Mumbai
The Gamdevi real estate market is defined by its high-value residential landscape and consistent demand for luxury living spaces. Property prices have remained steady, with the current average asking price at ₹84,050 per sq ft. Rental activity is particularly notable, offering a healthy yield of 3.46% and diverse options ranging from apartments to premium residential projects. Government registration data confirms steady interest, with transactions totalling ₹132 Cr over the recent period. Developers continue to focus on high-end configurations, reinforcing the area's status as a premium residential hub.
As of September 2026, the average asking price in Gamdevi is ₹84,050 per sq ft. This rate has remained stable with a 0% change, indicating a balanced market environment for buyers and sellers in this locality during the observed period.
Property prices in Gamdevi have shown a steady trajectory, with the micromarket rate rising from ₹40,300 per sq ft in June 2026 to ₹40,950 per sq ft in September 2026. This upward movement in the micromarket rate suggests a gradual strengthening of demand in the area, providing a positive signal for long-term investors.
As of September 2026, property rates in Gamdevi vary by status: Ready To Move properties are priced at ₹69,750 per sq ft, having appreciated by 4.28% compared to the previous period. Well Occupied properties are at ₹66,000 per sq ft, showing a significant appreciation of 11.51%. Meanwhile, Under Construction projects are priced at ₹84,900 per sq ft, which reflects a depreciation of 3.22% from the prior period.
The rental yield in Gamdevi stands at 3.46% as of September 2026, which serves as a key indicator of the annual rental income relative to the property's capital value. With an average rental rate of ₹242 per sq ft, which has appreciated by 37.5% compared to the previous period, the locality offers a compelling balance for investors looking for both potential capital appreciation and steady rental returns.
As of September 2026, rental rates in Gamdevi are segmented by unit size, with 2 BHK apartments commanding an average of ₹1.27 Lakh per month and 3 BHK apartments averaging ₹3 Lakh per month. These figures reflect the premium nature of the locality and provide prospective tenants and landlords with a clear benchmark for budgeting and investment planning.
As of September 2026, the top projects by rental rates in Gamdevi include Sumer Saraswati at ₹222 per sq ft, Devtaru The Island at ₹209 per sq ft, and Rohan Shiv Tapi at ₹135 per sq ft. These rates have remained stable with a 0% change, highlighting these developments as premium rental options within the locality.
Rental rates in the vicinity of Gamdevi show distinct variations, with Malabar Hill and Walkeshwar both commanding the highest rates at ₹250 per sq ft. Walkeshwar has seen a notable appreciation of 13.11% in rental rates, while Malabar Hill experienced a slight depreciation of 2.41%. Other areas like Babulnath, Grant Road, and Tardeo maintain a consistent rental rate of ₹200 per sq ft, though each has seen varying degrees of market adjustment.
As of September 2026, ABIL Mansion leads the list of premium projects in Gamdevi with a listing rate of ₹95,400 per sq ft, which reflects a depreciation of 1.69% compared to the previous period. Other high-value projects include Rohan Shiv Tapi at ₹87,500 per sq ft (up 10.72%) and Shapoorji Pallonji The Odyssey at ₹84,900 per sq ft (down 3.22%). These variations indicate a dynamic market where premium positioning is subject to specific project-level demand.
The average asking price in Gamdevi is ₹84,050 per sq ft, while the Government Registration Rate is ₹28,800 per sq ft as of September 2026. Buyers should note that the Government Registration Rate is a benchmark for stamp duty and registration calculations, whereas the asking price represents the current market valuation based on active listings. Understanding this gap is essential for accurately estimating the total cost of acquisition, including taxes and duties.
Property rates in the vicinity of Gamdevi vary significantly, with Papanas Wadi commanding the highest average rate at ₹1.21 Lakh per sq ft, followed by Altamount Road at ₹1.35 Lakh per sq ft (up 3.31%). In contrast, areas like Nagpada offer more accessible entry points at ₹35,050 per sq ft, which has seen a minor depreciation of 0.18%. These comparisons help investors identify which neighbourhoods align best with their budget and capital growth expectations.
