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 as of June 2026. This upward movement in the most recent quarter suggests growing buyer interest and a tightening supply of residential units in the area.

The average asking price in IC Colony stands at ₹29,200 per sq ft, while the Government Registration Rate is recorded at ₹19,450 per sq ft for the period of October 2025 to September 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in established residential pockets, reflecting the premium buyers are willing to pay for location-specific amenities and infrastructure.

As of June 2026, Ready To Move properties in IC Colony are priced at an average of ₹25,600 per sq ft, having appreciated by 1.65% over the observed period. In contrast, Under Construction projects are available at an average of ₹24,350 per sq ft, which has seen a minor depreciation of 0.27% compared to the prior period. This pricing structure indicates that buyers are currently placing a higher value on immediate possession and the reduced risk associated with completed projects.

The average rental rate in IC Colony is ₹63 per sq ft as of June 2026, which has seen a depreciation of 13.7% compared to the previous period. The locality currently offers a rental yield of 2.59%, providing investors with a baseline for income potential relative to the capital investment required for property ownership in this area.

Rental rates in IC Colony vary by unit size, with Studio apartments averaging ₹17,000 per month, 1 BHK units at ₹30,200 per month, 2 BHK units at ₹45,000 per month, and 3 BHK units at ₹60,000 per month as of June 2026. This tiered pricing allows tenants to choose options that align with their space requirements and budget, while also helping investors identify which unit types might attract the most consistent rental demand.

As of June 2026, Casa Baylord leads the rental market in IC Colony with a 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. These projects command premium rents due to their specific positioning and desirability, though it is worth noting that rental rates for projects like Exotica CHS and Veda CHS have experienced recent depreciations of 21.05% and 14.29% respectively.

Rental rates in the vicinity of IC Colony show significant variation; for instance, Mandapeshwar, Eksar, and Yogi Nagar all command higher rental rates of ₹100 per sq ft as of June 2026. Conversely, areas like Kandarpada and Dahisar West are more affordable, with average rental rates of ₹50 per sq ft, highlighting that IC Colony sits in a mid-range position compared to its immediate neighbours.

As of June 2026, Esperanca Apartment holds the highest listing rate in IC Colony at ₹30,700 per sq ft, followed closely by Evershine Residency at ₹30,500 per sq ft and Navkar Yellow Roses at ₹30,450 per sq ft. While listing rates for Esperanca Apartment have remained stable, Evershine Residency and Navkar Yellow Roses have seen minor price depreciations of 1.17% and 2.06% respectively over the comparison period.

Investors should look at the interplay between the average asking price of ₹29,200 per sq ft and the rental yield of 2.59% to assess long-term viability. With Ready To Move properties showing an appreciation of 1.65% to ₹25,600 per sq ft, the market indicates a preference for stability, while the variance in project-level listing rates suggests that thorough due diligence on specific developments like Navkar Happy Homes—which appreciated by 9.99%—is essential for identifying high-growth opportunities.