Property Rates in IC Colony, Mumbai 2026

Property prices in IC Colony have shown a positive trajectory, with the location rate rising from ₹29,200 per sq ft in March 2026 to ₹32,950 per sq ft by June 2026. This upward movement in the most recent quarter suggests growing buyer confidence and a competitive real estate environment in the area.

Property rates in IC Colony vary significantly when compared to surrounding areas. For instance, Borivali East currently commands an average rate of ₹34,750 per sq ft, which has appreciated by 7.13%, while Dahisar West remains more accessible at ₹24,700 per sq ft, having appreciated by 1.84%. These variations highlight that IC Colony sits in a mid-to-high price bracket relative to its immediate neighbours.

As of June 2026, Ready To Move properties in IC Colony are priced at an average of ₹25,600 per sq ft, reflecting an appreciation of 1.65% over the observed period. In contrast, Under Construction projects are currently averaging ₹24,350 per sq ft, which has seen a slight depreciation of 0.27%, offering a different entry point for investors and end-users depending on their preference for immediate possession versus long-term capital appreciation.

As of June 2026, the average rental rate in IC Colony stands at ₹63 per sq ft, which has experienced a depreciation of 13.7% compared to the prior period. The current rental yield is 2.59%, a metric that provides investors with a baseline for understanding the annual income potential relative to the capital investment required for property ownership in this locality.

Rental rates in IC Colony are segmented by unit size to cater to diverse tenant needs. As of June 2026, a Studio apartment typically rents for ₹17,000 per month, while a 1 BHK unit averages ₹30,200 per month. Larger configurations such as 2 BHK and 3 BHK units command average monthly rents of ₹45,000 and ₹60,000, respectively, providing a clear range for tenants and landlords to evaluate market standards.

The premium rental market in IC Colony is led by projects such as Casa Baylord, which commands ₹96 per sq ft, and Om Sadguru CHS, which averages ₹85 per sq ft as of June 2026. Other notable projects include Navkar Happy Homes and Mhatre Tower, which are priced at ₹74 and ₹73 per sq ft respectively, reflecting the premium that specific well-maintained or strategically located residential complexes can attract in the current rental market.

The Government Registration Rate in IC Colony is currently ₹19,450 per sq ft, based on 44 transactions recorded between September 2025 and August 2026. This is significantly lower than the current market asking price of ₹29,200 per sq ft, suggesting that the actual transaction value in the open market is currently commanding a premium over the government-benchmarked registration values.

Yes, several projects have shown notable price growth. For example, Casa Baylord has seen a significant appreciation of 19.39% in its listing rate, reaching ₹24,550 per sq ft as of June 2026. Similarly, Navkar Happy Homes has appreciated by 9.99% to reach ₹30,350 per sq ft, indicating that these projects are currently experiencing strong demand from buyers.

The market in IC Colony presents a balanced scenario for both profiles. With a rental yield of 2.59% and a stable appreciation trend in Ready To Move properties (up 1.65%), end-users benefit from the availability of established residential stock. Investors, meanwhile, should note the recent depreciation in rental rates (down 13.7%) and carefully weigh the capital appreciation of specific projects against the current income-generating potential of the area.