Property Rates in Govandi, Mumbai

Property prices in Govandi, Mumbai, have shown some fluctuation over the past year. From June 2025 to March 2026, the average location rate saw a slight increase from ₹22,905 to ₹22,919 per sq ft. However, the micromarket rate in the same period increased more significantly from ₹19,525 to ₹37,242 per sq ft, suggesting varied performance across different sub-regions within Govandi.

As of March 2026, the average asking price in Govandi, Mumbai, stands at ₹22,919 per square foot. The data indicates a Government Registration Rate of ₹0 per square foot for the same period. This suggests a significant gap between what sellers are asking and the registered value, which is common in many real estate markets.

Property rates vary considerably across neighborhoods in Govandi, Mumbai. As of March 2026, Govandi East has the highest average rate at ₹39,182 per sq ft, appreciating by 2.06% from the previous period. In contrast, Govandi West is priced lower at ₹28,642 per sq ft with no change in rate. Subhash Nagar is at ₹23,793 per sq ft, showing a 1.14% appreciation, while Mankhurd is at ₹18,023 per sq ft with stable rates.

As of March 2026, the average price for apartments in Govandi, Mumbai, is ₹22,919 per square foot. This figure has appreciated by 3% compared to the previous quarter, reflecting a positive movement in apartment values within the locality.

In Govandi, Mumbai, as of March 2026, Ready To Move properties have an average price of ₹22,876 per square foot, which has depreciated by 2.95% from the previous period. Partially Ready To Move properties are priced at ₹21,505 per square foot, showing a slight depreciation of 0.29%. Well Occupied properties are at ₹22,123 per square foot, with a depreciation of 3.39%.

As of March 2026, among the listed projects in Govandi, Mumbai, Himalaya CHS Govandi has the highest current rate at ₹26,539 per square foot, with no change in percentage. Charisma Navdurga Apartments follows at ₹25,180 per square foot, having depreciated by 2.98%.

The average rental rate in Govandi, Mumbai, is ₹84 per square foot as of March 2026. The rental yield for the area is 4.40%, suggesting that property owners can expect an annual return of 4.40% on their investment through rental income relative to the property's capital value.

In Govandi, Mumbai, the average monthly rental rate for a 1 BHK apartment is ₹46,500 per month as of March 2026. For a 2 BHK apartment, the average rental rate is higher at ₹62,833 per month, reflecting the increased demand and space associated with larger units.

Rental rates in neighborhoods around Govandi, Mumbai, show significant variation. Govandi East has an average rental rate of ₹103 per sq ft, experiencing a notable depreciation of 15.57% from the previous period. Deonar follows with ₹109 per sq ft, down 10.66%. In contrast, Mankhurd offers more affordable rentals at ₹68 per sq ft with stable rates, while Barrister Nath Pai Nagar has seen appreciation, with rates at ₹114 per sq ft and a 7.55% increase.

As of March 2026, Nav Munjal Nagar CHS in Govandi, Mumbai, leads with the highest rental rate at ₹99 per square foot. Charisma Samarpan is next with ₹94 per square foot, followed by Temple View Govandi at ₹86 per square foot. These projects represent the premium rental offerings within the locality.

As of March 2026, the average rental rate in Govandi East, Mumbai, is ₹103 per square foot. This rate has experienced a significant depreciation of 15.57% compared to the previous period, indicating a softening in rental demand or an increase in supply in this specific micro-market.

The average asking price in Govandi, Mumbai, was ₹22,919 per square foot as of March 2026. This is considerably lower than some of its neighboring micromarkets; for instance, Govandi East averages ₹39,182 per sq ft, and Chembur is at ₹33,147 per sq ft, both showing appreciation. This price difference suggests Govandi offers a more affordable entry point compared to its immediate, more developed neighbors.