Property Rates in IC Colony, Mumbai 2026

Property prices in IC Colony have shown an upward trajectory throughout the recent quarters. According to data from Jun 2026, the location rate reached ₹32,950 per sq ft, rising from ₹29,200 per sq ft in Mar 2026, ₹28,250 per sq ft in Dec 2025, and ₹30,000 per sq ft in Sep 2025. This consistent growth trajectory indicates sustained buyer interest and a tightening supply in the area.

The average asking price in IC Colony is currently ₹32,950 per sq ft, while the Government Registration Rate stands at ₹20,050 per sq ft, based on transactions recorded between Oct 2025 and Sep 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in premium residential pockets, where market demand often outpaces base registration benchmarks.

Property prices in IC Colony are segmented by development stage as of Jun 2026. Ready to move properties are priced at an average of ₹27,700 per sq ft, having appreciated by 8.19%. Well-occupied projects are currently at ₹27,300 per sq ft, showing a notable appreciation of 16.07%. Meanwhile, under-construction projects command a higher premium at ₹29,600 per sq ft, with a 21.56% appreciation, and new launches are priced at ₹30,150 per sq ft, reflecting a 23.24% appreciation. These trends suggest that newer developments are commanding higher valuations in the current market.

As of Jun 2026, the average rental rate in IC Colony is ₹60 per sq ft, which has seen a depreciation of 4.76% compared to previous periods. The locality offers a rental yield of 2.19%, a key metric for investors to evaluate the income-generating potential of their capital outlay relative to the current sale asking price of ₹32,950 per sq ft.

Rental rates in IC Colony vary by unit type, catering to diverse tenant profiles as of Jun 2026. Studio apartments are available at an average of ₹17,000 per month, while 1 BHK units command ₹30,200 per month. For larger families, 2 BHK units are priced at ₹45,000 per month, and 3 BHK units reach an average of ₹60,000 per month. This range provides clear entry points for tenants and helps landlords understand the competitive pricing for their specific asset class.

As of Jun 2026, premium rental 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 consistently rank at the top due to their specific amenities and location advantages. While some projects like Exotica CHS and Veda CHS have seen rental rate fluctuations of -21.05% and -14.29% respectively, others have maintained stable rental pricing, reflecting the varied demand across different residential complexes.

Rental rates across the broader region show significant variation as of Jun 2026. While IC Colony averages ₹60 per sq ft, nearby areas like Mandapeshwar, Yogi Nagar, Govind Nagar, Prem Nagar, Roshan Nagar, and Borivali West all command higher rates of ₹100 per sq ft. Conversely, areas like Kandarpada, Eksar, and Dahisar West are priced lower at ₹50 per sq ft. This comparison highlights that IC Colony sits in a mid-to-high rental bracket compared to its immediate neighbours.

As of Jun 2026, Namo Silverine CHS leads the listing rates in IC Colony at ₹36,750 per sq ft, representing a significant appreciation of 53.22%. Other high-value projects include Veda CHS at ₹32,950 per sq ft (16.96% appreciation) and Navkar Happy Homes at ₹32,850 per sq ft (8.25% appreciation). These projects are currently positioned at the higher end of the market, reflecting their premium status in the locality.

A buyer should use the IC Colony property rate data to benchmark their investment against current market averages and historical trends. By observing that the average asking price is ₹32,950 per sq ft as of Jun 2026 and noting the appreciation trends across different project statuses, buyers can better negotiate and identify whether a property is priced fairly. It is also essential to compare these figures against the Government Registration Rate of ₹20,050 per sq ft to understand the total cost implications of a potential purchase.