as of June 2026. These figures provide a benchmark for tenants and landlords, reflecting the premium nature of the housing stock available in the locality.

Rental rates across neighbourhoods near Gamdevi show significant variation; for instance, Babulnath, Kemps Corner, Malabar Hill, Walkeshwar, and Cumbala Hill all command a premium at ₹250 per sq ft. Meanwhile, areas like Girgaon and Girgaum Chowpatty are more moderately priced at ₹150 per sq ft, with Girgaum Chowpatty experiencing a depreciation of 10.92% and Girgaon seeing a 4.46% depreciation compared to the previous period.

As of June 2026, top projects for rentals in Gamdevi include Sumer Saraswati at ₹222 per sq ft and Devtaru The Island at ₹209 per sq ft, both of which have maintained stable rental rates with 0% change over the period. Rohan Shiv Tapi also features prominently with a current rental rate of ₹135 per sq ft, offering a different price point for prospective tenants in the area.

The listing rates for top projects in Gamdevi, such as ABIL Mansion at ₹97,050 per sq ft (which appreciated by 41.32%) and Shapoorji Pallonji The Odyssey at ₹87,750 per sq ft (which depreciated by 1.41%), indicate a wide spectrum of premium options. These variations suggest that project-specific amenities, brand reputation, and construction status play a critical role in defining the price positioning within the locality.