Property Rates in Jacob Circle, Mumbai 2026

Property rates in the Jacob Circle micromarket have shown a fluctuating trajectory, moving from ₹46,200 per sq ft in September 2025 to ₹46,350 per sq ft in December 2025 and March 2026, before settling at ₹41,150 per sq ft as of June 2026. This recent decline suggests a softening in asking prices, which may provide a more favorable entry point for prospective buyers compared to the peak levels seen earlier in the year.

The average asking price in Jacob Circle, currently at ₹44,050 per sq ft as of June 2026, is significantly higher than the Government Registration Rate of ₹22,800 per sq ft recorded between September 2025 and August 2026. This gap between the market-driven asking price and the government-notified rate is common in premium South Mumbai localities and is an important factor for buyers to consider when calculating total acquisition costs and stamp duty obligations.

As of June 2026, ready-to-move properties in Jacob Circle are priced at an average of ₹36,300 per sq ft, having depreciated by 2.36% over the observed period. In contrast, under-construction projects are available at a lower average of ₹33,600 per sq ft, which has seen a marginal depreciation of 0.35%. This pricing structure indicates that buyers are currently paying a premium for immediate possession, though both segments have experienced slight downward price adjustments.

The most premium projects in Jacob Circle include Godrej Planet, with an average listing rate of ₹51,600 per sq ft (depreciated by 2.51%), followed by DB Views at ₹51,300 per sq ft (depreciated by 0.53%), and Laxmipooja Apartments at ₹49,850 per sq ft, which has notably appreciated by 20.39% as of June 2026. These projects represent the upper tier of the local real estate market, and their varying price movements reflect specific demand for high-end residential amenities in this geography.

The average rental rate in Jacob Circle stands at ₹204 per sq ft as of June 2026, a figure that has remained stable with 0% change over the recent period. This consistency in rental pricing, alongside the sale market, provides a baseline for tenants and landlords to evaluate lease agreements in the area.

Rental costs in Jacob Circle vary significantly by configuration: 1 BHK apartments average ₹31,650 per month, 2 BHK units average ₹2.29 Lakh per month, 3 BHK units average ₹3 Lakh per month, and 4 BHK residences command an average of ₹5.08 Lakh per month as of June 2026. This range allows tenants to choose properties based on their space requirements, with larger configurations reflecting the premium nature of the South Mumbai residential market.

As of June 2026, Planet Godrej leads the rental market in Jacob Circle with a current rate of ₹247 per sq ft, followed by Godrej Planet at ₹189 per sq ft and La View Tower at ₹150 per sq ft. These projects are highly sought after by tenants, and their rental rates have remained stable with 0% change, indicating a steady demand for established, high-quality residential complexes in the locality.

Rental rates in the vicinity of Jacob Circle show notable variation: Arthur Rd commands a premium at ₹250 per sq ft (appreciated by 3.56%), while Agripada and Nagpada both average ₹200 per sq ft, with Agripada seeing a significant appreciation of 29.63% and Nagpada rising by 19.1%. Meanwhile, areas like Chinchpokli and Lalbaug offer more accessible rental options at ₹100 and ₹150 per sq ft respectively, highlighting the diverse rental landscape surrounding Jacob Circle.

A prospective buyer should note that as of June 2026, there are 21 ready-to-move units compared to only 2 under-construction units in Jacob Circle, suggesting a market dominated by established housing. While ready-to-move properties are priced at ₹36,300 per sq ft, the limited new supply—specifically the 1 new launch project priced at ₹45,600 per sq ft—has seen a sharp appreciation of 32.76%, signaling that new, modern inventory is commanding a significant premium over older stock.