Property Rates in Gamdevi, Mumbai 2026

As of June 2026, the average asking price in Gamdevi stands at ₹84,050 per sq ft, while the Government Registration Rate is ₹29,500 per sq ft for the period of August 2025 to July 2026. This significant difference between the market asking price and the government-notified registration value is common in prime residential areas, where market demand and premium amenities drive listing prices well above base registration benchmarks.

Property rates in Gamdevi have shown relative stability, with the average asking price recorded at ₹84,050 per sq ft as of June 2026. Data from the preceding quarters shows that the market has maintained a consistent price trajectory, with the location rate holding steady near the ₹83,850 to ₹84,050 range since December 2025, signaling a mature and resilient real estate market.

Property rates in Gamdevi vary significantly when compared to surrounding areas in South Mumbai. As of June 2026, Altamount Road commands a premium at ₹1.31 Lakh per sq ft (which has appreciated by 38.64%), while Girgaon is priced at ₹1.16 Lakh per sq ft (appreciating by 49.22%). Conversely, areas like Grant Road are more accessible at ₹55,700 per sq ft, having appreciated by 16.55% from the previous period.

As of June 2026, property status significantly influences pricing in Gamdevi, with Ready To Move units averaging ₹66,850 per sq ft, reflecting an appreciation of 11.94% over the comparison period. In contrast, Under Construction projects are priced at a premium of ₹87,750 per sq ft, though this segment has seen a minor depreciation of 1.41% compared to the previous period, likely due to market adjustments in supply.

The average rental yield in Gamdevi is 2.51% as of June 2026. This yield, calculated against the current average asking price of ₹84,050 per sq ft, provides investors with a baseline for annual rental income relative to the capital investment required for property ownership in this prestigious locality.

Rental rates in Gamdevi are structured 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 rates cater to a premium tenant profile, reflecting the high demand for spacious, well-located residences in South Mumbai.

Rental rates across micromarkets near Gamdevi show a diverse range as of June 2026. Premium areas like Babulnath, Kemps Corner, Malabar Hill, Walkeshwar, and Cumbala Hill all command a rental rate of ₹250 per sq ft. Meanwhile, areas such as Grant Road, Tardeo, and Peddar Road maintain a rental rate of ₹200 per sq ft, with Tardeo seeing a 6.44% appreciation and Peddar Road seeing a 12.18% appreciation over the comparison period.

As of June 2026, top projects in Gamdevi by rental rates include Sumer Saraswati at ₹222 per sq ft and Devtaru The Island at ₹209 per sq ft. These projects maintain stable rental pricing, with both recording 0% change in their current rental rates compared to the previous period, illustrating consistent demand for these specific residential addresses.

As of June 2026, ABIL Mansion leads the list of high-value projects in Gamdevi with a listing rate of ₹97,050 per sq ft, marking a significant appreciation of 41.32% from the previous period. Other premium projects include Shapoorji Pallonji The Odyssey at ₹87,750 per sq ft and Shapoorji Pallonji JK Tower at ₹82,100 per sq ft, the latter having appreciated by 1.44%.

Potential buyers should use this data to understand the price positioning of Gamdevi relative to the broader South Mumbai market. By comparing the average asking price of ₹84,050 per sq ft as of June 2026 with project-specific rates and the Government Registration Rate, buyers can evaluate whether a property is priced fairly based on current market trends and recent appreciation or depreciation signals.