Property Rates in Govandi, Mumbai 2026

Property prices in Govandi have shown an upward trajectory throughout 2026. As of September 2026, the location rate reached ₹25,950 per sq ft, rising from ₹22,250 per sq ft in December 2025. This consistent quarter-over-quarter growth indicates a strengthening market, providing a positive signal for long-term capital appreciation for property owners.

Property rates in Govandi vary significantly compared to its neighbours. As of September 2026, areas like Govandi East and Deonar command a premium at ₹42,450 per sq ft, having appreciated by 8.39%. In contrast, Kurla East offers a more accessible entry point at ₹24,250 per sq ft, which has remained relatively stable with a minor depreciation of 0.39%.

As of September 2026, Ready To Move properties in Govandi are priced at an average of ₹23,800 per sq ft, which has appreciated by 2.39%. Meanwhile, Well Occupied properties are valued at ₹23,150 per sq ft, showing an appreciation of 2.06%. Partially Ready To Move projects are currently priced at ₹22,300 per sq ft, reflecting a slight market correction with a depreciation of 0.44%.

The average rental yield in Govandi is 3.69% as of September 2026. For investors, this yield represents the annual rental income relative to the property's purchase price, serving as a key metric to evaluate the income-generating potential of an asset in the current market, especially when balanced against the average asking price of ₹26,000 per sq ft.

As of September 2026, the average monthly rent for a 1 BHK apartment in Govandi is ₹48,400, while a 2 BHK apartment commands an average monthly rent of ₹56,550. These figures provide prospective tenants and landlords with a clear benchmark for the current rental market, reflecting the demand for different unit configurations in the area.

As of September 2026, the top projects by rental rates in Govandi include Nav Munjal Nagar CHS at ₹99 per sq ft and Charisma Samarpan at ₹94 per sq ft. Other notable projects such as Temple View Govandi and Sai Sadan Govandi follow with rates of ₹86 and ₹82 per sq ft, respectively. These projects maintain stable rental values, as indicated by a 0% change percentage, highlighting their consistent appeal to the rental demographic.

Rental rates in the vicinity of Govandi show varied performance as of September 2026. While areas like Govandi East and Deonar command ₹100 per sq ft with an appreciation of 6.06% and 6.93% respectively, other locations like Collectors Colony have seen a rental depreciation of 17.36%. Meanwhile, premium pockets like Chembur Colony and Barrister Nath Pai Nagar maintain higher rental rates at ₹150 per sq ft with stable pricing.

As of September 2026, Charisma Navdurga Apartments leads with a listing rate of ₹26,400 per sq ft, having appreciated by 1.76%. Other prominent projects include Sai Sadan Govandi at ₹25,700 per sq ft (up 1.13%) and Nidhaan Ankur at ₹25,600 per sq ft (up 0.61%). These projects represent the higher end of the local market, reflecting strong demand for quality residential stock in Govandi.

Buyers should use the property rate data to assess market momentum and value positioning. By comparing the current average asking price of ₹26,000 per sq ft (as of September 2026) with the historical quarterly trends and project-specific rates, buyers can identify whether a property is priced in line with the broader market. Additionally, monitoring the appreciation or depreciation percentages helps in understanding whether the locality is currently experiencing a phase of growth or correction.