Property Rates in Gulmohar Road, Mumbai

Gulmohar Road in Mumbai presents a robust real estate landscape, marked by its premium asking prices and positive growth trends. The average asking price stands at ₹57,885 per sq ft, positioning it as a high-value residential destination. Over the past few quarters, property rates have steadily climbed, moving from ₹56,950 per sq ft in September 2025 to ₹57,726 per sq ft by December 2025, suggesting sustained buyer interest and market confidence. This growth is particularly significant given the broader micromarket's more modest rate of around ₹21,180 per sq ft, highlighting Gulmohar Road's distinct premium. Nearby areas like Juhu command an even higher average of ₹61,323 per sq ft, while Vile Parle West offers properties at a comparatively lower ₹49,939 per sq ft, indicating Gulmohar Road's competitive yet elevated standing within the region. The market is predominantly characterized by apartment properties, which are currently priced at the overall average of ₹57,885 per sq ft and have experienced a slight positive change of 0.28%. Although specific project and developer data, as well as rental and registration statistics, are not detailed for this period, the consistent appreciation in asking prices underscores Gulmohar Road's appeal for both residents and potential investors.