Property rates in Grant Road average ₹55,700 per sq ft, reflecting a period of steady growth. The area maintains a strong rental yield of 3.92%, supported by a mix of luxury and established residential options. Investment interest is bolstered by consistent transaction activity, with projects like Aplite Sapphire attracting significant buyer attention. This combination of rising capital values and steady rental returns underscores the area's appeal as a premier residential destination in Mumbai.
Insights for Grant Road, Mumbai Real Estate Market Overview
The real estate market in Grant Road has shown significant momentum, with property values currently averaging ₹55,700 per sq ft. Recent price trends indicate a positive trajectory, supported by a healthy volume of registered transactions that highlight sustained demand. The rental market is equally robust, offering investors a competitive yield of 3.92%, with high-demand configurations like 2 BHK and 3 BHK apartments commanding substantial monthly rents. Development activity remains concentrated among top-tier builders who are successfully delivering projects that cater to both end-users and long-term investors.
Average property rates have climbed to ₹55,700 per sq ft, driven by strong market interest.
Rental yields remain attractive at 3.92%, providing consistent income potential for property owners.
Ready-to-move projects continue to lead the market, with 26 active units available for immediate occupancy.
Top-performing projects such as Aplite Sapphire and Valencia Tower demonstrate the area's high-value appeal.
Government registration data confirms 47 transactions within the recent year, signaling a stable and active market.
Market Strengths
Strong capital appreciation for apartment-style properties, currently growing at 16.55% annually.
A healthy rental yield of 3.92% makes the area attractive for income-focused investors.
Diverse inventory ranging from premium luxury towers to well-established, high-occupancy residential societies.
Consistent transaction activity with 47 registered sales, reflecting deep market liquidity.
Established presence of top-tier developers like the Aplite Group and SB Group ensures quality and project reliability.
Market Challenges
High entry costs in premium locations like Altamount Road may limit the buyer pool for new investors.
The competitive rental market in nearby areas like Tardeo and Gamdevi requires strategic pricing to maintain occupancy.
Limited supply of new project launches can create upward pressure on existing property prices.
Investment Opportunities
Capitalize on a steady 3.92% rental yield by investing in high-demand 2 BHK and 3 BHK apartment units.
Target ready-to-move projects in Grant Road to benefit from immediate rental income potential.
Explore upcoming inventory in well-occupied buildings, which offer stable returns and proven demand.
Leverage the growth in apartment values, which have seen a 16.55% increase, indicating strong potential for long-term capital appreciation.
Price Trend
Grant Road, Mumbai Property Price Trends and Appreciation
Property rates in Grant Road have seen a consistent upward trend, rising from ₹44,500 per sq ft in mid-2025 to the current average of ₹55,700 per sq ft. This steady appreciation reflects growing demand for residential space in the locality. The market has successfully outpaced broader micromarket averages, demonstrating strong value retention and growth.
Grant Road stands at the center of a diverse residential landscape, with nearby localities offering a wide range of price points. Altamount Road commands a premium at ₹1.31 Lakh per sq ft, while Breach Candy remains highly valued at ₹76,550 per sq ft. In contrast, areas like Nagpada and Agripada offer more accessible entry points at approximately ₹35,100 and ₹35,550 per sq ft, respectively. This geographic variety ensures that Grant Road caters to a broad spectrum of real estate investors.
The residential market in Grant Road is primarily dominated by apartments, which currently average ₹55,700 per sq ft. This segment has experienced a notable increase of 16.55% in value, reflecting high demand for quality living spaces. These apartments serve as the cornerstone of the local real estate sector, attracting both domestic and institutional buyers.
Grant Road offers a diverse supply of housing, with ready-to-move projects leading the way with 26 units available at an average of ₹39,750 per sq ft. Well-occupied projects currently account for 14 units, priced at an average of ₹37,550 per sq ft. This variety allows buyers to choose between immediate possession or potential value-add opportunities in a stable residential environment.
Project & Developer Insights
Top Residential Projects and Developers in Grant Road
Top Projectsin Grant Road
LnT Island Cove is the top project in Grant Road with prices from ₹ 6.34 Cr.
LnT Island Cove
₹ 6.34 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.4 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 26 Cr - ₹ 50.68 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
The Wadhwa Group leads in Mumbai with 59 projects and 50 years of experience.
Premium developments in Grant Road define the luxury market, with Shreepati Arcade leading at ₹73,550 per sq ft. Wadhwa Wallace Apartment follows with an asking rate of ₹62,800 per sq ft, while Orbit Heights Tardeo is priced at ₹61,200 per sq ft. Other notable projects like Ghaswalla Tower and Sumer Mahavir Sadan continue to maintain strong market positions, underscoring the area's status as a high-value residential hub.
High-value transactions in Grant Road are anchored by landmark residential projects. Valencia Tower leads with a total value of ₹5.91 Cr, while Aplite Sapphire follows closely with ₹5.51 Cr. Siddhesh Jyoti Tower also contributes significantly to the market turnover with a total value of ₹3.45 Cr, solidifying the importance of these developments in the local economy.
Project Name
Current Price (₹/sq.ft)
Transactions
Change %
Aplite Sapphire, Grant Road
42,250
4
-
Valencia Tower, Zoroastrian Colony
48,200
3
-
Siddhesh Jyoti Tower, Na
31,050
3
-3.6
Navyug Niwas, Na
31,100
1
-
Hormuzd Apartment, Na
30,850
1
-
Buyer preference in Grant Road is clearly reflected in recent transaction volumes. Aplite Sapphire leads the market with 4 registrations, followed by Valencia Tower and Siddhesh Jyoti Tower, which each recorded 3 transactions. This high level of activity in established projects highlights a strong buyer inclination toward trusted developers and well-located properties.
Top projects such as Shankar Sheth Apartment and Valencia Tower command strong rental rates of ₹189 and ₹188 per sq ft, respectively. These projects, along with others like Kamar CHS, maintain a consistent rental performance, highlighting their desirability among tenants in the Grant Road area.
The development landscape in Grant Road is largely shaped by experienced builders who command significant buyer trust. The Aplite Group leads the market with 4 recorded transactions, followed by the SB Group with 3 transactions. Hubtown also maintains a notable presence, collectively representing the most active and reliable developers in the region.
Government Registrations
Government Registration in Grant Road, Mumbai
Government registration data for Grant Road shows 47 transactions totaling ₹87 Cr between June 2025 and May 2026. The registered rate stands at ₹26,850 per sq ft, reflecting active buyer participation. Major developers like the Aplite Group and SB Group have been instrumental in driving these transactions, while projects like Aplite Sapphire and Valencia Tower have emerged as key centers for investment.
Sales Transactions47
Gross Sales Value₹ 87 Cr
Registered Rate₹ 26,850/sq.ft
Rental Trends
Rental Trends and Average Rent in Grant Road, Mumbai
Rental rates for residential apartments in Grant Road are segmented by size, with 2 BHK units averaging ₹1.14 Lakh per month. Larger 3 BHK apartments command a premium, with average monthly rents reaching ₹2.4 Lakh, reflecting the area's demand for spacious luxury living. Rental rates across the micromarket vary, with premium areas like Gamdevi, Tardeo, and Altamount Road all averaging ₹200 per sq ft. Other localities such as Girgaon and Gowalia Tank provide more accessible options at ₹150 per sq ft, showcasing a balanced rental ecosystem. Top projects such as Shankar Sheth Apartment and Valencia Tower command strong rental rates of ₹189 and ₹188 per sq ft, respectively. These projects, along with others like Kamar CHS, maintain a consistent rental performance, highlighting their desirability among tenants in the Grant Road area.
Rental rates for residential apartments in Grant Road are segmented by size, with 2 BHK units averaging ₹1.14 Lakh per month. Larger 3 BHK apartments command a premium, with average monthly rents reaching ₹2.4 Lakh, reflecting the area's demand for spacious luxury living.
Rental rates across the micromarket vary, with premium areas like Gamdevi, Tardeo, and Altamount Road all averaging ₹200 per sq ft. Other localities such as Girgaon and Gowalia Tank provide more accessible options at ₹150 per sq ft, showcasing a balanced rental ecosystem.
Frequently Asked Questions About Property Rates in Grant Road, Mumbai
What is the current average asking price in Grant Road?
As of March 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 and a strong upward trajectory in property values within this prime South Mumbai locality.
How have property prices in Grant Road trended over the last few quarters?
Property prices in Grant Road have shown a consistent upward movement, rising from ₹44,500 per sq ft in June 2025 to ₹55,700 per sq ft as of March 2026. This steady growth trajectory highlights the area's increasing desirability and sustained investor confidence in the local real estate market.
How does the average asking price in Grant Road compare to the Government Registration Rate?
The current average asking price in Grant Road stands at ₹55,700 per sq ft, while the Government Registration Rate is recorded at ₹26,850 per sq ft for the period between June 2025 and May 2026. This difference often reflects the premium commanded by market-driven valuations in established residential hubs compared to base government benchmarks.
What is the price difference between Ready To Move and other property statuses in Grant Road?
As of March 2026, Ready To Move properties in Grant Road command an average price of ₹39,750 per sq ft, having appreciated by 8.3% over the observed period. In contrast, properties categorized as Well Occupied are priced at ₹37,550 per sq ft, reflecting a depreciation of 3.83%, while projects on hold are valued at ₹31,100 per sq ft, showing a 1.03% depreciation.
Which projects in Grant Road have the highest transaction activity?
Aplite Sapphire leads the transaction activity in Grant Road with 4 recorded transactions at a rate of ₹42,250 per sq ft. Other prominent projects include Valencia Tower with 3 transactions at ₹48,200 per sq ft and Siddhesh Jyoti Tower, which recorded 3 transactions at ₹31,050 per sq ft, the latter showing a 3.57% depreciation compared to previous benchmarks.
What is the average rental yield in Grant Road, and what does it signify for investors?
The average rental yield in Grant Road is 3.92% as of March 2026, with an average rental rate of ₹182 per sq ft. This yield provides a stable income benchmark for investors, balancing the capital-intensive nature of property acquisition in this premium locality with consistent rental returns.
How do rental rates vary by BHK configuration in Grant Road?
Rental rates in Grant Road are structured to cater to diverse tenant profiles, with 2 BHK apartments averaging ₹1.14 Lakh per month and 3 BHK apartments averaging ₹2.4 Lakh per month as of March 2026. These rates reflect the premium nature of the locality, offering options for both mid-sized and larger residential requirements.
Which projects in Grant Road command the highest rental rates?
Among the top rental projects in Grant Road, Shankar Sheth Apartment leads with a current rental rate of ₹189 per sq ft, followed closely by Valencia Tower Grant Road at ₹188 per sq ft and Kamar CHS at ₹181 per sq ft. These rates have remained stable as of March 2026, reflecting the consistent demand for high-quality residential spaces in the area.
How do rental rates compare across different neighbourhoods near Grant Road?
Rental rates across neighbourhoods near Grant Road show significant variation, with areas like Gamdevi, Tardeo, Altamount Road, and Kemps Corner all commanding a premium at ₹200 per sq ft. Notably, Kemps Corner has seen a substantial appreciation of 21.15% in rental rates, while Tardeo and Girgaon have also experienced growth of 10.99% and 12.14% respectively, indicating a strengthening rental market in these specific pockets.
Which developers are most active in the Grant Road market?
Aplite Group is currently the most active developer in Grant Road, leading with 4 transactions. They are followed by SB Group with 3 transactions and Hubtown with 1 transaction, highlighting these developers' significant footprint and influence on the local residential supply.
How should a buyer interpret the price trends in Grant Road?
A buyer should interpret the current average asking price of ₹55,700 per sq ft in Grant Road as a reflection of a high-growth market, evidenced by the 16.55% appreciation observed from December 2025 to March 2026. Prospective buyers should weigh this rapid appreciation against their long-term investment horizon and the stability of the project status, such as the 8.3% appreciation seen in Ready To Move units.
How does the price of Shreepati Arcade compare to other premium projects in Grant Road?
Shreepati Arcade is currently one of the most premium listings in Grant Road, with an average rate of ₹73,550 per sq ft as of March 2026. This positions it significantly above the locality average of ₹55,700 per sq ft, reflecting its status as a high-value asset within the local market.
