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Property Rates in IC Colony, Mumbai

Comprehensive Market Snapshot

The IC Colony real estate market in Mumbai demonstrates dynamic activity, with asking prices currently averaging ₹29,188 per sq ft. Recent quarterly trends indicate a slight adjustment in property values, while apartments stand as the primary property type, showing a 3.32% appreciation. A diverse supply, including a significant number of Ready To Move units and new launches, caters to various buyer needs. Top developments like Vrishi Complex and Navkar Yellow Roses showcase premium offerings, further supported by a robust registration market which recorded 134 transactions valued at ₹176 Cr between April 2025 and March 2026.

  • Asking Sale Price₹ 29,188/sq.ft
  • Insights
  • Price Trend
  • Project and Developer Insights
  • Government Registrations

Insights for IC Colony, Mumbai Real Estate Market

IC Colony, nestled in Mumbai, presents a vibrant property market currently featuring an average asking price of ₹29,188 per sq ft. A closer look at recent price trends reveals a slight dip from ₹30,009 per sq ft in September 2025 to ₹28,250 per sq ft by December 2025 for the location, although the broader micromarket has shown steady growth. Compared to its neighbors, IC Colony offers a compelling value proposition, positioned between higher-priced Eksar (₹33,501 per sq ft) and more accessible Mandapeshwar (₹23,913 per sq ft). Apartments dominate the market, having seen a healthy 3.32% price increase. The market caters to diverse timelines with 18 Ready To Move units averaging ₹25,167 per sq ft, alongside Under Construction and New Launch options, all demonstrating positive price changes. Premium projects such as Vrishi Complex, commanding ₹32,432 per sq ft, and Navkar Yellow Roses at ₹31,078 per sq ft, highlight the area's upscale offerings. Furthermore, a robust government registration activity, with 134 transactions amounting to ₹176 Cr and a registered rate of ₹19,450 per sq ft, underscores strong buyer confidence and market liquidity.

Market Strengths Market Strengths
  • Robust government registration activity, with 134 transactions and a gross value of ₹176 Cr, signifies a healthy and active market.
  • Diverse property status options, including Ready To Move, Under Construction, and New Launch, cater to various buyer timelines and preferences.
  • Presence of premium projects like Vrishi Complex and Navkar Yellow Roses, commanding high asking prices, indicates a strong luxury segment.
  • Apartments, the dominant property type, show consistent price appreciation of 3.32%, reflecting sustained demand.
  • Strategic location within Borivali West, a well-established and sought-after residential hub in Mumbai.
  • The broader micromarket has shown consistent positive growth over the past year, indicating underlying stability.
  • Proximity to other developed localities like Borivali East and Shimpoli, offering a wider range of amenities and connectivity.
Market Challenges Market Challenges
  • The recent quarterly dip in IC Colony's average location rate from ₹30,009 to ₹28,250 per sq ft might suggest short-term price volatility.
  • The absence of reported average rental rates makes it difficult for potential investors to directly assess rental yield opportunities.
  • High average asking price of ₹29,188 per sq ft could be a barrier for some buyers when compared to more affordable neighboring localities.
  • The market's primary reliance on apartment inventory might limit options for buyers seeking other property types.
Investment Opportunities Investment Opportunities
  • Consider investing in Under Construction properties, which average ₹24,416 per sq ft, offering a potentially lower entry point compared to Ready To Move options.
  • Projects like Esperanca Apartment, with a significant 28.88% asking price increase, present opportunities for capital appreciation.
  • The robust government registration activity, with 134 transactions and ₹176 Cr gross value, suggests a liquid and actively traded market.
  • Focus on apartments, the dominant property type, which have demonstrated a consistent 3.32% price appreciation.
  • Explore New Launch properties, despite their limited number, as they show strong appreciation of 4.18%, indicating potential for early investment gains.
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Property Price Trends in IC Colony, Mumbai

Asking Price Trends

Analyzing the recent price trends in IC Colony reveals notable movements. The average location rate, which stood at ₹30,009 per sq ft in September 2025, experienced a slight correction, settling at ₹28,250 per sq ft by December 2025. While earlier quarterly data for the location was not available, the micromarket has shown consistent growth, climbing from ₹19,695 per sq ft in March 2025 to ₹21,180 per sq ft by December 2025, indicating broader regional stability.

Quarter City Rate
Dec 2025 28250
Sep 2025 30009
Jun 2025 0
Mar 2025 0
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Price Trends by Property Type

In IC Colony, apartments dominate the residential landscape, reflecting the primary housing preference in this Mumbai locality. These properties are currently available at an average price of ₹29,188 per sq ft, having experienced a positive change of 3.32%. This consistent growth in apartment values underscores their sustained demand and investment potential within the market.

Type Rate (₹/sq.ft) Change %
Apartment 29,188 3.32
Price Trends by Project Status

The IC Colony market offers a varied inventory across different construction stages, catering to diverse buyer needs. Ready To Move properties form the largest segment with 18 units, averaging ₹25,167 per sq ft and showing a 4.7% price increase. Well Occupied units are priced at ₹26,728 per sq ft, while Under Construction projects, with 3 units, average ₹24,416 per sq ft, representing a 0.93% rise. Additionally, New Launch properties, with 1 unit, are available at ₹24,394 per sq ft, demonstrating a 4.18% appreciation, providing options for both immediate occupancy and future investment.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 24 25,557 3.39
Under Construction 3 24,416 0.93
New Launch 1 24,394 4.18
Price Trends by Localities

IC Colony's property market, with an average asking price of ₹29,188 per sq ft, positions itself competitively within Borivali West, where the average is ₹30,314 per sq ft. Nearby, Eksar commands a higher average of ₹33,501 per sq ft, and Ashtavinayak Nagar leads at ₹34,883 per sq ft. Conversely, areas like Mandapeshwar and Dahisar West offer more budget-friendly options, averaging around ₹23,913 and ₹23,921 per sq ft respectively, providing a diverse price spectrum for buyers in the vicinity.

Location Rate (₹/sq.ft) Change %
Mandapeshwar 23,913 -
Eksar 33,501 16.6
Dahisar West 23,921 -4
Yogi Nagar 26,153 -
Borivali West 30,314 -0.1
Vazira 26,644 -
Babhai Naka 28,947 2.4
Ashtavinayak Nagar 34,883 -
Borivali East 33,053 7.9
Shimpoli 33,364 3.4

Project and Developer Insights

Top Projects by Listing Rates

Premium residential developments in IC Colony are commanding significant asking prices, reflecting their quality and prime locations. Leading the segment, Vrishi Complex is priced at ₹32,432 per sq ft, setting a high-value benchmark. Navkar Yellow Roses follows with ₹31,078 per sq ft, showing a 2.04% appreciation, while Evershine Residency offers properties at ₹30,842 per sq ft, with a 3.56% increase. Esperanca Apartment also stands out with a notable 28.88% rise, now at ₹30,723 per sq ft, indicating strong market confidence in these top-tier projects.

  • Listing Rate
Project Name Rate (₹/sq.ft) Change %
Vrishi Complex 32,432 -
Navkar Yellow Roses 31,078 2
Evershine Residency 30,842 3.6
Esperanca Apartment 30,723 28.9
Navkar Happy Homes 27,586 -
Veda Chs 25,778 -
Shangri La Chs 25,320 -
Ruby Chs Borivali 25,320 4.7
Mhatre Palace Chs 25,280 4.3
Mhatre Tower 25,280 -

Government Registration in IC Colony, Mumbai

  • Sales Transactions134
  • Gross Sales Value₹ 176 Cr
  • Registered Rate₹ 19,450/sq.ft

Official registration data reveals robust transaction activity in IC Colony during April 2025 to March 2026. The market recorded 134 transactions valued at ₹176 Cr, with average registration rates at ₹19,450 per sq ft. This strong volume and value of transactions indicate a healthy and active real estate market.

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