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Property Rates in Girgaon, Mumbai

Comprehensive Market Snapshot

The Girgaon real estate market in Mumbai demonstrates dynamic activity, with asking prices averaging ₹1.16 Lakh per sq ft. Recent quarterly trends reveal a significant surge in property rates, particularly in December 2025. The market is primarily driven by apartment sales, which show robust appreciation. Transaction data highlights strong developer and project activity, backed by 436 government registrations totaling ₹700 Cr, reflecting a healthy and active property landscape.

  • Asking Sale Price₹ 1,15,917/sq.ft
  • Govt. Registration Prices₹ 23,891/sq.ft
  • Insights
  • Price Trend
  • Project and Developer Insights
  • Government Registrations

Insights for Girgaon, Mumbai Real Estate Market

Girgaon, a prominent location in Mumbai, presents a vibrant real estate market with an average asking price of ₹1.16 Lakh per sq ft. Analysis of quarterly price trends indicates a notable upward trajectory, with the average location rate soaring to ₹77,682 per sq ft in December 2025, a substantial increase from ₹44,532 per sq ft in September 2025. This surge signals strong investor confidence and escalating demand within the locality. The market is predominantly characterized by apartments, which have seen a significant 49.22% price change, reinforcing their appeal. Micro-markets within Girgaon exhibit varied pricing, with areas like Gamdevi commanding ₹84,029 per sq ft and Marine Lines reaching ₹1 Lakh per sq ft, while Kamathipura offers more accessible options at ₹31,051 per sq ft, though it experienced a notable decline. Property availability spans various stages, from 129 Ready To Move units averaging ₹37,036 per sq ft to 21 Under Construction projects priced at ₹38,657 per sq ft, catering to diverse buyer needs and timelines. Government registration data confirms robust market activity, recording 436 transactions between April 2025 and March 2026, amounting to a gross value of ₹700 Cr at an average registered rate of ₹23,900 per sq ft. Developers like Rohan Lifescapes are actively shaping the market, with their projects like Nandivardhan Avisha and Rohan Lifescapes Siddhant seeing significant transaction volumes and values, showcasing the area's investment potential and developer commitment.

Market Strengths Market Strengths
  • Strong average asking price of ₹1.16 Lakh per sq ft, indicating premium property value.
  • Robust government registration activity with 436 transactions and a gross value of ₹700 Cr, reflecting a liquid market.
  • Impressive quarterly price appreciation, particularly the jump in December 2025, signaling strong market momentum.
  • Dominance and strong performance of the apartment segment with a 49.22% price change.
  • Presence of established and active developers like Rohan Lifescapes, contributing to market reliability.
  • Availability of properties across various development stages, including a substantial number of Ready To Move units (129 units).
  • High-value micro-markets like Marine Lines and Gamdevi offering premium investment opportunities.
Market Challenges Market Challenges
  • The high average asking price of ₹1.16 Lakh per sq ft may pose an entry barrier for some potential buyers.
  • The absence of average rental rate data indicates a potential lack of transparency or a less developed rental market.
  • Significant price volatility in certain micro-markets, such as Kamathipura experiencing a -32.01% decline, requires careful due diligence.
  • The market's heavy reliance on a single property type (apartments) might limit diversification options for investors.
  • Limited inventory in newer stages (e.g., 1 unit each for Advanced Stage and Mid Stage) could restrict choices for certain development timelines.
Investment Opportunities Investment Opportunities
  • Capitalize on the significant quarterly price appreciation observed in Girgaon, especially the sharp rise in December 2025.
  • Invest in apartments, the dominant property type, showing robust price growth of 49.22%.
  • Consider high-value micro-markets like Marine Lines (₹1 Lakh per sq ft) and Gamdevi (₹84,029 per sq ft) for premium returns.
  • Explore Under Construction projects, which show a healthy 14.07% price increase and offer future appreciation potential.
  • Target projects by developers like Rohan Lifescapes, which demonstrate strong transaction volumes and buyer trust.
  • Leverage the active transaction market, evidenced by 436 government registrations totaling ₹700 Cr.
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Property Price Trends in Girgaon, Mumbai

Asking Price Trends

Girgaon's property market has witnessed dynamic price movements over recent quarters. The average location rate, which hovered around ₹43,609 per sq ft in March 2025 and ₹44,532 per sq ft in September 2025, experienced a substantial increase, reaching ₹77,682 per sq ft by December 2025. This sharp appreciation in the latter half of the year underscores a rapidly evolving and upward-trending market.

Quarter City Rate
Dec 2025 77682
Sep 2025 44532
Jun 2025 44250
Mar 2025 43609
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Price Trends by Property Type

Girgaon's real estate market is predominantly characterized by the apartment segment. Apartments in the locality are currently priced at an average of ₹1.16 Lakh per sq ft, having experienced a significant price change of 49.22%. This strong performance highlights the sustained demand and investment appeal of apartment properties within Girgaon.

Type Rate (₹/sq.ft) Change %
Apartment 1,15,917 49.22
Price Trends by Project Status

The Girgaon market offers properties across various development stages, catering to different buyer timelines and preferences. Ready To Move inventory is robust, comprising 129 units at an average price of ₹37,036 per sq ft, which has seen a 2.11% increase. Under Construction projects also present substantial opportunities with 21 units averaging ₹38,657 per sq ft, demonstrating a strong 14.07% growth. Additionally, New Launch projects offer 4 units at ₹33,457 per sq ft, while Advanced Stage and Partially Ready To Move properties are available at ₹33,795 per sq ft and ₹33,703 per sq ft respectively, both showing positive growth.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 158 37,290 1.76
Under Construction 21 38,657 14.07
New Launch 4 33,457 6.44
Price Trends by Localities

Within Girgaon, property rates vary significantly across its micro-markets, reflecting diverse value propositions. Premium localities such as Gamdevi command an average of ₹84,029 per sq ft, while Marine Lines stands at a notable ₹1 Lakh per sq ft, experiencing a substantial 71.63% change. Charni Road also features high at ₹81,627 per sq ft. In contrast, areas like Kamathipura offer more budget-friendly options, averaging ₹31,051 per sq ft, though it saw a significant decline of 32.01%. Grant Road notably increased by 10.87% to ₹51,036 per sq ft, showcasing varied growth across the region.

Location Rate (₹/sq.ft) Change %
Charni Road 81,627 -
Thakurdwar 44,451 -
Khetwadi 44,304 -
Bhuleshwar 42,007 5.7
Gamdevi 84,029 0.1
Grant Road 51,036 10.9
Kalbadevi 42,419 -
Kamathipura 31,051 -32
Marine Lines 1,00,132 71.6
Dalal Estate 46,004 -

Project and Developer Insights

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Girgaon are commanding significant asking prices, reflecting their luxury positioning and prime locations. Leading the segment, 232 Dhuleva is priced at ₹1.22 Lakh per sq ft, having seen an impressive 110.41% increase, setting a high-value benchmark. New Shreeniketan Building follows with an average rate of ₹72,727 per sq ft, showing a 38.99% rise, while Rohan Lifescapes Arihant offers properties at ₹70,332 per sq ft with a 51.5% appreciation. These top-tier developments represent the aspirational segment of the market.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
232 Dhuleva 1,22,331 110.4
New Shreeniketan Building 72,727 39
Rohan Lifescapes Arihant 70,332 51.5
Sumer Grande 70,178 0.6
Hubtown Realms 70,062 0.8
Sumer Grande 69,514 -0.4
Hubtown Realms 69,514 0
Suparshva The 1925 64,423 38.2
Shree Naman Saarthi 54,217 -
Sanghvi Aaditya Pride 53,125 -
Project Name Current Price (₹/sq.ft) Sale Value Change %
Nandivardhan Avisha 41,518 ₹ 3.72 Cr -
Deccan Vikas 29,967 ₹ 3.51 Cr -
Minerva Mansion 33,129 ₹ 3.24 Cr -
Ratan House 28,858 ₹ 3.11 Cr -
Rohan Lifescapes Arihant 70,332 ₹ 2.85 Cr 9.8
Earth Enclave 35,742 ₹ 2.43 Cr -
Rohan Lifescapes Siddhant 47,262 ₹ 2.19 Cr 10.7
Siddhesh Darshan 34,284 ₹ 1.9 Cr -
Riddhi Apartment Girgaon 34,536 ₹ 1.8 Cr -
Shreepati Jewels Ruby 49,446 ₹ 1.71 Cr -
Project Name Current Price (₹/sq.ft) Transactions Change %
Nandivardhan Avisha 41,518 3 -
Rohan Lifescapes Siddhant 47,262 2 10.7
Ratan House 28,858 2 -
Rohan Lifescapes Arihant 70,332 1 9.8
Shreepati Jewels Ruby 49,446 1 -
Shreepati Castle 48,383 1 -
Rohan Lifescapes Amrit Wadi 47,392 1 6.2
Purav Heights 38,461 1 -
Earth Enclave 35,742 1 -
The 1925 35,729 1 -0.4
Top Developers by Transaction Count

Premium residential developments in Girgaon are commanding significant asking prices, reflecting their luxury positioning and prime locations. Leading the segment, 232 Dhuleva is priced at ₹1.22 Lakh per sq ft, having seen an impressive 110.41% increase, setting a high-value benchmark. New Shreeniketan Building follows with an average rate of ₹72,727 per sq ft, showing a 38.99% rise, while Rohan Lifescapes Arihant offers properties at ₹70,332 per sq ft with a 51.5% appreciation. These top-tier developments represent the aspirational segment of the market.

  • By Transaction
Developer Transactions
Rohan Lifescapes 4
Anupam Properties 2
Shreepati Group 2
Suparshva Incorporation 2
Rubberwala Housing Infrastructure Ltd 1
Shagun Group 1
K Realtors 1
Lakadawala Developers 1
Atlas Infratech Pvt Ltd 1

Government Registration in Girgaon, Mumbai

  • Sales Transactions436
  • Gross Sales Value₹ 700 Cr
  • Registered Rate₹ 23,900/sq.ft

Official registration data reveals robust transaction activity in Girgaon during April 2025 to March 2026. The market recorded 436 transactions valued at ₹700 Cr, with an average registered rate of ₹23,900 per sq ft. Developer activity was led by Rohan Lifescapes, which contributed to 4 transactions. Project-wise, Nandivardhan Avisha attracted maximum buyer interest with 3 transactions, while top projects by value like Nandivardhan Avisha and Deccan Vikas generated the highest gross transaction values, indicating strong market momentum.

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