Property Rates in Grant Road, Mumbai 2026

As of September 2026, the average asking price in Grant Road is ₹49,700 per sq ft, while the Government Registration Rate stands at ₹27,750 per sq ft. This gap between the market-driven asking price and the government-notified rate is a key metric for buyers to consider when evaluating the total cost of acquisition, including stamp duty and registration fees.

The rental yield in Grant Road is 4.49% as of September 2026. For investors, this yield serves as a critical indicator of potential annual rental income relative to the capital invested in a property. With an average rental rate of ₹186 per sq ft, which has appreciated by 2.2% compared to the previous period, the locality offers a balanced profile for those looking to combine long-term capital appreciation with steady rental returns.

As of September 2026, the rental market in Grant Road shows distinct pricing for different apartment sizes. A 2 BHK apartment commands an average rent of ₹1.14 Lakh per month, while a 3 BHK apartment is typically available at an average rent of ₹2.49 Lakh per month. These figures help tenants and landlords understand the premium associated with larger living spaces in this prime South Mumbai location.

As of September 2026, premium rental projects in Grant Road include Shankar Sheth Apartment at ₹189 per sq ft, Valencia Tower Grant Road at ₹188 per sq ft, and Kamar CHS at ₹181 per sq ft. These projects currently maintain stable rental rates with a 0% change compared to the previous period, reflecting consistent demand for well-maintained residential complexes in the area.

The price trend in Grant Road has shown a mixed trajectory leading up to September 2026. While the average asking price was ₹55,700 per sq ft in March 2026, it adjusted to ₹49,700 per sq ft by June 2026. This movement highlights the importance of monitoring quarterly data to understand the shifting dynamics between buyer expectations and seller pricing in the local market.

As of September 2026, Ready To Move properties in Grant Road are priced at an average of ₹38,850 per sq ft, which reflects a depreciation of 2.73% compared to the previous period. In comparison, projects currently on hold are priced at ₹33,050 per sq ft, having appreciated by 4.09% over the same timeframe. This data suggests that buyers seeking immediate possession are navigating a market that has seen a slight softening in prices for finished inventory.

Rental rates vary significantly across the vicinity of Grant Road as of September 2026. Areas like Gamdevi, Tardeo, Babulnath, and Kemps Corner command a premium rental rate of ₹250 per sq ft. In contrast, locations such as Girgaum Chowpatty, Kamathipura, and Girgaon are more accessible with an average rental rate of ₹150 per sq ft. These variations allow renters to choose a neighbourhood that aligns with both their lifestyle preferences and budget constraints.

As of September 2026, Wadhwa Wallace Apartment is among the top projects in Grant Road with a listing rate of ₹65,100 per sq ft, which has depreciated by 2.08% compared to the previous period. Other high-value projects include Shri Ratan Luxuria Ratan Annex at ₹53,750 per sq ft, which has seen a significant appreciation of 67.72%, and Orbit Heights Tardeo at ₹53,250 per sq ft, which has depreciated by 13% over the same period.

Buyers should use the property rates data for Grant Road to benchmark their purchase decisions against current market realities as of September 2026. By comparing the average asking price of ₹49,700 per sq ft with project-specific rates and the Government Registration Rate of ₹27,750 per sq ft, investors can identify whether a property is priced competitively. Additionally, observing the status-wise pricing and quarterly trends helps in understanding whether the market is currently favoring buyers or sellers.