Property rates in Kalbadevi average ₹42,400 per sq ft, reflecting a 5.36% increase in the apartment segment. This historic district maintains a steady demand for both ready-to-move and under-construction residences. With projects like Ostwal And Neumec Nikhil Heights commanding premium rates of ₹55,950 per sq ft, the area continues to attract significant interest from buyers looking for well-connected residential options in the heart of South Mumbai.
Insights for Kalbadevi, Mumbai Real Estate Market Overview
The real estate market in Kalbadevi presents a mix of established residential charm and modern development opportunities. Recent government registration data indicates 34 transactions totaling ₹30 Cr, highlighting consistent activity levels across the locality. Rental options remain focused on studio apartments, while the supply of ready-to-move projects provides immediate choices for prospective homeowners. Competitive pricing in under-construction segments suggests ongoing developer confidence in the area's long-term value.
Apartment properties lead the market with an average rate of ₹42,400 per sq ft, marking a 5.36% growth.
Under-construction projects are currently priced at ₹39,900 per sq ft, showing a positive trend of 6.32%.
Ostwal And Neumec Nikhil Heights has seen a notable 28.26% increase in its asking rate, reaching ₹55,950 per sq ft.
Ready-to-move residential units remain accessible, averaging ₹31,900 per sq ft for those seeking immediate possession.
Studio apartments in the locality command average monthly rents of ₹30,850.
Market Strengths
The apartment segment demonstrates a robust 5.36% annual growth, confirming its status as the primary driver of the local market.
Under-construction inventory shows a healthy 6.32% price increase, highlighting developer and buyer confidence.
High-end projects like Ostwal And Neumec Nikhil Heights command strong market interest with a 28.26% surge in value.
The locality maintains a consistent transaction volume with 34 registrations recorded in the recent period.
Diverse project statuses cater to both immediate occupancy and future investment requirements.
Market Challenges
Ready-to-move projects have seen an -8.55% adjustment in rates, reflecting a competitive pricing environment for immediate occupancy.
Well-occupied properties are currently priced at -7.54% compared to previous trends, indicating a cooling in secondary market valuations.
Several established residential complexes such as Mehta House Apartments have experienced a -21.12% change in asking rates.
Investment Opportunities
Under-construction projects offer a 6.32% growth trend, presenting a potential value-add for long-term investors.
Studio apartments provide a specialized rental option with an average monthly income of ₹30,850.
The 5.36% appreciation in apartment rates indicates a steady demand for residential assets in the locality.
Well-located projects like Ostwal And Neumec Nikhil Heights have shown a significant 28.26% rate increase, signaling strong capital appreciation potential.
Top Localities in Kalbadevi, Mumbai
Marine Lines
Avg Price₹ 99,900 /Sq.Ft.
Avg Rent₹ 219 /Sq.Ft.
YIELD
+ 2.63
LISTINGS
42
Price Trend
Kalbadevi, Mumbai Property Price Trends and Appreciation
The surrounding micromarkets offer a wide spectrum of pricing, ranging from the more accessible Nagpada at ₹35,050 per sq ft to the highly exclusive Altamount Road at ₹1.35 Lakh per sq ft. Tardeo has emerged as a high-growth area with a 20.86% price increase, while Kemps Corner follows closely with a 31.28% jump in value. These variations provide buyers with diverse choices depending on their budget and preference for proximity to South Mumbai's key hubs.
Kalbadevi's real estate market is primarily defined by its apartment segment, which maintains an average rate of ₹42,400 per sq ft. This category has experienced a 5.36% growth, reflecting consistent demand for residential living spaces in this central location.
The market provides varied options based on completion timelines, with 82 ready-to-move units currently averaging ₹31,900 per sq ft. For those looking for newer inventory, 5 under-construction projects are available at an average of ₹39,900 per sq ft, which reflects a 6.32% increase in value. Meanwhile, well-occupied projects maintain a stable presence in the locality at an average rate of ₹31,450 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Kalbadevi
Top Projectsin Kalbadevi
Godrej Trilogy is the top project in Kalbadevi with prices from ₹ 18.89 Cr to 29.96 Cr.
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 31.35 Cr - ₹ 62.7 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Neumec leads in Mumbai with 45 projects and 20 years of experience.
Premium residential projects in Kalbadevi set high benchmarks, with Ostwal And Neumec Nikhil Heights leading at ₹55,950 per sq ft following a 28.26% increase. Agarwal House Apartment and Ajmera Midtown are both positioned at ₹50,800 per sq ft, showcasing growth rates of 16.92% and 17.27% respectively. These projects represent the aspirational segment of the local market.
The development landscape in Kalbadevi is supported by active builders including Aditya Enterprises, Naminath Group of Companies, Sanghvi Group, and Shagun Group. Each of these developers has contributed to the local inventory, maintaining a consistent presence in the residential market.
Government Registrations
Government Registration in Kalbadevi, Mumbai
Official registration data for the period between November and October confirms 34 transactions with a gross value of ₹30 Cr. The average registered rate for these deals stood at ₹17,700 per sq ft, underscoring the active turnover of properties in the locality. Developer participation remains steady, with firms like Aditya Enterprises and Sanghvi Group contributing to the ongoing market momentum.
Sales Transactions34
Gross Sales Value₹ 30 Cr
Registered Rate₹ 17,700/Sq.Ft
Recent Registered Transactions
Recent Registered Transactions in Kalbadevi
Recent government records show 34 property registrations in Kalbadevi, totaling a gross value of ₹30 Cr. These transactions were completed at an average registered rate of ₹17,700 per sq ft.
Date
Floor/Unit
Tower/Wing
Area
Value
Rate/Sq.Ft.
2026-07-16
Floor 5, Unit 21
N/A
188 Sq.Ft.
2026-06-05
Floor 13, Unit 1303
A
567 Sq.Ft.
2026-05-07
Floor 5, Unit 22
N/A
160 Sq.Ft.
2026-02-27
Floor G, Unit 7
N/A
252 Sq.Ft.
2026-02-24
Floor 28, Unit 2803
A
554 Sq.Ft.
2026-02-09
Floor G, Unit 2, 3
N/A
980 Sq.Ft.
2026-01-23
Floor G, Unit 9
N/A
144 Sq.Ft.
2026-01-12
Unit 12
N/A
120 Sq.Ft.
2025-12-19
Floor G, Unit 9
N/A
228 Sq.Ft.
2025-12-16
Floor 1, Unit 105
N/A
128 Sq.Ft.
Rental Trends
Rental Trends and Average Rent in Kalbadevi, Mumbai
Studio apartments in Kalbadevi are the primary residential rental unit type, maintaining an average monthly rate of ₹30,850. This consistent rental demand supports the area's appeal for professionals and individuals seeking centrally located living spaces. Rental rates across nearby areas vary significantly, with Churchgate and Gamdevi commanding the highest rates at ₹250 per sq ft. Conversely, Shapur Baug and Mazgaon offer more budget-friendly options at ₹100 per sq ft. Locations such as Marine Lines, Marine Drive, and Nagpada maintain a steady average of ₹200 per sq ft.
Studio apartments in Kalbadevi are the primary residential rental unit type, maintaining an average monthly rate of ₹30,850. This consistent rental demand supports the area's appeal for professionals and individuals seeking centrally located living spaces.
Rental rates across nearby areas vary significantly, with Churchgate and Gamdevi commanding the highest rates at ₹250 per sq ft. Conversely, Shapur Baug and Mazgaon offer more budget-friendly options at ₹100 per sq ft. Locations such as Marine Lines, Marine Drive, and Nagpada maintain a steady average of ₹200 per sq ft.
Frequently Asked Questions About Property Rates in Kalbadevi, Mumbai
What is the current average asking price in Kalbadevi?
As of Sep 2026, the average asking price in Kalbadevi stands at ₹40,950 per sq ft. This figure reflects a market trajectory that has shown fluctuations over the past year, with the rate moving from ₹46,350 per sq ft in Dec 2025 to its current level. Investors and homebuyers should note that these price movements are indicative of the broader demand-supply dynamics within this South Mumbai micromarket.
How does the asking price in Kalbadevi compare to the Government Registration Rate?
The average asking price in Kalbadevi of ₹40,950 per sq ft as of Sep 2026 is significantly higher than the Government Registration Rate of ₹17,700 per sq ft. This registration rate is based on 34 transactions recorded between Nov 2025 and Oct 2026, totaling a gross value of ₹30 Cr. The gap between the market asking price and the government-registered value often highlights the premium commanded by specific amenities, project quality, and current market sentiment in the area.
How do property rates in Kalbadevi vary by project status?
As of Sep 2026, property rates in Kalbadevi differ based on the construction stage: Under Construction projects are priced at ₹39,900 per sq ft, which has appreciated by 6.32% compared to the previous period. Conversely, Ready To Move properties are currently priced at ₹31,900 per sq ft, reflecting a depreciation of 8.55% over the same timeframe. Well Occupied properties are trading at ₹31,450 per sq ft, showing a depreciation of 7.54%.
Which projects in Kalbadevi currently command the highest listing rates?
As of Sep 2026, Ostwal And Neumec Nikhil Heights leads the market with a listing rate of ₹55,950 per sq ft, having appreciated by 28.26% compared to the previous period. Other premium projects include Agarwal House Apartment and Ajmera Midtown, both listed at ₹50,800 per sq ft, with appreciation rates of 16.92% and 17.27% respectively. These projects represent the higher end of the pricing spectrum in Kalbadevi, reflecting strong demand for quality residential developments in the locality.
What is the rental landscape for Studio apartments in Kalbadevi?
As of Sep 2026, Studio apartments in Kalbadevi command an average monthly rent of ₹30,850. This rental data provides a baseline for tenants looking for compact living spaces in this central location. While broader rental rates per sq ft vary across nearby areas, this specific BHK-wise statistic helps potential renters and investors gauge the monthly income potential for smaller residential units in the heart of the city.
How do rental rates compare across various neighbourhoods near Kalbadevi?
Rental rates in the vicinity of Kalbadevi show significant variation, with premium areas like Churchgate and Gamdevi commanding ₹250 per sq ft, though Gamdevi has seen a depreciation of 5.37% compared to the previous period. Other areas such as Marine Lines, Marine Drive, Grant Road, Nagpada, and Babulnath all currently average ₹200 per sq ft. Notably, Babulnath experienced a sharp depreciation of 16.8% in rental rates, whereas Grant Road saw an appreciation of 1.61% over the same timeframe. These differences allow tenants to choose locations based on their budget and proximity to key transit hubs.
How should investors interpret the price trends in Kalbadevi?
Investors looking at Kalbadevi should observe that the micromarket rate has shifted from ₹46,350 per sq ft in Mar 2026 to ₹40,950 per sq ft as of Sep 2026. This downward adjustment in the average asking price suggests a period of market correction or stabilization. By monitoring these quarterly trends alongside the performance of specific project types—such as the 6.32% appreciation in Under Construction properties—investors can better time their entry into the market to align with long-term value growth.
