Navi Mumbai
The Kalundre real estate market shows positive momentum, with property values across different stages of development demonstrating consistent growth. Ready-to-move homes have seen a 3.66% increase, while under-construction units have appreciated by 5.99%, signaling strong buyer confidence in the locality. Recent registration data highlights a robust transaction environment, with 19 deals recorded recently, showcasing steady liquidity. Rental trends in surrounding areas like New Panvel and Khanda Colony provide a useful benchmark for investors evaluating potential yields in this corridor.
As of Sep 2026, the average asking price in Kalundre stands at ₹15,500 per sq ft. This figure reflects a consistent upward trend in the micromarket, having appreciated from ₹14,800 per sq ft in Dec 2025 to its current level, signaling sustained demand for residential properties in this area.
Property prices in Kalundre have demonstrated a steady growth trajectory throughout 2026. The micromarket rate rose from ₹14,800 per sq ft in Dec 2025 to ₹15,050 per sq ft in Mar 2026, reaching ₹15,450 per sq ft by Jun 2026, and finally settling at ₹15,500 per sq ft as of Sep 2026. This consistent quarter-over-quarter increase indicates a resilient market environment for both end-users and long-term investors.
Property rates in the vicinity of Kalundre vary significantly, with Kamothe Sector 21 commanding a higher average asking price of ₹16,900 per sq ft, which has appreciated by 17.06% compared to previous periods. In contrast, areas like New Panvel and Old Panvel currently see average asking prices of ₹14,100 per sq ft, with New Panvel experiencing a depreciation of 2.5% and Old Panvel showing a robust appreciation of 9.99%. Vadghar offers a more accessible entry point at ₹11,200 per sq ft, having appreciated by 0.65%.
As of Sep 2026, Ready To Move properties in Kalundre have an average price of ₹10,500 per sq ft, which has appreciated by 3.66% compared to previous periods. Under Construction properties are priced slightly higher at an average of ₹10,600 per sq ft, showing a stronger appreciation of 5.99%. This narrow price gap suggests that buyers are willing to pay a slight premium for newer, under-construction inventory, reflecting confidence in ongoing development projects in the locality.
Rental rates in the broader region surrounding Kalundre, such as New Panvel and Khanda Colony, currently average ₹50 per sq ft. Investors should note that these areas have seen a slight softening in rental values; New Panvel experienced a depreciation of 2.86%, while Khanda Colony saw a depreciation of 5.13% over the observed period. These trends suggest that while the area remains a key residential hub, landlords should monitor local supply dynamics closely when evaluating rental income potential.
