Mumbai
The real estate market in Kanjurmarg East has shown consistent growth, with property prices reaching an average of ₹28,750 per sq ft. This upward trajectory is supported by a robust rental ecosystem, where apartments command an average monthly rent of ₹89 per sq ft, yielding an attractive 3.71% for landlords. Government registration data highlights significant liquidity, with 291 transactions recorded over the past year, totaling a gross value of ₹411 Cr. The developer landscape remains highly active, led by major players like Runwal and Arkade Group who continue to drive premium project launches in the vicinity.
As of March 2026, the average asking price in Kanjurmarg East is ₹28,750 per sq ft. This figure reflects an appreciation of 1.3% compared to the previous period, signaling a resilient and growing demand for residential properties in this locality.
Property prices in Kanjurmarg East have shown a consistent upward trajectory over the last few quarters. The average asking price rose from ₹27,400 per sq ft in June 2025 to ₹28,750 per sq ft by March 2026, indicating sustained buyer interest and a strengthening market position for the area.
The average asking price in Kanjurmarg East stands at ₹28,750 per sq ft, while the Government Registration Rate is currently ₹23,000 per sq ft. This gap between the market-driven asking price and the government-notified rate is a key metric for buyers to consider when evaluating the total cost of acquisition and potential stamp duty implications.
Rental rates in Kanjurmarg East vary by unit size, with 1 BHK apartments averaging ₹37,750 per month, 2 BHK units at ₹59,850 per month, and 3 BHK apartments at ₹85,900 per month as of March 2026. These figures provide a clear benchmark for tenants and landlords looking to understand the monthly income potential or housing costs in the locality.
The rental yield in Kanjurmarg East is 3.71% as of March 2026. For investors, this yield is a critical indicator of the annual rental income generated relative to the capital investment, helping them assess the long-term income potential of their property holdings in the area.
As of March 2026, premium projects in Kanjurmarg East include Arkade Earth Bluebell at ₹120 per sq ft, Runwal Bliss Wing E at ₹112 per sq ft, and Runwal Bliss Divine at ₹106 per sq ft. Notably, rental rates for Runwal Bliss Wing E have appreciated by 16.67% compared to the prior period, reflecting high demand for these specific developments.
Property prices vary across the region, with Bhandup East currently averaging ₹29,200 per sq ft, which has appreciated by 4.43% compared to the previous period. In contrast, Kanjurmarg West is at ₹27,000 per sq ft, showing a depreciation of 2.56% over the same timeframe, while areas like Tagore Nagar have seen significant growth, appreciating by 12.05% to reach ₹25,800 per sq ft.
Property prices in Kanjurmarg East are influenced by project status, with Ready To Move units averaging ₹21,700 per sq ft, which reflects a marginal depreciation of 0.65% compared to the previous period. Conversely, New Launch projects are priced at ₹22,000 per sq ft, having appreciated by 5.61%, while Under Construction projects are currently at ₹26,100 per sq ft, experiencing a 1.83% depreciation in the same timeframe.
Runwal leads the market in Kanjurmarg East with 10 transactions, followed by Arkade Group with 4 transactions, and RNA Builders NG with 3 transactions. This transaction activity highlights these developers as the most prominent players currently shaping the residential landscape in the locality.
Runwal Bliss is the most active project in Kanjurmarg East with 10 transactions, followed by N G Royal Park with 3 transactions, and Kanakia Spaces Zen World with 2 transactions. Runwal Bliss has seen a notable appreciation of 7.60% in its current rate of ₹29,650 per sq ft, underscoring its strong market appeal.
A buyer should view the steady rise in the average asking price—from ₹27,400 per sq ft in June 2025 to ₹28,750 per sq ft in March 2026—as a signal of market stability and consistent demand. By comparing these trends against specific project-level data and the Government Registration Rate of ₹23,000 per sq ft, buyers can better gauge whether a property is priced competitively relative to broader market benchmarks.
