Gulmohar Road in Mumbai presents a dynamic real estate market with an average asking price of ₹57,881 per sq ft for apartments. While registration rates are currently not specified, the property market shows a slight upward trend in asking prices over the past few quarters. The rental market in Gulmohar Road is active, with an average rental rate of ₹132 per sq ft across various property types. Notable sub-locations like Juhu command higher rental rates, indicating varied demand across the area. While specific top projects and developer data are not detailed here, the overall market offers a blend of established and developing areas for property investment.
The Gulmohar Road real estate market is currently priced at an average of ₹57,881 per sq ft for apartments, reflecting a steady demand. Price trends indicate a consistent, albeit modest, increase over the past few quarters, with the latest quarter showing a slight uptick. The rental landscape is diverse, with an average rental rate of ₹132 per sq ft across Gulmohar Road. Sub-localities like Juhu stand out with higher rental averages, while others such as Gulmohar Colony show significant year-on-year decreases. The market also sees varied performance in nearby areas, with Juhu experiencing a 3.62% increase and Vile Parle West seeing a substantial 13.18% rise in property rates, suggesting broader regional market influences. Property types in Gulmohar Road, particularly apartments, have seen a marginal increase of 0.27% in their average prices.
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The asking price for properties in Gulmohar Road has seen a gradual increase over the recent quarters. Starting from ₹56,985 per sq ft in June 2025, the rates have climbed to ₹57,881 per sq ft by March 2026. This upward movement, though modest, suggests a strengthening property market.
Apartments in Gulmohar Road are the primary property type analyzed, with an average price of ₹57,881 per sq ft. This segment has experienced a slight positive change of 0.27%, indicating stable demand and value appreciation for residential apartments in the area.
Gulmohar Road's property values are influenced by its neighboring locales. Juhu commands the highest average rate at ₹61,083 per sq ft, showcasing a premium segment. Meanwhile, Vile Parle West offers a more accessible entry point at ₹49,886 per sq ft, with notable growth. Other areas like Ambivali and Juhu Road present different price points, with rates around ₹40,060 and ₹45,398 per sq ft respectively, indicating a diverse range of investment opportunities across the vicinity.
As of March 2026, the average asking price in Gulmohar Road, Mumbai, stands at ₹57,881 per sq ft. This represents a slight appreciation of 0.27% from December 2025, when the average asking price was ₹57,726 per sq ft. This stable growth suggests consistent demand and market confidence in the locality.
Property prices in Gulmohar Road, Mumbai, have shown a generally upward trend over the past year. From June 2025 to March 2026, the average asking price for the locality increased from ₹56,985 per sq ft to ₹57,881 per sq ft. While there was a minor dip between September and December 2025, the overall trajectory indicates a positive movement, suggesting a strengthening market.
As of March 2026, the average asking price in Gulmohar Road, Mumbai, is ₹57,881 per sq ft. The provided data indicates that the Government Registration Rate for this locality is ₹0 per sq ft. This significant difference highlights that the asking prices are set by the market and sellers, while the government registration rate, in this instance, is not reflecting market values.
Property rates in Gulmohar Road, Mumbai, at ₹57,881 per sq ft as of March 2026, are higher than some surrounding micromarkets. For instance, Chakala has an average rate of ₹34,227 per sq ft, and Amboli is at ₹35,245 per sq ft. However, Juhu, a prominent nearby locality, commands a higher average rate of ₹61,083 per sq ft. Vile Parle West shows a significant appreciation, reaching ₹49,886 per sq ft.
As of March 2026, the average price for apartments in Gulmohar Road, Mumbai, is ₹57,881 per sq ft. This segment has experienced a modest appreciation of 0.27% from December 2025, indicating steady demand for apartment living in the area.
Rental rates in the broader Gulmohar Road area vary significantly by neighbourhood as of March 2026. Juhu offers the highest average rental rate at ₹166 per sq ft, followed closely by Irla at ₹168 per sq ft and Munshi Nagar at ₹162 per sq ft. Conversely, areas like Tepgaon at ₹107 per sq ft and Vithal Nagar at ₹108 per sq ft are more budget-friendly for renters.
The provided data indicates that the rental yield for Gulmohar Road, Mumbai, is 'NA' (Not Available). Without a specific rental yield figure, it is challenging to directly assess the income-generating potential relative to property values for investors in this specific locality based on this dataset.
Rental rates in Gulmohar Road, Mumbai, have seen mixed movements in recent periods. Gulmohar Colony experienced a significant depreciation of 41.71% from its previous rate, now standing at ₹116 per sq ft as of March 2026. Other areas like Tepgaon (-3.6%) and Dn Nagar (-3.42%) have also seen slight decreases, while Juhu's rental rate has remained stable at ₹166 per sq ft.
Among the micromarkets around Gulmohar Road, Mumbai, Juhu and Irla command the highest rental rates, both averaging around ₹166-₹168 per sq ft as of March 2026. In contrast, Tepgaon and Vithal Nagar show the lowest rental rates, with averages of ₹107 per sq ft and ₹108 per sq ft, respectively. This suggests a premium for properties in well-established or prime residential areas.
As of March 2026, the average asking price in Gulmohar Road, Mumbai, is ₹57,881 per sq ft, showing a slight appreciation of 0.27% from December 2025. While this indicates a stable market for end-users, the lack of specific rental yield data makes it difficult to definitively assess the investment attractiveness based solely on income generation. However, the consistent price trend may appeal to long-term capital appreciation investors.
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