Mumbai
Grant Road remains a highly sought-after destination in South Mumbai, balancing high-end residential demand with consistent rental activity. The market has seen fluctuating capital values over the past year, currently settling at an average of ₹49,700 per sq ft. Rental demand is equally robust, driven by a healthy yield of 4.49% and premium monthly rates for larger unit configurations. Recent registration data confirms ongoing transaction activity, providing a clear window into the actual market sentiment for both end-users and investors. The diverse project landscape, ranging from ready-to-move apartments to established residential towers, ensures that the locality caters to a wide spectrum of housing preferences.
The average asking price in Grant Road is ₹49,700 per sq ft as of June 2026. This figure represents a depreciation of 10.77% compared to the previous period, reflecting a recent market adjustment in this premium South Mumbai locality.
Property prices in Grant Road have shown a volatile trajectory, moving from ₹46,050 per sq ft in September 2025 to a peak of ₹55,700 per sq ft in March 2026, before settling at ₹49,700 per sq ft in June 2026. This fluctuation suggests a period of price correction following the high recorded in the first quarter of 2026, which investors and buyers should monitor closely for stabilization.
The current average asking price in Grant Road is ₹49,700 per sq ft, which sits significantly higher than the Government Registration Rate of ₹27,750 per sq ft as of June 2026. This gap between the market-driven asking price and the government-notified rate is common in high-demand, premium urban pockets where property valuation often exceeds official benchmarks.
The rental yield in Grant Road stands at 4.49% as of June 2026, indicating a steady income potential for property owners. When paired with an average rental rate of ₹186 per sq ft, which has appreciated by 2.2% from the prior period, this yield suggests that Grant Road remains a viable market for investors seeking a balance between capital appreciation and recurring rental income.
As of June 2026, rental rates in Grant Road are segmented by size, with 2 BHK apartments commanding an average of ₹1.14 Lakh per month and 3 BHK apartments averaging ₹2.49 Lakh per month. These figures reflect the premium nature of the locality, where larger configurations cater to high-net-worth tenants looking for proximity to South Mumbai's business and lifestyle hubs.
Rental rates vary significantly across the vicinity of Grant Road, with areas like Gamdevi, Tardeo, Babulnath, and Kemps Corner commanding the highest rates at ₹250 per sq ft as of June 2026. In contrast, locations such as Girgaum Chowpatty, Kamathipura, and Girgaon offer more accessible entry points at ₹150 per sq ft, demonstrating the diverse rental landscape within this micromarket.
As of June 2026, Wadhwa Wallace Apartment leads the market with a listing rate of ₹65,100 per sq ft, having seen a depreciation of 2.08% compared to the previous period. Other premium projects include Shri Ratan Luxuria Ratan Annex at ₹53,750 per sq ft, which has experienced a significant appreciation of 67.72%, and Orbit Heights Tardeo at ₹53,250 per sq ft, which recorded a depreciation of 13%.
Ready To Move property in Grant Road is currently priced at an average of ₹38,850 per sq ft as of June 2026, which represents a depreciation of 2.73% from the previous period. Meanwhile, projects categorized as 'Well Occupied' are priced at ₹32,850 per sq ft (a 16.2% depreciation), and properties marked as 'Project On Hold' are priced at ₹33,050 per sq ft, showing an appreciation of 4.09%.
Buyers should note that Grant Road's average of ₹49,700 per sq ft is positioned lower than ultra-premium neighbouring areas like Papanas Wadi at ₹1.21 Lakh per sq ft and Altamount Road at ₹1.35 Lakh per sq ft as of June 2026. However, it remains more expensive than areas like Nagpada at ₹35,050 per sq ft, allowing buyers to choose between different price tiers based on their budget and preference for specific South Mumbai micro-locations.
Top projects for rent in Grant Road, such as Shankar Sheth Apartment and Valencia Tower Grant Road, both command a current rental rate of ₹188-₹189 per sq ft as of June 2026. These projects have maintained stable rental pricing with 0% change, indicating consistent demand for well-maintained residential stock in the area, which serves as a reliable benchmark for landlords and prospective tenants.
