Mumbai
The real estate market in IC Colony reflects a robust growth phase, with property values showing consistent appreciation across recent quarters. Buyers are finding a wide range of options, from ready-to-move apartments that cater to immediate needs to new launches that offer modern amenities. Rental activity remains active, with a clear hierarchy of rates based on unit sizes and project prestige. The area continues to attract interest due to its strategic position in the western suburbs, balancing residential comfort with urban connectivity.
As of September 2026, the average asking price in IC Colony is ₹32,950 per sq ft. This figure reflects a significant appreciation of 12.86% compared to previous periods, signaling robust demand and sustained interest in this residential pocket.
Property prices in IC Colony have shown a clear upward trajectory over the last few quarters. The average asking price rose from ₹28,250 per sq ft in December 2025 to ₹29,200 per sq ft in March 2026, eventually reaching ₹32,950 per sq ft by June 2026. This consistent growth suggests strong buyer confidence and a tightening supply of residential apartments in the area.
The average asking price in IC Colony currently stands at ₹32,950 per sq ft, while the Government Registration Rate is recorded at ₹20,050 per sq ft as of the period between November 2025 and October 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in premium micromarkets and should be factored in by buyers when calculating total acquisition costs, including stamp duty and registration fees.
Property prices in IC Colony vary based on the stage of development, reflecting the premium associated with newer inventory. As of September 2026, Ready To Move properties are priced at an average of ₹27,700 per sq ft, which has appreciated by 8.19%. Meanwhile, Under Construction projects command a higher average of ₹29,600 per sq ft, showing a notable appreciation of 21.56%. New Launch projects are currently the most premium, averaging ₹30,150 per sq ft with a sharp appreciation of 23.24%.
The average rental rate in IC Colony is ₹60 per sq ft as of September 2026, which has seen a depreciation of 4.76% compared to earlier periods. Investors looking at the area should note a rental yield of 2.19%, which provides a baseline for understanding the potential income generation relative to the capital investment required for property ownership in this locality.
Rental rates in IC Colony vary significantly by unit size, catering to a diverse tenant profile. As of September 2026, a Studio apartment typically rents for ₹17,000 per month, while a 1 BHK unit averages ₹30,200 per month. For larger families, 2 BHK apartments command an average of ₹45,000 per month, and 3 BHK units are available at an average of ₹60,000 per month.
Premium rental projects in IC Colony include Casa Baylord, which leads with a current rental rate of ₹96 per sq ft, followed by Om Sadguru CHS at ₹85 per sq ft and Navkar Happy Homes at ₹74 per sq ft as of September 2026. These projects command higher rates due to their specific location advantages and building amenities, making them preferred choices for tenants seeking quality housing in the area.
Rental rates in the vicinity of IC Colony show a varied landscape. While IC Colony averages ₹60 per sq ft, neighbouring areas like Borivali West and Mandapeshwar command higher rates of ₹100 per sq ft. Conversely, areas such as Kandarpada, Eksar, and Dahisar West see more moderate rental averages of ₹50 per sq ft, offering different price points for tenants depending on their proximity to transit hubs and local infrastructure.
As of September 2026, Namo Silverine CHS stands out with the highest listing rate in IC Colony at ₹36,750 per sq ft, having appreciated by 53.22%. Other premium projects include Veda CHS at ₹32,950 per sq ft (up 16.96%) and Navkar Happy Homes at ₹32,850 per sq ft (up 8.25%). These high listing rates reflect the strong market positioning and demand for these specific residential developments within the locality.
Buyers should use the property rate data for IC Colony to benchmark their purchase decisions against current market trends. By observing that the average asking price is ₹32,950 per sq ft as of September 2026, a buyer can assess whether a specific project is priced competitively. Additionally, comparing Ready To Move rates at ₹27,700 per sq ft against Under Construction rates at ₹29,600 per sq ft helps in deciding whether to pay a premium for immediate possession or opt for newer, potentially more modern, under-construction inventory.
