Property Rates in Govandi, Mumbai 2026

Property prices in Govandi have shown a dynamic trajectory, with the location rate rising from ₹22,950 per sq ft in September 2025 to ₹26,000 per sq ft by June 2026. While there was a slight dip in December 2025 to ₹22,250 per sq ft, the subsequent recovery indicates a resilient market. Investors often monitor these quarterly fluctuations to identify entry points during periods of price correction.

The rental yield in Govandi is currently 4.40% as of June 2026. For investors, a yield of this level is a key indicator of potential recurring income relative to the capital investment required for a property purchase. When combined with the current average asking price of ₹22,900 per sq ft, it helps stakeholders evaluate the balance between long-term capital appreciation and immediate rental returns.

As of June 2026, the average monthly rent for a 1 BHK apartment in Govandi is ₹47,850, while a 2 BHK apartment commands an average of ₹59,350 per month. These figures provide a clear benchmark for tenants and landlords, reflecting the current demand for different unit configurations in the local residential market.

Property rates vary significantly across the vicinity of Govandi as of June 2026. While Govandi East and Deonar command higher average rates of ₹39,200 per sq ft, which have appreciated by 4.89% since the previous period, other areas like Kurla and Subhash Nagar show lower price points of ₹23,900 per sq ft and ₹23,800 per sq ft, respectively. These differences highlight the premium status of specific pockets within the broader Mumbai Harbour region.

Ready To Move properties in Govandi are currently priced at an average of ₹23,250 per sq ft as of June 2026, marking a 1.65% appreciation. In comparison, Partially Ready To Move projects are valued at ₹22,400 per sq ft, showing a stronger appreciation of 4.05% over the same period. This data suggests that while ready inventory remains a stable choice, there is active interest in projects nearing completion.

As of June 2026, Himalaya CHS Govandi leads with a listing rate of ₹26,350 per sq ft, despite a minor depreciation of 0.64%. Other premium projects include Charisma Navdurga Apartments at ₹25,950 per sq ft (which appreciated by 3%) and Nidhaan Ankur at ₹25,450 per sq ft (which appreciated by 4.01%). These rates reflect the project-specific positioning and amenities that influence pricing within the Govandi market.

The top projects by rental rates in Govandi as of June 2026 include Nav Munjal Nagar CHS at ₹99 per sq ft, Charisma Samarpan at ₹94 per sq ft, and Temple View Govandi at ₹86 per sq ft. These rates have remained stable with 0% change, indicating a steady rental market for these specific residential complexes compared to the broader locality average of ₹84 per sq ft.

Buyers should interpret the price trends in Govandi by looking at the quarterly movement of both the location rate and the micromarket rate. For instance, the location rate reached ₹26,000 per sq ft in June 2026, up from ₹22,900 per sq ft in March 2026. By tracking these shifts, buyers can determine if the market is currently in an upward trajectory, which may influence their decision to purchase immediately or wait for potential stabilization.

The overall average rental rate in Govandi is ₹84 per sq ft as of June 2026, with a 0% change, indicating a period of price stability. However, performance varies by sub-area; for example, Barrister Nath Pai Nagar has seen a significant appreciation of 14.04%, while Subhash Nagar experienced a depreciation of 8.05% over the same period. This suggests that rental growth is highly localized rather than uniform across the entire region.