Property Rates in Kanjurmarg West, Mumbai 2026

Property prices in Kanjurmarg West have shown an upward trajectory, rising from ₹27,000 per sq ft in March 2026 to ₹28,150 per sq ft in June 2026. This consistent growth over the last quarter indicates strong buyer confidence and a resilient market. While the broader micromarket rate fluctuated during this period, the localized price movement in Kanjurmarg West suggests that the area remains a preferred choice for those looking for value appreciation in the Mumbai central suburbs.

As of June 2026, property rates in Kanjurmarg West vary by project status, with Under Construction projects commanding the highest average price at ₹30,300 per sq ft, which has appreciated by 4.44% compared to the previous period. Partially Ready To Move projects are priced at ₹28,400 per sq ft, showing a 4.25% appreciation. In contrast, Ready To Move properties are available at an average of ₹24,750 per sq ft, which has seen a depreciation of 3.26% over the same timeframe, offering a potentially more accessible entry point for immediate occupancy.

As of June 2026, the average rental rate in Kanjurmarg West is ₹95 per sq ft, which has appreciated by 13.1% compared to the previous period. The locality currently offers a rental yield of 4.05%, a key metric for investors evaluating the income potential of their assets. This yield suggests that property owners can expect a healthy return on investment relative to the capital outlay required for purchasing an apartment in the area.

As of June 2026, the rental market in Kanjurmarg West offers diverse options for tenants: 1 BHK apartments are available at an average of ₹41,100 per month, 2 BHK apartments at ₹53,450 per month, and 3 BHK apartments at ₹85,900 per month. These rates reflect the current demand for residential space in the locality, providing a range of choices for different tenant profiles, from young professionals seeking compact 1 BHK units to families requiring the larger space of 3 BHK configurations.

As of June 2026, premium projects in Kanjurmarg West include Runwal Forest Orchid at ₹88 per sq ft, Sheth Avante at ₹85 per sq ft, and Runwal Forests at ₹84 per sq ft. Among these, Sheth Avante has seen an appreciation of 3.66% in its rental rate compared to the previous period. Conversely, projects like Runwal Forest Orchid and Runwal Forests have experienced a depreciation of 6.38% and 1.18% respectively, which may provide opportunities for tenants to secure premium housing at more competitive rates.

Rental rates in Kanjurmarg West are part of a broader regional trend where various pockets command different premiums. As of June 2026, areas like Sainath Nagar command a significantly higher rental rate of ₹200 per sq ft, which has appreciated by 9.32%. Meanwhile, many surrounding areas such as Lbs Marg, Kanjurmarg East, and Utkarsh Nagar maintain a consistent rental rate of ₹100 per sq ft, with Utkarsh Nagar showing a notable appreciation of 14.47% compared to the previous period, indicating rising rental demand across the immediate vicinity.

As of June 2026, K Raheja Antares leads with a listing rate of ₹30,550 per sq ft, having appreciated by 5.24% compared to the previous period. Adani Airica follows closely at ₹30,050 per sq ft, with a 3.63% appreciation. Other prominent projects like Runwal Forests and Sheth Avante are listed at ₹28,400 per sq ft and ₹28,300 per sq ft respectively. Sheth Avante, in particular, has demonstrated significant growth with a 9.76% appreciation, highlighting its strong position in the current market.

The gap between the average asking price of ₹28,150 per sq ft and the Government Registration Rate of ₹17,500 per sq ft as of June 2026 indicates that Kanjurmarg West is a high-demand area where market premiums are substantial. Buyers should use the Government Registration Rate as a baseline for stamp duty and tax calculations, while the asking price represents the actual cost of acquiring property in the current market. This difference is typical in developing or premium urban localities where infrastructure and amenities drive market values well above official valuation benchmarks.

Kanjurmarg West presents a balanced landscape for both groups as of June 2026. For investors, the rental yield of 4.05% combined with an appreciation of 13.1% in rental rates suggests that the area is becoming increasingly attractive for income-generating assets. For end-users, the availability of both Ready To Move and Under Construction projects allows for flexibility in decision-making, though they should account for the fact that Under Construction projects are currently priced at a premium of ₹30,300 per sq ft compared to the Ready To Move average of ₹24,750 per sq ft.