Property Rates in Kalbadevi, Mumbai 2026

Property prices in Kalbadevi vary significantly when compared to surrounding areas. For instance, Altamount Road commands a premium at ₹1.31 Lakh per sq ft, having appreciated by 38.64% from June 2025 to June 2026. Conversely, areas like Nagpada are priced at ₹35,100 per sq ft, which reflects a depreciation of 11.81% over the same period. Other nearby hubs include Girgaon at ₹1.16 Lakh per sq ft (up 49.22% from June 2025 to June 2026) and Grant Road at ₹55,700 per sq ft (up 16.55% from June 2025 to June 2026). These differences highlight the diverse market segments available to investors in South Mumbai.

The average asking price in Kalbadevi is currently ₹41,150 per sq ft as of June 2026, while the Government Registration Rate is recorded at ₹19,700 per sq ft for the period of September 2025 to August 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is common in established urban localities and is a key factor for buyers to consider when calculating total acquisition costs and stamp duty obligations.

Property status significantly influences pricing in Kalbadevi, with Under Construction projects currently averaging ₹37,550 per sq ft, reflecting an appreciation of 1.24% from the previous period. In contrast, Ready To Move units are priced at ₹34,900 per sq ft, which has seen a depreciation of 1.53% from the previous period. Additionally, Well Occupied properties are trading at ₹34,000 per sq ft, marking a 4.97% depreciation over the same timeframe. These variations allow buyers to choose between immediate possession or potential capital appreciation during the construction phase.

As of June 2026, Mehta House Apartments leads the listing rates in Kalbadevi at ₹44,900 per sq ft, showing a notable appreciation of 35.55% compared to the previous period. Other prominent projects include Ostwal And Neumec Nikhil Heights at ₹43,650 per sq ft (depreciated by 4.45%) and Agarwal House Apartment at ₹43,450 per sq ft (depreciated by 4.84%). These projects represent the premium end of the local market, and their varying price trajectories reflect the specific demand dynamics for each development.

The rental market across the Kalbadevi region shows diverse pricing depending on the specific neighbourhood. As of June 2026, premium areas like Churchgate and Gamdevi command rental rates of ₹250 per sq ft, with Gamdevi showing a significant appreciation of 31.82% from the previous period. Meanwhile, more accessible areas like Mazgaon offer lower rental rates at ₹100 per sq ft, which have remained stable with 0% change. These variations provide tenants with a range of options, from high-end central localities to more budget-friendly residential pockets.

As of June 2026, a Studio apartment in Kalbadevi is available at an average monthly rent of ₹30,850. This rental figure provides a benchmark for individuals or professionals seeking compact, centrally located living spaces in South Mumbai. Understanding this monthly cost is helpful for tenants planning their housing budget in this high-demand urban corridor.

Investors should view the price trends in Kalbadevi as a reflection of a mature, established market. The micromarket rate moved from ₹46,200 per sq ft in September 2025 to ₹41,150 per sq ft in June 2026. This trajectory indicates a period of price correction or stabilization, which can offer entry points for long-term investors looking to acquire assets in a prime South Mumbai location. Always compare these trends against the Government Registration Rate to ensure a comprehensive understanding of the property's value.