Property Rates in Govandi, Mumbai

The Govandi property market primarily focuses on apartment living, which represents the dominant property type. Apartments in Govandi currently average an asking price of ₹24,410 per sq ft. This segment has demonstrated healthy growth, recording a positive change of 9.7%, indicating strong buyer interest and appreciation in value.

Govandi offers properties across various stages of completion to suit different buyer timelines. Ready To Move properties are the most abundant, with 12 units available at an average price of ₹22,876 per sq ft, though experiencing a slight change of -2.95%. Well Occupied projects also form a significant part of the inventory with 7 units, averaging ₹22,123 per sq ft. Additionally, Partially Ready To Move options are present at ₹21,505 per sq ft, catering to those who prefer properties nearing completion.

Within Govandi, property rates exhibit notable variations across sub-localities. Govandi East and Deonar lead the market, both commanding an average of ₹38,330 per sq ft. In contrast, Mankhurd offers more affordable options at ₹18,023 per sq ft. Pant Nagar has shown significant upward momentum with a 16.56% increase, while Tilak Nagar experienced a decrease of -10.19% in its average rates. Subhash Nagar and Govandi West also present competitive rates, averaging ₹23,793 per sq ft and ₹28,642 per sq ft respectively.

Among the top rental projects in Govandi, MJ Shah Centrio is a notable option. This project in Govandi, Mumbai Harbour, offers properties at an average current rental rate of ₹73 per sq ft, maintaining a stable performance with no reported change.

In Govandi, rental trends for apartments vary by configuration. A 1 BHK apartment typically commands an average rent of ₹46,000 per month. For those seeking more space, 2 BHK apartments are available at an average rental rate of ₹64,000 per month, highlighting the demand for residential units in the area.

Rental rates across Govandi's sub-localities present a diverse picture. Postal Colony stands out with the highest average rental rate at ₹136 per sq ft. Govandi East and Deonar also maintain strong rental values, averaging ₹115 per sq ft and ₹117 per sq ft respectively, though both have seen slight declines of -5.74% and -4.1%. Other areas like Subhash Nagar and Tilak Nagar hover around ₹96 per sq ft and ₹93 per sq ft, with Tilak Nagar experiencing a -2.11% change.