Property Rates in Jacob Circle, Mumbai

In Jacob Circle, Mumbai, the residential property market is dominated by apartments, which currently average ₹44,040 per sq ft. This segment has experienced a notable decrease of 7.05% in its average price, suggesting a shifting market dynamic for apartment buyers.

Jacob Circle's property market offers a diverse range of options across different construction stages. Ready to Move properties are the most abundant, with 17 units averaging ₹37,172 per sq ft and showing a 10.02% decrease. Under Construction projects present 1 unit at ₹33,731 per sq ft, indicating a slight 0.28% increase. New Launch projects include 2 units priced at ₹34,342 per sq ft, with a 2.26% decrease, while Project on Hold units are priced higher at ₹51,566 per sq ft, reflecting a 1.77% increase.

Jacob Circle's real estate landscape is complemented by surrounding micro-markets, each with distinct pricing. Chinchpokli averages ₹39,821 per sq ft, while Agripada stands at ₹35,573 per sq ft, reflecting a 10.73% decrease. Byculla West commands ₹43,140 per sq ft, showing a slight increase of 0.22%, whereas Byculla East is priced at ₹35,250 per sq ft, down 14.86%. Ghodapdeo averages ₹36,827 per sq ft, and the broader Byculla locality is priced at ₹44,040 per sq ft. Further afield, Mahalaxmi is priced significantly higher at ₹60,590 per sq ft, and Lalbaug offers properties at ₹56,367 per sq ft, indicating a substantial 19.06% rise.

Top rental projects in Jacob Circle include Planet Godrej, with a current rental rate of ₹247 per sq ft, and Godrej Planet at ₹189 per sq ft. La View Tower also features in this segment, with a rental rate of ₹150 per sq ft, indicating these projects are key rental destinations.

The rental market in Jacob Circle offers a clear progression in pricing across different unit types. 1 BHK apartments are available for an average of ₹31,667 per month, while 2 BHK units command approximately ₹2.06 Lakh per month. Larger residences, such as 3 BHK apartments, are listed at an average of ₹2.83 Lakh per month, and 4 BHK units represent the premium segment, averaging ₹5.08 Lakh per month.

Rental rates vary across Jacob Circle's surrounding areas. Chinchpokli averages ₹129 per sq ft, while Agripada is at ₹135 per sq ft. Byculla West registers at ₹154 per sq ft, and Byculla averages ₹178 per sq ft, showing a 4.71% increase. Nagpada also averages ₹178 per sq ft. Higher rates are seen in Mahalaxmi Racecourse at ₹293 per sq ft and Mahalaxmi at ₹237 per sq ft, with a 5.33% increase. Lalbaug shows a lower rate of ₹126 per sq ft, down 8.7%.