IC Colony in Mumbai presents a dynamic real estate market with an average asking price of ₹29,188 per sq ft. The property landscape is dominated by apartments, with a notable upward trend in prices observed over recent quarters. For investors, the average rental rate stands at ₹63 per sq ft, offering a rental yield of 2.59%, indicating a steady income potential. The market shows a healthy mix of property statuses, from Ready To Move units to Under Construction projects, catering to diverse buyer needs.
The IC Colony real estate market in Mumbai showcases a consistent upward trajectory in property values, with an average asking price of ₹29,188 per sq ft. Recent quarterly trends indicate positive price movements, with prices expected to continue their ascent into early 2026. Apartments are the primary property type, reflecting the area's demand for residential living. Rental yields are attractive at 2.59%, with average rents at ₹63 per sq ft, offering a stable income stream for investors. Studio apartments rent for an average of ₹17,000 per month, while 2 BHK and 3 BHK units command ₹45,577 and ₹60,000 per month, respectively. Government registration data highlights significant market activity, with 110 transactions totaling ₹151 Cr between May 2025 and April 2026, at an average registered rate of ₹19,450 per sq ft.
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The asking prices in IC Colony have shown a fluctuating trend over the past few quarters. While prices dipped slightly in September 2025 to ₹30,009 per sq ft from the previous quarter, they are projected to rise to ₹28,250 per sq ft by December 2025 and further to ₹29,188 per sq ft by March 2026. These projections suggest a period of recovery and growth in the local property market.
Apartments are the predominant property type in IC Colony, with an average price of ₹29,188 per sq ft. This segment has seen a positive change of 3.32%, indicating steady demand and value appreciation for apartment living in the area.
IC Colony's property market offers a range of options across different construction stages. Ready To Move properties, numbering 18 units, are priced at ₹25,167 per sq ft with a 4.7% increase. Under Construction projects, comprising 3 units, average ₹24,416 per sq ft, showing a modest 0.93% rise. New Launch properties, with 1 unit available, are priced at ₹24,394 per sq ft, reflecting recent market entries.
IC Colony's real estate values are influenced by its surrounding micro-markets. Eksar stands out with an average rate of ₹34,972 per sq ft, marking a significant 21.72% increase. Borivali West commands an average of ₹31,281 per sq ft with a 3.11% rise, while Shimpoli offers properties at ₹33,590 per sq ft, up by 4.1%. Other notable areas like Yogi Nagar and Vazira are priced around ₹26,153 and ₹26,644 per sq ft respectively, indicating a diverse price spectrum across the locality.
Premium residential projects in IC Colony are attracting significant attention, with several developments showcasing robust pricing and growth. Vrishi Complex leads with a rate of ₹32,432 per sq ft, while Navkar Yellow Roses is priced at ₹31,078 per sq ft, having seen a 2.04% increase. Esperanca Apartment is also notable at ₹30,723 per sq ft, with an impressive 28.88% rise, indicating strong investor confidence in these high-value properties.
Among the top rental projects in IC Colony, Casa Baylord leads with a rate of ₹96 per sq ft. Om Sadguru CHS and Navkar Happy Homes follow, priced at ₹85 and ₹74 per sq ft respectively. Mhatre Tower and Esperanca Apartment are also popular choices, with rental rates of ₹73 and ₹72 per sq ft, indicating a range of rental options within established communities.
IC Colony has witnessed substantial real estate transaction activity, with 110 registrations recorded between May 2025 and April 2026, accumulating a gross value of ₹151 Cr. The average registered rate during this period stood at ₹19,450 per sq ft, reflecting the grounded value of properties transacted.
Rental rates in IC Colony vary significantly by BHK configuration. Studio apartments are available for approximately ₹17,000 per month. Mid-sized 2 BHK apartments command an average rent of ₹45,577 per month, while larger 3 BHK units are fetching ₹60,000 per month, indicating a clear demand for more spacious homes.
Rental rates across IC Colony's sub-locations show variation. Kandarpada and Dahisar West offer more affordable options with average rates of ₹64 and ₹65 per sq ft respectively, though Kandarpada has seen a -8.57% change. Mandapeshwar and Eksar are priced higher at ₹77 and ₹75 per sq ft, with Yogi Nagar also featuring prominently at ₹73 per sq ft.
Apartments are the primary focus in IC Colony's rental market, averaging ₹63 per sq ft. However, this segment has experienced a notable decrease of -13.7% in average rental rates, suggesting a shift or adjustment in demand within the apartment rental sector.
As of March 2026, the average asking price in IC Colony stands at ₹29,188 per sq ft. This represents a notable appreciation of 3.32% from the previous period, indicating a positive trend in property values within the locality.
Property prices in IC Colony have shown some fluctuation. From ₹30,009 per sq ft in September 2025, the average location rate decreased to ₹28,250 per sq ft by December 2025. However, it then saw an increase to ₹29,188 per sq ft as of March 2026, suggesting a recent upward correction after a dip.
As of March 2026, the average asking price in IC Colony is ₹29,188 per sq ft. This is lower than the micromarket rate of ₹34,893 per sq ft for the same period. This difference suggests that while IC Colony itself has a certain price point, the broader micromarket it belongs to commands higher rates, potentially due to premium pockets or different property types within that area.
As of March 2026, the average asking price for apartments in IC Colony is ₹29,188 per sq ft. This segment has experienced an appreciation of 3.32% over the recent period, reflecting steady demand for apartment living in the area.
In IC Colony, property prices differ by status as of March 2026. 'Ready To Move' properties are priced at an average of ₹25,167 per sq ft, showing a 4.7% appreciation. 'Well Occupied' properties are slightly higher at ₹26,728 per sq ft, though they have seen a slight depreciation of -0.54%. 'Under Construction' properties are available at ₹24,416 per sq ft with a 0.93% increase, and 'New Launch' properties are priced at ₹24,394 per sq ft, appreciating by 4.18%.
As of March 2026, projects in IC Colony with the highest listing rates include Vrishi Complex at ₹32,432 per sq ft, followed by Navkar Yellow Roses at ₹31,078 per sq ft, and Evershine Residency at ₹30,842 per sq ft. Esperanca Apartment also features prominently with a listing rate of ₹30,723 per sq ft, which has seen a significant appreciation of 28.88%.
The Government Registration Rate in IC Colony is listed as ₹0 per sq ft, with a transaction count of 110 and a gross value of ₹151 Cr recorded between May 2025 and April 2026. This is significantly lower than the average asking price of ₹29,188 per sq ft as of March 2026. The registered rate of ₹19,450 per sq ft during the same period indicates a substantial difference between market asking prices and official transaction values.
The average rental rate in IC Colony is ₹63 per sq ft as of March 2026. With an average rental yield of 2.59%, this indicates the potential return on investment for property owners through rental income relative to the property's capital value. A yield of 2.59% suggests that rental income constitutes a modest portion of the overall return compared to capital appreciation.
Rental rates in IC Colony vary significantly by BHK configuration. As of March 2026, Studio apartments command an average rent of ₹17,000 per month. For larger units, 2 BHK apartments are rented at an average of ₹45,577 per month, while 3 BHK apartments are priced higher at ₹60,000 per month, reflecting increased demand and space for larger families.
Rental rates in the vicinity of IC Colony show variation. As of March 2026, Govind Nagar has the highest average rental rate at ₹100 per sq ft. Other areas like Prem Nagar (₹78 per sq ft) and Eksar (₹75 per sq ft) also command premium rents. Areas such as Kandarpada (₹64 per sq ft) and Anand Park (₹64 per sq ft) offer more affordable rental options within the broader micromarket.
As of March 2026, the average rental rate for apartments in IC Colony is ₹63 per sq ft. This is in line with the overall average rental rate for the locality. However, this segment has seen a depreciation of -13.7% over the recent period, indicating a softening in rental demand or an increase in supply for apartments.
As of March 2026, Casa Baylord leads in rental rates within IC Colony at ₹96 per sq ft, followed by Om Sadguru CHS at ₹85 per sq ft, and Navkar Happy Homes at ₹74 per sq ft. Mhatre Tower and Esperanca Apartment are also among the top rental projects, with rates of ₹73 per sq ft and ₹72 per sq ft, respectively. Notably, Veda CHS and Exotica CHS have seen significant rental depreciations of -14.29% and -21.05% respectively.
Property rates vary significantly across neighbourhoods near IC Colony. As of March 2026, Eksar shows the highest average rate at ₹34,972 per sq ft, with a substantial appreciation of 21.72%. Borivali East also commands a high rate of ₹34,762 per sq ft, reflecting a 13.42% increase. In contrast, areas like Mandapeshwar (₹23,913 per sq ft) and Dahisar West (₹24,691 per sq ft) have lower average rates, with Dahisar West experiencing a slight depreciation of -0.88%.
The property market in IC Colony shows mixed signals. While the average asking price appreciated by 3.32% to ₹29,188 per sq ft as of March 2026, the price trend shows some quarterly fluctuations. The Government Registration data indicates 110 transactions between May 2025 and April 2026, with a registered rate of ₹19,450 per sq ft, which is considerably lower than the asking price. This suggests a market with active interest but a notable gap between asking and registered values.
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