Property Rates in Govandi East, Mumbai

Property prices in Govandi East, Mumbai have shown some fluctuation over the past year. From Jun 2025 to Mar 2026, the average asking price increased from ₹36,861 per sq ft to ₹39,182 per sq ft. However, the micromarket rate within Govandi East saw a more significant rise from ₹19,525 per sq ft in Jun 2025 to ₹37,242 per sq ft in Mar 2026, indicating varied performance across different segments of the locality.

As of Mar 2026, the average asking price in Govandi East, Mumbai is ₹39,182 per sq ft, while the Government Registration Rate is ₹5,250 per sq ft. This significant difference suggests that the listed prices are substantially higher than the rates used for official property registrations, which could be due to various factors including market appreciation or differing valuation methods.

Property rates vary considerably across neighborhoods near Govandi East. As of Mar 2026, Deonar shows the highest average rate at ₹39,182 per sq ft, though it has depreciated by 1.08% from the previous period. In contrast, Mankhurd has a much lower average rate of ₹18,023 per sq ft with no change, while Govandi itself is priced at ₹22,919 per sq ft, having seen a slight depreciation of 0.23%.

As of Mar 2026, the average price for apartments in Govandi East, Mumbai is ₹39,182 per sq ft. This segment has appreciated by 4.89% from Dec 2025. This indicates a positive trend for apartment buyers and investors in this specific property type within the locality.

As of Mar 2026, Ready To Move properties in Govandi East, Mumbai are priced at an average of ₹25,779 per sq ft, which has seen a depreciation of 2.57%. Under Construction properties, on the other hand, are priced at ₹26,753 per sq ft, showing an appreciation of 4.86%. This suggests that while Ready To Move inventory has seen a slight price correction, Under Construction properties are experiencing growth.

The projects with the highest transaction activity in Govandi East, Mumbai include Shivneri CHS Mankhurd with 4 transactions, Jai Maharashtra CHS with 3 transactions, and Koyna CHS Chembur with 1 transaction. Shivneri CHS Mankhurd's current rate is ₹5,333 per sq ft, having depreciated by 40.00% from the previous period, while Jai Maharashtra CHS is at ₹24,367 per sq ft, down 21.71%.

Based on listing rates in Govandi East, Mumbai, Runwal Serene is listed at ₹41,950 per sq ft, having appreciated by 34.65%. Mahavir Platinum CHS Ltd follows with a rate of ₹31,355 per sq ft, showing a slight depreciation of 0.92%. Roswalt Rayan Park is priced at ₹27,065 per sq ft, with a 6.67% appreciation.

As of Mar 2026, the projects with the highest value in Govandi East, Mumbai based on transactions are Shivneri CHS Mankhurd, with a sale value of ₹49.25 Lakh, Jai Maharashtra CHS at ₹38 Lakh, and Koyna CHS Chembur at ₹9 Lakh. Shivneri CHS Mankhurd has seen a significant depreciation of 40.00% in its rate to ₹5,333 per sq ft, while Jai Maharashtra CHS is at ₹24,367 per sq ft, down 21.71%.

The average rental rate in Govandi East, Mumbai is ₹103 per sq ft as of Mar 2026. The rental yield for the locality stands at 3.15%. This yield indicates the annual return an investor can expect from rental income relative to the property's capital value, suggesting a moderate income-generating potential for rental properties in the area.

In Govandi East, Mumbai, rental rates vary by BHK configuration. A 2 BHK apartment commands an average rent of ₹81,407 per month. For larger spaces, a 3 BHK apartment averages ₹1.21 Lakh per month, and a 4 BHK apartment is priced at ₹1.49 Lakh per month. These figures highlight the premium for larger units and cater to different tenant needs.

Rental rates vary across neighborhoods near Govandi East, Mumbai. Postal Colony offers the highest average rental rate at ₹136 per sq ft. Barrister Nath Pai Nagar follows with ₹114 per sq ft, showing a 7.55% appreciation. Deonar has an average rental rate of ₹109 per sq ft, but has seen a depreciation of 10.66%. Mankhurd offers the most affordable rentals at ₹68 per sq ft.

As of Mar 2026, the average rental rate for apartments in Govandi East, Mumbai is ₹103 per sq ft. This represents a depreciation of 15.57% compared to the previous period. This downward trend in apartment rental rates may indicate increased supply or softening demand in the rental market for this property type.

The projects in Govandi East, Mumbai with the highest current rental rates include Devdoot CHS at ₹108 per sq ft, Orchid Residency at ₹95 per sq ft, and Vikram CHS Govandi at ₹94 per sq ft. These rates are based on limited listings, with most projects showing no change in rental rates from the previous period.