Property Rates in Kanjurmarg West, Mumbai 2026

Property prices in Kanjurmarg West have shown a mixed trajectory over the last four quarters. As of March 2026, the location rate stands at ₹27,000 per sq ft, down from ₹27,700 per sq ft in December 2025. This follows a period of fluctuation where rates moved from ₹27,200 per sq ft in September 2025 to ₹28,300 per sq ft in June 2025, indicating that buyers and investors should monitor these quarterly shifts closely to gauge long-term stability.

The average asking price in Kanjurmarg West is currently ₹27,000 per sq ft, which is notably higher than the Government Registration Rate of ₹18,300 per sq ft recorded between June 2025 and May 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is a key metric for buyers to consider when evaluating the total cost of acquisition and potential financing requirements.

As of March 2026, under-construction properties in Kanjurmarg West command a premium, with an average price of ₹29,000 per sq ft, which has appreciated by 0.43% compared to previous data. In contrast, ready-to-move properties are priced at an average of ₹25,650 per sq ft, reflecting a depreciation of 3.12% over the same period. This price positioning often reflects the modern amenities and newer infrastructure typically associated with under-construction projects compared to established, ready-to-move housing stock.

Runwal is the most active developer in Kanjurmarg West, leading with 22 transactions as of March 2026. Other prominent developers contributing to the local market activity include Adani Realty with 3 transactions, followed by Space Developers, Mahindra Lifespaces, and Gundecha Builders, each recording 2 transactions. This concentration of activity highlights the significant footprint of established players in shaping the residential landscape of the area.

Runwal Forests is the top project in Kanjurmarg West by transaction volume, recording 22 transactions with a current rate of ₹27,250 per sq ft, which has appreciated by 5.69% compared to previous periods. Other notable projects include Adani Airica with 3 transactions at ₹29,000 per sq ft (up 1.36%) and Mahindra Lifespaces The Great Eastern Gardens with 2 transactions at ₹27,050 per sq ft, which has seen a depreciation of 12.24%.

As of March 2026, the average rental rate in Kanjurmarg West is ₹84 per sq ft, with rental rates remaining stable at 0% change. The locality offers a rental yield of 3.73%, a critical indicator for investors that helps them assess the annual income potential relative to the capital invested in property.

Rental rates in Kanjurmarg West vary significantly by unit size as of March 2026. A 1 BHK apartment typically rents for ₹39,550 per month, while a 2 BHK unit averages ₹53,350 per month. For larger requirements, a 3 BHK apartment commands an average rent of ₹85,950 per month, providing a clear range for tenants and landlords to align their expectations with current market demand.

As of March 2026, Runwal Forest Orchid leads the rental market in Kanjurmarg West with a rate of ₹88 per sq ft, though this has seen a depreciation of 6.38% compared to previous periods. Other premium rental projects include Sheth Avante at ₹85 per sq ft (up 3.66%) and Runwal Forests at ₹84 per sq ft, which has depreciated by 1.18%. These rates reflect the diverse rental value proposition across the locality's top residential developments.

Buyers should use the property rate data for Kanjurmarg West to compare the current asking price of ₹27,000 per sq ft against historical trends and the Government Registration Rate of ₹18,300 per sq ft. By observing the price differences between ready-to-move and under-construction segments, as well as the transaction activity of top developers like Runwal, buyers can better assess the value and risk profile of their potential investment in the March 2026 market.