- The overall average asking price in IC Colony stands at a competitive ₹29,188 per sq ft, making it an attractive investment destination in Mumbai.
- IC Colony boasts a strong rental market with an average rental rate of ₹72 per sq ft and a healthy rental yield of 2.96%, providing good income potential for investors.
- The apartment segment, the primary property type, shows a positive change of 3.32% in its average price, indicating sustained demand and value appreciation.
- A significant number of Ready To Move properties (18 units) are available, catering to immediate buyer needs and showing a robust 4.7% price increase.
- The market recorded 123 property registrations totaling ₹164 Cr between Apr 2025 and Mar 2026, highlighting robust transaction activity and buyer confidence.
- 3 BHK apartments command the highest rental rates at ₹60,000 per month, showcasing strong demand for larger family-sized units.
Property Rates in IC Colony, Mumbai
Comprehensive Market Snapshot
IC Colony in Mumbai presents a dynamic real estate landscape with an average asking price of ₹29,188 per sq ft for properties. The rental market is also active, commanding an average rental rate of ₹72 per sq ft, offering investors a rental yield of 2.96%. This locality demonstrates a mix of established and emerging property trends, with recent registration data showing healthy transaction volumes. Overall, IC Colony remains an attractive prospect for both homeowners and investors seeking opportunities in Mumbai's western suburbs.
- The average asking price for an apartment in IC Colony stands at ₹29,188 per sq ft, reflecting a 3.32% change.
- Mandapeshwar offers the lowest average rate among nearby localities at ₹23,913 per sq ft, while Ashtavinayak Nagar commands the highest at ₹34,883 per sq ft.
- Ready To Move properties are the most abundant, with 18 units available at an average of ₹25,167 per sq ft, experiencing a 4.7% price increase.
- Esperanca Apartment registered a notable 28.88% increase in its current rate, now at ₹30,723 per sq ft, making it a standout performer among top projects.
- For rentals, 3 BHK apartments are the most expensive, averaging ₹60,000 per month, while Govind Nagar leads nearby rental rates at ₹98 per sq ft.
- Asking Sale Price₹ 29,188 /sq.ft
- Average Rental₹ 72 /sq.ft
- Rental Yield2.96 %
Insights for IC Colony, Mumbai Real Estate Market
IC Colony's property market, with an average asking price of ₹29,188 per sq ft, shows a nuanced picture of growth and stability. While the location experienced a slight dip in average rates from ₹30,009 per sq ft in Sep 2025 to ₹28,250 per sq ft in Dec 2025, the broader micromarket remained relatively stable. The rental segment is robust, with an attractive average rental rate of ₹72 per sq ft and a rental yield of 2.96%, indicating good potential for landlords. Furthermore, the government registration data highlights significant market activity, with 123 transactions recorded between Apr 25 and Mar 26, totaling a gross value of ₹164 Cr at an average registered rate of ₹19,450 per sq ft. This robust transaction volume underpins buyer confidence in the area.
- Eksar witnessed a significant 16.6% increase in its average rate, reaching ₹33,501 per sq ft, suggesting strong demand in this adjacent locality.
- Ready To Move properties dominate the market with 18 units and have seen a healthy 4.7% appreciation, appealing to buyers seeking immediate possession.
- The apartment segment, representing the sole property type reported, recorded a positive change of 3.32% in its average price.
- Maratha Colony nearby experienced a substantial 18.37% increase in its average rental rate, showcasing strong rental demand in specific micro-pockets.
- Among top projects, Esperanca Apartment stands out with an impressive 28.88% rise in its listing rate, reflecting strong project-specific appreciation.
- The average asking price for IC Colony saw a dip from ₹30,009 per sq ft in Sep 2025 to ₹28,250 per sq ft in Dec 2025, suggesting potential short-term price volatility.
- Dahisar West, a nearby locality, experienced a -3.97% decrease in its average rate, which could signal localized pricing pressures.
- Well Occupied properties in IC Colony recorded a slight decrease of -0.54% in their average price, indicating a minor softening in this specific segment.
- The overall apartment rental rates in IC Colony show a -1.37% change, suggesting a slight downward adjustment in rental values for this property type.
- Mandapeshwar, a neighboring rental market, also experienced a -1.28% change in its average rental rate, indicating some regional rental market fluctuations.
- Invest in Ready To Move properties, which are the most abundant (18 units) and show a healthy 4.7% price increase, appealing to immediate occupancy seekers.
- Consider properties in Eksar, a nearby locality, which has seen a significant 16.6% increase in its average rate, indicating strong growth potential.
- Explore projects like Esperanca Apartment, which has demonstrated remarkable appreciation with a 28.88% increase in its listing rate.
- Capitalize on the robust rental market in IC Colony, which offers an attractive average rental yield of 2.96% and an average rental rate of ₹72 per sq ft.
- Invest in 3 BHK rental apartments, which command the highest average rent of ₹60,000 per month, indicating strong demand for larger units.
Property Price Trends in IC Colony, Mumbai
The asking price trends in IC Colony reflect recent fluctuations, with the location rate moving from ₹30,009 per sq ft in September 2025 to ₹28,250 per sq ft by December 2025. This indicates a slight adjustment in pricing within the locality over the last quarter. Despite this, the micromarket rate remained stable, hovering around ₹21,180 per sq ft, suggesting broader market resilience.
IC Colony's property market primarily features apartments, which currently hold an average price of ₹29,188 per sq ft. This segment has demonstrated positive momentum, reflecting a 3.32% change in its average price. This steady appreciation highlights the consistent demand for apartment living in this Mumbai locality.
The IC Colony market offers properties across various development stages, catering to different buyer timelines and preferences. Ready To Move units are the most prevalent, with 18 properties available at an average of ₹25,167 per sq ft, showing a positive change of 4.7%. Under Construction projects present 3 opportunities priced at ₹24,416 per sq ft, while New Launch options, though fewer with 1 unit, are available at ₹24,394 per sq ft, experiencing a 4.18% increase. Additionally, Well Occupied properties are priced at ₹26,728 per sq ft.
Neighboring localities around IC Colony showcase a diverse pricing spectrum. Ashtavinayak Nagar commands the highest average rate at ₹34,883 per sq ft, while Eksar also stands strong at ₹33,501 per sq ft, notably experiencing a 16.6% increase. In contrast, Mandapeshwar offers a more accessible entry point at ₹23,913 per sq ft, representing the lower end of the pricing scale. Dahisar West, another adjacent area, saw a decrease of -3.97%, with its average rate now at ₹23,921 per sq ft.
Project and Developer Insights
Premium residential developments in IC Colony are commanding significant asking prices, reflecting their desirable locations and modern amenities. Vrishi Complex leads the segment with a current rate of ₹32,432 per sq ft. Navkar Yellow Roses follows closely, priced at ₹31,078 per sq ft, having seen a 2.04% increase. Notably, Esperanca Apartment has shown impressive growth with a 28.88% change, now at ₹30,723 per sq ft, making it a standout performer. Other prominent projects like Mhatre Palace Chs and Ruby CHS Borivali also contribute to the market's high-value offerings.
Several projects in IC Colony are popular in the rental market, commanding competitive rates. Exotica CHS leads with an average rental rate of ₹76 per sq ft, followed closely by Navkar Happy Homes at ₹74 per sq ft. Mhatre Tower offers rentals at ₹73 per sq ft, while Esperanca Apartment and Veda CHS are available at ₹72 per sq ft and ₹70 per sq ft respectively, showcasing a range of options for tenants.
Government Registration in IC Colony, Mumbai
- Sales Transactions123
- Gross Sales Value₹ 164 Cr
- Registered Rate₹ 19,450 /sq.ft
Official registration data reveals robust transaction activity in IC Colony during the period of April 2025 to March 2026. The market recorded 123 transactions with a gross value of ₹164 Cr. The average registered rate for these properties stood at ₹19,450 per sq ft, indicating a healthy and active sales environment in the locality.
Property Rental Trends in IC Colony, Mumbai
The rental market in IC Colony offers diverse options catering to various household sizes. Studio apartments are available at an average of ₹17,000 per month. For those seeking more space, 2 BHK apartments command an average rent of ₹45,577 per month, while the larger 3 BHK units are the most premium, averaging ₹60,000 per month. These figures highlight the attractive rental income potential across different residential configurations in the locality.
Analyzing rental trends in nearby localities reveals varied performance. Govind Nagar stands out with the highest average rental rate at ₹98 per sq ft. Kandarpada saw a significant 8.57% increase, reaching ₹76 per sq ft, while Maratha Colony experienced an even more substantial 18.37% rise, now at ₹58 per sq ft. In contrast, Mandapeshwar noted a slight decrease of -1.28% in its average rental rate, currently at ₹77 per sq ft.
In the IC Colony rental market, apartments are the primary property type, with an average rental rate of ₹72 per sq ft. This segment has experienced a slight adjustment, showing a -1.37% change, indicating a minor softening in rental values for apartments.