Property rates in IC Colony average ₹29,200 per sq ft. This value has shown a consistent upward trajectory over recent quarters, reflecting stable demand in this well-connected Mumbai neighborhood. The local rental market remains active, with a healthy rental yield of 2.59%. Buyers looking for established residential options will find a variety of ready-to-move projects, while the steady price growth highlights the area's continued appeal for long-term real estate investment.
Insights for IC Colony, Mumbai Real Estate Market Overview
IC Colony presents a dynamic real estate landscape characterized by steady capital appreciation and a mature residential market. Recent trends indicate a positive shift in property values, moving from ₹28,250 per sq ft in late 2025 to the current average of ₹29,200 per sq ft. Rental activity is equally noteworthy, with 2 BHK units averaging ₹45,600 per month and 3 BHK units reaching ₹60,000 per month. The area also features a range of ready-to-move properties, which continue to attract families looking for immediate possession. Government registration data confirms significant market turnover, with 91 transactions recorded recently amounting to a gross value of ₹123 Cr.
Property values have increased from ₹28,250 per sq ft in the last quarter of 2025 to ₹29,200 per sq ft as of March 2026.
The rental yield in the locality stands at 2.59%, offering a stable return for property owners.
Ready-to-move projects currently dominate the supply with 18 available units, priced at an average of ₹26,000 per sq ft.
Rental demand is strong for larger configurations, with 3 BHK apartments commanding an average monthly rent of ₹60,000.
Overall transaction volume remains robust, with 91 properties registered between June 2025 and May 2026.
Market Strengths
Consistent quarterly price growth from ₹28,250 to ₹29,200 per sq ft demonstrates market resilience.
A healthy volume of 91 registered transactions confirms strong liquidity in the area.
Diverse project status options allow buyers to choose between immediate occupancy and new developments.
The rental market is well-supported by various BHK configurations ranging from studios to 3 BHK units.
Premium projects like Esperanca Apartment maintain high valuation benchmarks above ₹30,000 per sq ft.
Market Challenges
Well-occupied properties have seen a -5.17% shift in pricing, suggesting a period of stabilization for older projects.
The overall average rental rate has experienced a -13.7% change, reflecting a correction in tenant demand.
Rental rates in specific sub-locations like Kandarpada have declined by -8.57%.
Investment Opportunities
The 2.59% rental yield provides a stable income stream for investors focusing on residential apartments.
Ready-to-move apartments offer immediate rental income potential with 18 units currently available.
3 BHK units generate high monthly rental revenue averaging ₹60,000, catering to the premium tenant segment.
The consistent quarterly price appreciation suggests potential for long-term capital gains in the locality.
Top Localities in IC Colony, Mumbai
Yogi Nagar
Avg Price₹ 26,150 /sqft
Avg Rent₹ 73 /sq
ft
YIELD
+ 3.35
LISTINGS
5
Price Trend
IC Colony, Mumbai Property Price Trends and Appreciation
The market in IC Colony has experienced a clear upward movement in property rates over the last three quarters. Values rose from ₹28,250 per sq ft in December 2025 to the current level of ₹29,200 per sq ft in March 2026. This consistent growth underscores the sustained confidence investors and homebuyers have in this part of Mumbai.
Real estate rates in the vicinity of IC Colony show significant variation depending on the specific neighborhood. Eksar commands a premium at ₹34,950 per sq ft, reflecting its high demand, while Mandapeshwar remains more accessible at ₹23,900 per sq ft. Borivali West averages ₹31,300 per sq ft, positioning it as a mid-to-high range option compared to the more affordable rates seen in Charkop Sector 4 at ₹26,150 per sq ft.
The IC Colony real estate market focuses primarily on residential apartment living, which is currently priced at ₹29,200 per sq ft. This category has seen a positive change of 3.32%, indicating strong buyer interest in the segment. These apartments cater to a broad range of residents looking for established community living within Mumbai.
IC Colony offers a diverse range of property statuses to suit different buyer timelines. Ready-to-move inventory is the most prominent with 18 units available at an average of ₹26,000 per sq ft, showing a 3.23% increase. Meanwhile, under-construction projects are priced at ₹24,900 per sq ft, and new launches are available at ₹24,750 per sq ft, providing entry points for those planning for future possession.
Project & Developer Insights
Top Residential Projects and Developers in IC Colony
Top Projectsin IC Colony
Mahindra Vista is the top project in IC Colony with prices from ₹ 1.41 Cr to 5.26 Cr.
Mahindra Vista
₹ 1.40 Cr - ₹ 5.26 Cr
Mumbai Western Suburbs, Mumbai
Purva Estrella
₹ 2.75 Cr - ₹ 7.75 Cr
Mumbai Western Suburbs, Mumbai
Kalpataru Advay
₹ 3.34 Cr - ₹ 7.99 Cr
Mumbai Western Suburbs, Mumbai
Kalpataru Vivant
₹ 1.6 Cr - ₹ 4.31 Cr
Mumbai Western Suburbs, Mumbai
Godrej Reserve Kandivali
₹ 3.31 Cr - ₹ 9.00 Cr
Mumbai Western Suburbs, Mumbai
Mahindra Marina 64
₹ 2.78 Cr - ₹ 5.41 Cr
Mumbai Western Suburbs, Mumbai
Godrej Bliss Kandivali
₹ 1.23 Cr - ₹ 3.22 Cr
Mumbai Western Suburbs, Mumbai
Adani Linkbay Residences
₹ 4.09 Cr - ₹ 9.37 Cr
Mumbai Western Suburbs, Mumbai
JP Parkway
₹ 1.05 Cr - ₹ 1.80 Cr
Mumbai Western Suburbs, Mumbai
Kolte Patil Serenova
₹ 2.60 Cr - ₹ 4.97 Cr
Mumbai Western Suburbs, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Evershine Builders Pvt Ltd leads in Mumbai with 18 projects and years of experience.
Premium residential developments in IC Colony set the benchmark for the local market. Esperanca Apartment leads the high-value segment at ₹30,700 per sq ft, closely followed by Navkar Happy Homes at ₹30,650 per sq ft, which has seen a notable 11.02% increase. Other significant projects like Evershine Residency and Navkar Yellow Roses are also priced above the ₹30,000 per sq ft mark, highlighting the premium nature of these established residential clusters.
Top projects for renters include Casa Baylord and Om Sadguru CHS, both commanding rental rates of approximately ₹100 per sq ft. Other developments such as Navkar Happy Homes and Mhatre Tower offer competitive rates between ₹73 and ₹74 per sq ft, while Exotica CHS has seen a -21.05% change in its rental pricing.
Government Registrations
Government Registration in IC Colony, Mumbai
Official registration data for IC Colony indicates a vibrant market with 91 transactions recorded between June 2025 and May 2026. These deals resulted in a gross transaction value of ₹123 Cr, with registered rates averaging ₹19,450 per sq ft. This level of activity demonstrates consistent buyer commitment and a healthy turnover of residential assets in the region.
Sales Transactions91
Gross Sales Value₹ 123 Cr
Registered Rate₹ 19,450/sq.ft
Rental Trends
Rental Trends and Average Rent in IC Colony, Mumbai
Rental demand in IC Colony is segmented by unit size, with 3 BHK apartments commanding the highest monthly rent at ₹60,000. 2 BHK units are also popular, averaging ₹45,600 per month. For those seeking smaller spaces, studio apartments are available at an average rate of ₹17,000 per month. Rental rates vary across the broader area, with locations like Mandapeshwar and Eksar reaching ₹100 per sq ft. In contrast, Dahisar West and Kandarpada hover around ₹50 per sq ft. While some areas like Maratha Colony have seen a sharp 36.73% increase, others like Kandarpada have experienced a -8.57% shift. The rental market for apartments in IC Colony averages ₹50 per sq ft. This segment has experienced a -13.7% change in rental rates over the recent period, reflecting broader adjustments in the local leasing environment. Top projects for renters include Casa Baylord and Om Sadguru CHS, both commanding rental rates of approximately ₹100 per sq ft. Other developments such as Navkar Happy Homes and Mhatre Tower offer competitive rates between ₹73 and ₹74 per sq ft, while Exotica CHS has seen a -21.05% change in its rental pricing.
Rental demand in IC Colony is segmented by unit size, with 3 BHK apartments commanding the highest monthly rent at ₹60,000. 2 BHK units are also popular, averaging ₹45,600 per month. For those seeking smaller spaces, studio apartments are available at an average rate of ₹17,000 per month.
Rental rates vary across the broader area, with locations like Mandapeshwar and Eksar reaching ₹100 per sq ft. In contrast, Dahisar West and Kandarpada hover around ₹50 per sq ft. While some areas like Maratha Colony have seen a sharp 36.73% increase, others like Kandarpada have experienced a -8.57% shift.
The rental market for apartments in IC Colony averages ₹50 per sq ft. This segment has experienced a -13.7% change in rental rates over the recent period, reflecting broader adjustments in the local leasing environment.
Frequently Asked Questions About Property Rates in IC Colony, Mumbai
What is the current average asking price in IC Colony, Mumbai?
As of March 2026, the average asking price in IC Colony is ₹29,200 per sq ft. This figure reflects an appreciation of 3.32% compared to the previous period, indicating a resilient demand for residential apartments in this locality.
How have property prices in IC Colony trended recently?
Property prices in IC Colony have shown a positive trajectory, with the average asking price rising to ₹29,200 per sq ft as of March 2026 from ₹28,250 per sq ft in December 2025. This upward movement suggests sustained buyer interest in the area, following a period of fluctuation where prices were recorded at ₹30,000 per sq ft in September 2025.
How does the average asking price in IC Colony compare to the Government Registration Rate?
The average asking price in IC Colony is currently ₹29,200 per sq ft, while the Government Registration Rate is recorded at ₹19,450 per sq ft for the period between June 2025 and May 2026. This difference between the market-driven asking price and the government-benchmarked registration rate is a key factor for buyers to consider when evaluating their total acquisition costs and stamp duty obligations.
What are the average rental rates for different BHK configurations in IC Colony?
As of March 2026, rental rates in IC Colony vary by unit type: Studio apartments average ₹17,000 per month, 2 BHK units average ₹45,600 per month, and 3 BHK units average ₹60,000 per month. These figures provide a clear benchmark for tenants and landlords, reflecting the current market value for different residential requirements in the locality.
What is the rental yield in IC Colony and what does it signify for investors?
The rental yield in IC Colony stands at 2.59% as of March 2026. For investors, this yield represents the annual rental income relative to the property's capital value, serving as a vital metric to assess the income-generating potential of an apartment in the area compared to other investment avenues.
Which projects in IC Colony command the highest rental rates?
As of March 2026, premium projects in IC Colony include Casa Baylord at ₹96 per sq ft, Om Sadguru CHS at ₹85 per sq ft, and Navkar Happy Homes at ₹74 per sq ft. These projects currently lead the rental market, reflecting their desirability and specific amenities that allow them to command higher rates than the locality average of ₹63 per sq ft.
How do property prices in IC Colony vary by project status?
Property prices in IC Colony are segmented by project status as of March 2026: Ready To Move units are priced at ₹26,000 per sq ft (which appreciated by 3.23% compared to the previous period), Under Construction units at ₹24,900 per sq ft (an appreciation of 1.94%), and New Launch projects at ₹24,750 per sq ft (an appreciation of 1.56%). Meanwhile, Well Occupied projects are priced at ₹25,350 per sq ft, reflecting a depreciation of 5.17% over the same period.
Which projects in IC Colony have the highest listing rates?
As of March 2026, the projects with the highest listing rates in IC Colony include Esperanca Apartment at ₹30,700 per sq ft, Navkar Happy Homes at ₹30,650 per sq ft (which appreciated by 11.02% compared to the previous period), and Evershine Residency at ₹30,550 per sq ft (which saw a depreciation of 0.92%). These rates highlight the premium positioning of these specific residential developments within the locality.
How do rental rates in IC Colony compare to nearby neighbourhoods?
Rental rates in IC Colony are currently ₹63 per sq ft. When comparing this to nearby areas, Mandapeshwar, Eksar, Govind Nagar, and Prem Nagar all command higher rates of ₹100 per sq ft, whereas Kandarpada, Dahisar West, Yogi Nagar, Maratha Colony, Anand Park, and Avdhut Nagar are priced at ₹50 per sq ft. This variation highlights the diverse rental landscape across the broader micro-market.
How should a buyer interpret the price trends in IC Colony?
A buyer should interpret the price trends in IC Colony by observing the movement from ₹28,250 per sq ft in December 2025 to ₹29,200 per sq ft in March 2026. This upward trajectory, coupled with the current listing rates of top projects, suggests a market with stable demand, making it essential for buyers to compare these trends against their long-term investment goals and the specific status of the property they are considering.
