Property Rates in IC Colony, Mumbai 2026

Property prices in IC Colony have shown a consistent upward trajectory throughout 2026. Data from the quarterly trend analysis shows the location rate rising from ₹28,250 per sq ft in December 2025 to ₹29,200 per sq ft in March 2026, eventually reaching the current level of ₹32,950 per sq ft as of September 2026. This sustained growth signals high buyer confidence and limited supply in the area.

IC Colony currently commands an average asking price of ₹32,950 per sq ft, positioning it at a premium compared to several surrounding areas. For instance, Dahisar West and Kandivali West both report an average asking price of ₹26,800 per sq ft, while Borivali East is priced higher at ₹35,200 per sq ft as of September 2026. These variations reflect the specific micro-market demand and infrastructure advantages unique to each neighbourhood.

As of September 2026, ready-to-move properties in IC Colony are priced at an average of ₹27,700 per sq ft, having appreciated by 8.19% over the observed period. In contrast, under-construction projects are currently priced at ₹29,600 per sq ft, reflecting a sharper appreciation of 21.56%. This trend suggests that investors and buyers are showing a strong appetite for newer developments, which are commanding a premium over established, ready-to-move inventory.

The average rental yield in IC Colony stands at 2.19% as of September 2026. While this yield provides a baseline for income potential, investors should balance it against the current average asking price of ₹32,950 per sq ft. The rental market has seen a recent adjustment, with the average rental rate of ₹60 per sq ft experiencing a depreciation of 4.76% compared to previous periods, suggesting a need for careful evaluation of long-term capital growth versus immediate rental income.

Rental rates in IC Colony vary by unit size to cater to different tenant profiles. As of September 2026, a studio apartment typically rents for ₹17,000 per month, while a 1 BHK unit averages ₹30,200 per month. For larger families, 2 BHK apartments command an average of ₹45,000 per month, and 3 BHK units are available at an average of ₹60,000 per month. These figures help prospective tenants and landlords understand the prevailing market benchmarks for residential leasing.

Premium rental projects in IC Colony include Casa Baylord at ₹96 per sq ft and Om Sadguru CHS at ₹85 per sq ft as of September 2026. Other notable projects include Navkar Happy Homes at ₹74 per sq ft and Mhatre Tower at ₹73 per sq ft. These projects generally maintain stable rental rates, though some, like Exotica CHS and Veda CHS, have seen rental depreciations of 21.05% and 14.29% respectively, highlighting the importance of project-specific performance in the rental market.

The Government Registration Rate in IC Colony is currently ₹20,050 per sq ft, based on transactions recorded between November 2025 and October 2026. This is notably lower than the current market asking price of ₹32,950 per sq ft as of September 2026. Buyers should be aware that the market price reflects current seller expectations and demand, which often trades at a premium to the official registration benchmarks used for government documentation.

Buyers can use the property rate data for IC Colony to gauge market health and identify value. By comparing the current average asking price of ₹32,950 per sq ft (as of September 2026) against the historical quarterly trends and the Government Registration Rate of ₹20,050 per sq ft, buyers can determine if a property is priced competitively. Additionally, reviewing the status-wise pricing, such as the ₹29,600 per sq ft for under-construction units, helps in aligning purchase decisions with specific budget and timeline requirements.