Property Rates in IC Colony, Mumbai 2026

The current 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 as of the period between August 2025 and July 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in premium residential pockets, and buyers should consider both when evaluating the total cost of acquisition.

The property market in IC Colony has shown a positive trajectory, with the average asking price reaching ₹29,200 per sq ft as of June 2026. Data from the preceding quarters shows that prices rose from ₹28,250 per sq ft in December 2025 to ₹29,200 per sq ft in March 2026, signalling sustained interest from both end-users and investors in this location.

As of June 2026, Ready To Move properties in IC Colony are priced at an average of ₹26,000 per sq ft, which has appreciated by 3.23% over the observed period. In contrast, Under Construction projects are currently priced at ₹24,900 per sq ft, having seen an appreciation of 1.94%. This pricing structure suggests that buyers are currently paying a premium for immediate possession and the elimination of construction-related risks.

The average rental yield in IC Colony is 2.59% as of June 2026. For investors, this yield represents the annual rental income relative to the capital investment in the property, serving as a key metric to evaluate the income-generating potential of residential assets in the area alongside potential capital appreciation.

As of June 2026, the rental market in IC Colony offers various options to suit different tenant profiles: Studio apartments are available at an average of ₹17,000 per month, 2 BHK apartments at ₹45,600 per month, and 3 BHK apartments at ₹60,000 per month. These rates provide a clear benchmark for tenants looking to lease in the area and for landlords assessing the market value of their properties.

As of June 2026, the projects commanding the highest rental rates 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 premium rental rates are indicative of the project's location, amenities, and overall desirability within the IC Colony micromarket.

Rental rates in the vicinity of IC Colony vary significantly, with areas like Mandapeshwar, Eksar, Govind Nagar, and Prem Nagar commanding higher average rentals of ₹100 per sq ft as of June 2026. Conversely, areas like Kandarpada, Dahisar West, Yogi Nagar, Maratha Colony, Anand Park, and Avdhut Nagar show more moderate rental rates of ₹50 per sq ft, reflecting the diverse rental landscape across these neighbouring localities.

As of June 2026, the projects with the highest listing rates in IC Colony include Esperanca Apartment at ₹30,700 per sq ft, Navkar Happy Homes at ₹30,650 per sq ft (which appreciated by 11.02% over the period), and Evershine Residency at ₹30,550 per sq ft. These projects represent the higher end of the local market, often reflecting superior construction quality or prime positioning within the locality.

As of June 2026, 'Well Occupied' properties in IC Colony are priced at ₹25,350 per sq ft, showing a depreciation of 5.17% compared to the previous period. This downward movement in price for older, well-occupied stock can often be attributed to a market correction or a preference shift toward newer, more modern residential developments, providing a potential entry point for buyers looking for value in established communities.