Property Rates in Govind Nagar, Mumbai 2026

The average asking price in Govind Nagar is significantly higher than the Government Registration Rate of ₹17,750 per sq ft, which reflects data recorded between September 2025 and August 2026. While the registration rate is based on 17 transactions totaling ₹20 Cr during this period, the current market asking price of ₹35,900 per sq ft as of June 2026 suggests a premium over the government-benchmarked values, often seen in established residential pockets.

As of June 2026, the typical monthly rent for a 1 BHK apartment in Govind Nagar is ₹42,000, while a 2 BHK apartment commands an average monthly rent of ₹65,000. These figures provide a clear benchmark for tenants and landlords, reflecting the current residential rental market demand for these specific unit configurations in the area.

The average rental rate for apartments in Govind Nagar is ₹100 per sq ft as of June 2026. This rate has appreciated by 6% compared to the previous period, indicating a healthy increase in rental values that aligns with the broader residential demand observed in the locality.

Property prices in Govind Nagar, currently at ₹35,900 per sq ft as of June 2026, are among the higher-valued areas in the vicinity. For comparison, Mahavir Nagar commands ₹36,450 per sq ft (up 2.36%), Eksar stands at ₹34,950 per sq ft (up 3.38%), and Borivali East is at ₹34,750 per sq ft (up 7.13%). Other nearby areas like Ic Colony at ₹29,200 per sq ft (up 3.32%) and Mandapeshwar at ₹23,900 per sq ft (stable at 0% change) offer varying price points for prospective buyers.

As of June 2026, Ready To Move properties in Govind Nagar are priced at an average of ₹23,550 per sq ft. This rate has remained stable with 0% change, suggesting a consistent pricing environment for buyers seeking immediate possession in the locality.

As of June 2026, top projects by listing rates in Govind Nagar include Balwant CHS at ₹24,800 per sq ft (which has depreciated by 20.65% compared to the previous period), Jay Mayurasan CHS at ₹23,000 per sq ft (up 1.33%), and Mangalam CHS Malad at ₹22,900 per sq ft (up 1.21%). These rates reflect the current market positioning of these specific residential projects within the locality.

Investors should note that rental rates across the surrounding micromarkets are generally stable at ₹100 per sq ft, though some areas show significant growth. For instance, Yogi Nagar has seen a notable appreciation of 24.66% and Babhai Naka has appreciated by 14.63%, while Vazira, despite a lower base rate of ₹50 per sq ft, has seen an appreciation of 22.41% as of June 2026. These variations indicate that while the core rental rate is often anchored at ₹100 per sq ft in many pockets, specific sub-markets are experiencing rapid rental value growth.