Property rates in Grant Road average ₹55,700 per sq ft, reflecting a dynamic market environment for residential buyers. The area benefits from a robust rental yield of 3.92%, making it an attractive destination for investors seeking steady returns. With a mix of established buildings and high-value projects like Shreepati Arcade, the locality continues to command premium status in Mumbai South while maintaining active interest across both ready-to-move and developing segments.
Insights for Grant Road, Mumbai Real Estate Market Overview
The real estate market in Grant Road displays significant maturity, characterized by a high average asking price and strong rental demand. Price trends have shown fluctuations over the past year, yet the area remains a highly sought-after destination due to its central location and connectivity. Rental activity remains healthy, with yields providing a solid foundation for long-term investors. Government registration data confirms consistent transaction momentum, highlighting the area's ongoing relevance in Mumbai's competitive property landscape.
Average asking prices currently stand at ₹55,700 per sq ft, providing a clear benchmark for buyers.
Rental yields reach 3.92%, supported by varied demand for 2 and 3 BHK apartment configurations.
Ready-to-move projects like Shreepati Arcade and Wadhwa Wallace Apartment continue to lead the market in listing rates.
Registration data for the period spanning Sep 25 to Aug 26 records 32 transactions with a gross value of ₹59 Cr.
Nearby localities such as Altamount Road and Girgaon demonstrate significant year-on-year growth, impacting the broader micro-market dynamics.
Market Strengths
Strong rental appeal with an average of ₹182 per sq ft across the locality.
Diverse residential options ranging from ₹31,750 per sq ft to over ₹70,000 per sq ft.
Robust government registration activity with 32 transactions recorded in a single year.
High-end luxury projects like Altamount Road and Breach Candy anchor the market's premium value.
Positive growth trends in ready-to-move projects, showing an 8.87% increase in value.
Market Challenges
The apartment segment has experienced a price adjustment of -10.77% over the recent period.
Certain established neighborhoods like Kemps Corner have seen significant price corrections of -31.13%.
Rental rates in specific areas like Girgaum Chowpatty have recorded a decline of -10.92%.
Investment Opportunities
Rental yields of 3.92% offer a compelling case for buy-to-let investors in the residential segment.
The 2 BHK apartment segment maintains steady demand with average monthly rents of ₹1.14 Lakh.
Strategic entry into ready-to-move projects at ₹39,950 per sq ft allows for immediate rental income generation.
High-growth projects like Valencia Tower demonstrate significant capital appreciation potential for long-term holders.
Price Trend
Grant Road, Mumbai Property Price Trends and Appreciation
The market in Grant Road has navigated recent quarters with notable price adjustments, moving from ₹46,050 per sq ft in September 2025 to a current average of ₹55,700 per sq ft. This upward trajectory highlights the sustained demand for properties in this prime location. The micromarket has similarly experienced growth, rising from ₹46,200 per sq ft to ₹46,350 per sq ft over the same timeframe, indicating a stable and maturing investment climate.
Grant Road is surrounded by some of Mumbai's most prestigious and high-value neighborhoods, each contributing to the area's overall market appeal. Altamount Road commands a premium at ₹1.31 Lakh per sq ft, reflecting its status as a luxury enclave, while Girgaon follows at ₹1.16 Lakh per sq ft. Gamdevi and Breach Candy also hold strong positions, with average rates of ₹84,050 and ₹76,550 per sq ft respectively. In contrast, areas like Nagpada and Agripada provide more accessible options, currently priced at ₹35,100 and ₹35,550 per sq ft, offering a diverse range of entry points for buyers.
The residential market in Grant Road is primarily defined by its apartment segment, which caters to a wide range of buyer needs. Currently, apartments average ₹49,700 per sq ft, reflecting a market adjustment of -10.77% which creates unique opportunities for value-conscious investors. This segment remains the cornerstone of local real estate, offering prospective residents a blend of accessibility and premium living standards.
Grant Road offers a well-structured supply of properties catering to different timelines and buyer goals. Ready-to-move inventory is a primary focus, with 34 available units averaging ₹39,950 per sq ft, showing a positive growth of 8.87%. Well-occupied projects add to the market's stability with 6 units at ₹39,200 per sq ft, while a limited supply of projects on hold provides a clear picture of current development priorities.
Project & Developer Insights
Top Residential Projects and Developers in Grant Road
Top Projectsin Grant Road
Godrej Trilogy is the top project in Grant Road with prices from ₹ 18.89 Cr to 29.96 Cr.
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 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
₹ 30.69 Cr - ₹ 59.84 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 60 projects and 50 years of experience.
Premium residential developments in Grant Road define the luxury segment, setting high-value benchmarks for the locality. Shreepati Arcade leads with an asking price of ₹73,550 per sq ft, while Wadhwa Wallace Apartment follows at ₹66,500 per sq ft with a notable 7.17% growth. Other key projects such as Orbit Heights Tardeo, Universal Heights, and Valencia Tower Grant Road offer varied price points, with Valencia Tower showing an impressive 55.35% growth, reflecting intense buyer interest and rising demand for quality housing.
Top-tier projects are leading the rental segment, with Shankar Sheth Apartment and Valencia Tower Grant Road both achieving average rental rates of ₹200 per sq ft. These projects continue to attract tenants seeking well-maintained residential spaces in prime locations.
Government Registrations
Government Registration in Grant Road, Mumbai
Official registration data for the period between September 2025 and August 2026 highlights a vibrant transaction environment in Grant Road. The market successfully completed 32 transactions, reaching a total gross value of ₹59 Cr. With registered rates averaging ₹26,850 per sq ft, the data underscores a steady flow of property transfers and strong market confidence among buyers during this cycle.
Sales Transactions32
Gross Sales Value₹ 59 Cr
Registered Rate₹ 26,850/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Grant Road, Mumbai
The rental market offers diverse choices, with 2 BHK apartments averaging ₹1.14 Lakh per month and 3 BHK units commanding ₹2.49 Lakh per month. These rates reflect the premium nature of residential housing in Grant Road, catering to both mid-sized and larger family requirements. Rental rates vary significantly across the micro-market, with Babulnath and Gamdevi commanding high rents of ₹250 per sq ft. Meanwhile, locations like Dalal Estate and Girgaon offer more moderate rental options at approximately ₹150 per sq ft, providing flexibility for tenants. Apartments in Grant Road remain the preferred property type for tenants, with average rental rates of ₹200 per sq ft. This segment has shown a steady annual growth of 2.2%, indicating consistent demand for rental accommodation in the locality. Top-tier projects are leading the rental segment, with Shankar Sheth Apartment and Valencia Tower Grant Road both achieving average rental rates of ₹200 per sq ft. These projects continue to attract tenants seeking well-maintained residential spaces in prime locations.
The rental market offers diverse choices, with 2 BHK apartments averaging ₹1.14 Lakh per month and 3 BHK units commanding ₹2.49 Lakh per month. These rates reflect the premium nature of residential housing in Grant Road, catering to both mid-sized and larger family requirements.
Rental rates vary significantly across the micro-market, with Babulnath and Gamdevi commanding high rents of ₹250 per sq ft. Meanwhile, locations like Dalal Estate and Girgaon offer more moderate rental options at approximately ₹150 per sq ft, providing flexibility for tenants.
Apartments in Grant Road remain the preferred property type for tenants, with average rental rates of ₹200 per sq ft. This segment has shown a steady annual growth of 2.2%, indicating consistent demand for rental accommodation in the locality.
Frequently Asked Questions About Property Rates in Grant Road, Mumbai
What is the current average asking price in Grant Road?
As of June 2026, the average asking price in Grant Road stands at ₹55,700 per sq ft. This figure reflects a significant appreciation of 16.55% compared to previous periods, indicating robust demand and strong investor confidence in this prime South Mumbai locality.
How do property rates in Grant Road compare to the Government Registration Rate?
The average asking price in Grant Road is ₹55,700 per sq ft, which is 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-notified rate is common in premium, high-demand urban markets where property valuations often exceed base registration benchmarks.
What is the recent price trend in Grant Road?
The property rates in Grant Road have shown a dynamic trajectory, moving from ₹46,050 per sq ft in September 2025 to ₹55,700 per sq ft by March 2026, before adjusting to ₹49,700 per sq ft in June 2026. This fluctuation reflects the premium nature of the real estate market in the area, where prices are influenced by limited inventory and high-value project launches.
How do rental rates vary for different apartment configurations in Grant Road?
In Grant Road, rental rates are segmented 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 rates cater to a premium tenant profile, reflecting the high capital values and the central location of the neighbourhood.
What is the average rental yield in Grant Road and why does it matter for investors?
The average rental yield in Grant Road is 3.92% as of June 2026, a key metric that helps investors assess the income-generating potential of their property relative to its purchase price. A yield of this nature in a prime area like South Mumbai suggests a balanced approach to capital appreciation and steady rental income, making it an attractive proposition for long-term real estate investors.
Which projects in Grant Road command the highest rental rates?
As of June 2026, premium projects such as 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 lead the rental market in Grant Road. These projects maintain their top-tier status due to their strategic location and modern amenities, which continue to attract high-end tenants seeking convenience in the heart of the city.
How do rental rates compare across neighbourhoods near Grant Road?
Rental rates in the vicinity of Grant Road vary significantly, with Babulnath and Gamdevi commanding the highest rates at ₹250 per sq ft as of June 2026. Other areas like Tardeo and Peddar Road follow at ₹200 per sq ft, while localities like Girgaon and Kamathipura offer more accessible options at ₹150 per sq ft, providing a diverse range of rental choices for different tenant budgets.
What is the price difference between Ready To Move and other property statuses in Grant Road?
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% over the observed period. In comparison, Well Occupied properties are priced at ₹39,200 per sq ft with a marginal appreciation of 0.41%, while projects on hold are priced at ₹31,750 per sq ft, showing a 1.11% appreciation.
How do property rates in Grant Road compare to nearby localities?
Property rates vary widely across the South Mumbai micro-market; for instance, Altamount Road commands a premium average rate of ₹1.31 Lakh per sq ft, while Nagpada is more competitively priced at ₹35,100 per sq ft as of June 2026. These variations highlight the distinct micro-market characteristics, where factors like proximity to business hubs and historical prestige significantly influence the per-square-foot valuation.
What does the listing rate of top projects in Grant Road indicate?
The listing rates for top projects in Grant Road, such as Shreepati Arcade at ₹73,550 per sq ft and Wadhwa Wallace Apartment at ₹66,500 per sq ft as of June 2026, demonstrate the premium valuation of high-rise residential developments in the area. While some projects like Valencia Tower Grant Road have seen sharp appreciation (55.35% compared to previous periods), others have remained stable, reflecting a diverse investment landscape where project-specific factors drive pricing.
