Property Rates in Kanjurmarg West, Mumbai

Kanjurmarg West, Mumbai, presents a vibrant real estate market characterized by competitive pricing and robust transaction activity. The current asking price of ₹27,077 per sq ft for properties positions it strategically within the broader Mumbai Central Suburbs, which commands a higher average. Quarterly price trends indicate a slight dip from a peak of ₹28,316 per sq ft in June 2025 to ₹27,188 in September 2025, before recovering to ₹27,706 by December 2025, suggesting a responsive market. The market is overwhelmingly dominated by the apartment segment, with an average price of ₹27,077 per sq ft, though this segment has experienced a minor decrease of 2.27%. In terms of property status, Ready To Move units are the most prevalent, with 27 properties averaging ₹27,214 per sq ft and showing a healthy 4.94% appreciation. Under Construction projects, while fewer in number (2 units), are priced higher at ₹28,868 per sq ft. Transaction data highlights significant activity, with 260 properties registered between April 2025 and March 2026, amounting to a gross value of ₹398 Cr, and an average registered rate of ₹18,300 per sq ft. Key projects like Runwal Forests have seen substantial transaction volumes, with 12 deals recorded. Developers such as Runwal, Adani Realty, and Ashwin Sheth Group are leading the market in terms of transaction numbers, underscoring their influence and buyer trust. While the market shows strong fundamentals, the absence of average rental data could indicate a less developed rental segment, potentially posing a challenge for pure rental income investors.