Property Rates in Govandi, Mumbai

Govandi's real estate market primarily caters to the apartment segment, which is currently driving market activity. Apartments in the area command an average price of ₹24,410 per sq ft, demonstrating robust growth with a 9.7% increase. This positive trend underscores the strong demand and investment appeal for multi-unit residential properties in Govandi.

The Govandi market offers properties across various development stages, catering to different buyer needs and timelines. Ready To Move units, comprising 12 properties, average ₹22,876 per sq ft, though they have seen a slight decrease of 2.95%. Well Occupied properties, with 7 units, are priced at ₹22,123 per sq ft, experiencing a 3.39% decline. Additionally, Partially Ready To Move projects, offering 2 units, average ₹21,505 per sq ft with a marginal 0.29% decrease. This diverse supply ensures options for immediate possession or those seeking properties in various stages of completion.

Within Govandi, property rates vary significantly across its sub-localities, offering diverse options for buyers. Govandi East and Deonar currently command the highest average rates at ₹38,330 per sq ft, reflecting their premium positioning. In contrast, Mankhurd presents a more affordable entry point, averaging ₹18,023 per sq ft. Subhash Nagar is priced at ₹23,793 per sq ft, showing a modest 1.14% increase, while Pant Nagar stands out with a remarkable 16.56% price appreciation, reaching ₹30,656 per sq ft. Meanwhile, Tilak Nagar has experienced a notable decrease of 10.19%, with rates at ₹25,887 per sq ft, indicating localized market corrections.