Property Rates in Grant Road, Mumbai 2026

The average asking price in Grant Road is ₹55,700 per sq ft, which sits notably higher than the Government Registration Rate of ₹25,050 per sq ft recorded for the period between August 2025 and July 2026. This gap is common in prime urban markets, where market-driven valuations for high-end residential apartments often exceed the baseline registration values used for stamp duty calculations.

The property market in Grant Road has shown a clear upward trajectory in recent quarters. Data from December 2025 indicated an average rate of ₹47,800 per sq ft, which climbed to ₹55,700 per sq ft by March 2026, demonstrating resilient growth and high demand for residential space in the area.

The average rental rate in Grant Road is currently ₹182 per sq ft as of June 2026, with rental yields reaching 3.92%. This yield is a key metric for investors, indicating the annual return on investment relative to the property's capital value, making it an important consideration for those looking to balance rental income with long-term asset appreciation.

As of June 2026, rental rates in Grant Road vary by configuration: 2 BHK apartments command an average of ₹1.14 Lakh per month, while 3 BHK apartments are typically priced at ₹2.4 Lakh per month. These rates provide a clear benchmark for tenants and landlords, reflecting the premium nature of the residential apartment stock in this locality.

Several surrounding areas command premium rental rates of ₹200 per sq ft as of June 2026, including Gamdevi, Tardeo, Altamount Road, and Kemps Corner. Among these, Kemps Corner has seen a notable rental appreciation of 21.15%, while Tardeo experienced a 10.99% increase, highlighting the strong rental demand across these established South Mumbai micromarkets.

As of June 2026, Ready To Move properties in Grant Road are priced at an average of ₹39,750 per sq ft, which has appreciated by 8.3% compared to previous cycles. In contrast, Well Occupied properties are priced at ₹37,550 per sq ft, showing a depreciation of 3.83%, while projects on hold are valued at ₹31,100 per sq ft, reflecting a 1.03% depreciation.

Aplite Sapphire leads the transaction activity in Grant Road with 4 recorded transactions at an average rate of ₹42,250 per sq ft. Other active projects include Valencia Tower with 3 transactions at ₹48,200 per sq ft and Siddhesh Jyoti Tower, which also recorded 3 transactions at ₹31,050 per sq ft, the latter showing a 3.57% depreciation compared to earlier periods.

Aplite Group is currently the most active developer in Grant Road, leading with 4 transactions, followed by SB Group with 3 transactions. These developers are instrumental in shaping the current residential landscape of the locality, as evidenced by their project-level transaction volumes.

As of June 2026, Shreepati Arcade is among the most premium projects in Grant Road with a listing rate of ₹73,550 per sq ft. Other high-value projects include Wadhwa Wallace Apartment at ₹62,800 per sq ft (which appreciated by 1.2%) and Orbit Heights Tardeo at ₹61,200 per sq ft, which saw a 1.21% depreciation.

The rental yield of 3.92% in Grant Road as of June 2026 serves as a vital indicator for investors to assess the income-generating potential of their property. When compared to the high capital values in the area, this yield helps investors determine whether a property serves better as a long-term capital appreciation asset or a reliable source of monthly rental income.

Rental rates in Grant Road vary by project, with Shankar Sheth Apartment and Valencia Tower Grant Road both commanding ₹200 per sq ft in their respective micromarkets as of June 2026. These premium projects offer higher rental potential compared to others like Navjivan CHS Mumbai Central, which sits at ₹100 per sq ft, reflecting the influence of project amenities and building quality on rental pricing.