Property Rates in Kanjurmarg West, Mumbai 2026

The average asking price in Kanjurmarg West is currently ₹28,150 per sq ft, which sits notably higher than the Government Registration Rate of ₹17,500 per sq ft as of Sep 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is a common indicator of the premium value placed on residential assets in this area.

The property market in Kanjurmarg West has shown a dynamic trajectory, with the average asking price reaching ₹28,150 per sq ft as of Sep 2026. Data from the preceding quarters shows a fluctuation in market rates, moving from ₹27,700 per sq ft in Dec 2025 to ₹27,000 per sq ft in Mar 2026, before stabilizing at the current level. This movement reflects the evolving supply and demand balance within the local residential sector.

As of Sep 2026, under-construction properties in Kanjurmarg West command a higher average price of ₹30,300 per sq ft, having appreciated by 4.44% over the observed period. In contrast, ready-to-move properties are priced at an average of ₹24,750 per sq ft, which reflects a depreciation of 3.26% compared to the previous period. This pricing structure suggests that buyers are currently paying a premium for newer, under-construction inventory compared to established ready-to-move units.

The average rental yield in Kanjurmarg West stands at 4.05% as of Sep 2026. This yield provides a key metric for investors looking to balance capital appreciation with consistent rental income, especially when considered alongside the current average rental rate of ₹95 per sq ft, which has appreciated by 13.1% over the observed period.

As of Sep 2026, the rental market in Kanjurmarg West offers varied options for tenants: 1 BHK apartments average ₹41,100 per month, 2 BHK apartments average ₹53,450 per month, and 3 BHK apartments average ₹85,900 per month. These rates provide a clear benchmark for tenants and landlords to assess market value based on the size and configuration of the property.

As of Sep 2026, top projects by rental rates include Runwal Forest Orchid at ₹88 per sq ft, Sheth Avante at ₹85 per sq ft, and Runwal Forests at ₹84 per sq ft. While Runwal Forest Orchid saw a depreciation of 6.38% and Runwal Forests saw a depreciation of 1.18%, Sheth Avante experienced an appreciation of 3.66% over the observed period, highlighting the varying rental performance even among premium projects in the locality.

Rental rates across nearby areas show significant variation as of Sep 2026, with Sainath Nagar commanding the highest rate at ₹200 per sq ft, reflecting an appreciation of 9.32%. Other areas like Lbs Marg, Kanjurmarg East, and Utkarsh Nagar all maintain a consistent average rental rate of ₹100 per sq ft, with Utkarsh Nagar showing a notable appreciation of 14.47% compared to the previous period. Meanwhile, Bhandup West currently averages ₹50 per sq ft, having seen a depreciation of 8.97%.

As of Sep 2026, K Raheja Antares leads with a listing rate of ₹30,550 per sq ft, showing an appreciation of 5.24%. Other notable projects include Adani Airica at ₹30,050 per sq ft (up 3.63%) and Runwal Forests at ₹28,400 per sq ft (up 4.25%). These rates reflect the current market positioning of these developments within the Kanjurmarg West residential landscape.

Buyers should use the provided data to compare current asking prices against historical trends and status-wise segments to identify value. For instance, knowing that the average asking price is ₹28,150 per sq ft as of Sep 2026 and that under-construction projects are currently priced at ₹30,300 per sq ft allows for a more informed decision regarding whether to prioritize immediate possession or long-term capital growth. Always consider the appreciation or depreciation percentages to understand if a specific project or segment is currently trending upward or undergoing a correction.