Mumbai
The real estate market in Grant Road demonstrates a blend of premium residential offerings and consistent transactional activity. Price trends show significant movement, with rates reaching ₹55,700 per sq ft as of early 2026, supported by a healthy supply of ready-to-move projects. The rental sector remains robust, providing competitive yields and a variety of configurations for tenants. Official registration data underscores the area's popularity, confirming its status as a key investment hub in Mumbai.
As of June 2026, the average asking price in Grant Road is ₹55,700 per sq ft. This figure reflects a significant appreciation of 16.55% compared to previous periods, indicating robust demand for residential properties in this prime South Mumbai locality.
The average asking price in Grant Road is ₹55,700 per sq ft, which sits notably higher than the Government Registration Rate of ₹26,850 per sq ft recorded between September 2025 and August 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is common in premium urban pockets where property values are driven by high demand and limited supply.
Property rates in Grant Road have shown a dynamic trajectory, with the location rate moving from ₹47,800 per sq ft in December 2025 to ₹55,700 per sq ft in March 2026, before settling at ₹49,700 per sq ft as of June 2026. This fluctuation suggests a market responding to shifting inventory levels and buyer sentiment, highlighting the importance of monitoring quarterly data for timely investment decisions.
The average rental rate in Grant Road is ₹182 per sq ft as of June 2026, with rates remaining stable at 0% change over the observed period. Investors currently benefit from a rental yield of 3.92%, which serves as a key indicator of the income-generating potential of residential assets in this area relative to their capital purchase price.
Rental patterns in Grant Road vary significantly by unit size, with 2 BHK apartments commanding an average of ₹1.14 Lakh per month and 3 BHK apartments averaging ₹2.49 Lakh per month as of June 2026. These figures provide a clear benchmark for tenants and landlords, reflecting the premium nature of the locality and the specific demand for larger, well-located living spaces.
Rental rates vary across the vicinity of Grant Road, with Babulnath and Gamdevi both commanding premium rental averages of ₹250 per sq ft as of June 2026. Notably, Babulnath has seen a substantial appreciation of 63.4% and Gamdevi an appreciation of 31.82% compared to earlier periods, underscoring the high desirability of these specific pockets within the South Mumbai region.
As of June 2026, Ready To Move properties in Grant Road are priced at an average of ₹39,950 per sq ft, having appreciated by 8.87% compared to previous periods. Meanwhile, Well Occupied projects are priced at ₹39,200 per sq ft with a marginal appreciation of 0.41%, and projects currently on hold are valued at ₹31,750 per sq ft, showing a slight appreciation of 1.11%.
Shreepati Arcade currently leads with a listing rate of ₹73,550 per sq ft as of June 2026, showing price stability at 0% change. Other premium projects include Wadhwa Wallace Apartment at ₹66,500 per sq ft (which appreciated by 7.17%) and Orbit Heights Tardeo at ₹61,200 per sq ft (which depreciated by 1.21% compared to previous periods).
A rental yield of 3.92% as of June 2026 indicates the annual rental income an investor can expect relative to the property's market value in Grant Road. For potential investors, this yield is a critical metric to evaluate the efficiency of a property as an income-generating asset, especially when weighed against the current average asking price of ₹55,700 per sq ft.
Price depreciation, such as the 1.21% decrease seen in Orbit Heights Tardeo or the 2.88% decrease in Siddhesh Deep CHS as of June 2026, often reflects a market correction or a shift in seller expectations within specific micro-segments. Buyers should view these trends as opportunities to negotiate or as signals to assess whether the price adjustment aligns with the project's long-term value and current market conditions.
