Property Rates in Govandi, Mumbai 2026

Property prices in Govandi have shown a consistent upward trajectory through the first half of 2026. Data indicates the average asking price rose from ₹22,250 per sq ft in December 2025 to ₹22,900 per sq ft in March 2026, reaching ₹26,000 per sq ft by June 2026. This sustained growth reflects increasing buyer interest and a tightening supply of residential inventory in the area.

Property rates in Govandi vary significantly when compared to surrounding areas in Mumbai. As of June 2026, while Govandi averages ₹26,000 per sq ft, neighbouring areas like Govandi East and Deonar command higher rates at approximately ₹42,450 per sq ft, both having appreciated by 8.39%. Conversely, areas like Kurla East are priced lower at ₹24,250 per sq ft, which saw a marginal depreciation of 0.39%.

As of June 2026, Ready To Move properties in Govandi are priced at an average of ₹23,800 per sq ft, having appreciated by 2.39%. In comparison, Well Occupied projects are priced at ₹23,150 per sq ft (a 2.06% appreciation), while Partially Ready To Move projects are available at ₹22,300 per sq ft, which experienced a slight depreciation of 0.44%.

As of June 2026, the average rental rate in Govandi stands at ₹80 per sq ft, which has seen a depreciation of 4.76% compared to previous periods. The locality offers a rental yield of 3.69%, providing a stable income metric for investors looking to balance capital appreciation with consistent rental returns.

Renters in Govandi can expect different price points based on unit size as of June 2026. A 1 BHK apartment typically rents for ₹49,250 per month, while a 2 BHK apartment averages ₹56,200 per month. These rates reflect the current demand for residential apartment living in the locality.

As of June 2026, premium rental projects in Govandi 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 projects maintain stable rental pricing with 0% change, reflecting consistent demand for well-located residential complexes in the area.

Investors should view the June 2026 average asking price of ₹26,000 per sq ft alongside the 13.37% appreciation as a sign of a robust, high-demand market. By comparing this with the 3.69% rental yield, investors can assess whether the locality aligns with their strategy for long-term capital growth versus immediate cash flow. Always monitor the quarterly price trends, which show a clear upward movement, to time entry points effectively.

Yes, as of June 2026, Charisma Navdurga Apartments leads with a listing rate of ₹26,400 per sq ft, having appreciated by 1.76%. Other notable projects include Sai Sadan Govandi at ₹25,700 per sq ft (1.13% appreciation) and Nidhaan Ankur at ₹25,600 per sq ft (0.61% appreciation). These projects represent the higher end of the current market valuation in Govandi.