Mumbai
Kanjurmarg West presents a dynamic real estate environment characterized by a strong mix of ready-to-move and under-construction residential inventory. The market has maintained a consistent price trajectory, with recent registration data reflecting significant activity across high-value projects. Rental demand is robust, supported by a healthy yield of 3.73% and consistent interest in 1, 2, and 3 BHK apartment configurations. Development activity remains concentrated among established builders who continue to anchor the area's reputation for quality housing options.
As of June 2026, the average asking price in Kanjurmarg West is ₹27,000 per sq ft. This figure reflects a depreciation of 2.56% compared to the previous period, suggesting a slight market correction in the locality's overall pricing.
Property prices in Kanjurmarg West have shown a mixed trajectory over the last year. As of June 2026, the location rate stands at ₹27,950 per sq ft, up from ₹27,000 per sq ft in March 2026, following a dip from ₹27,700 per sq ft in December 2025. This fluctuation indicates a dynamic market where buyer interest and inventory levels continue to influence price discovery.
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 August 2025 and July 2026. This gap between the market-driven asking price and the government-notified rate is common in premium residential pockets and should be considered by buyers when calculating total acquisition costs.
As of June 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 the prior period. In contrast, ready-to-move properties are priced at an average of ₹25,550 per sq ft, reflecting a depreciation of 3.37% over the same timeframe. This pricing structure often reflects the modern amenities and newer construction standards found in upcoming projects.
Runwal leads the market in Kanjurmarg West with 22 recorded transactions, followed by Adani Realty with 3 transactions. Other active developers in the area include Space Developers, Mahindra Lifespaces, and Gundecha Builders, each contributing to the locality's residential development landscape as of June 2026.
Runwal Forests is the most transacted project in Kanjurmarg West with 22 transactions, currently priced at ₹27,250 per sq ft, which has appreciated by 5.69% compared to the previous period. Adani Airica follows with 3 transactions at ₹29,000 per sq ft, showing an appreciation of 1.36%, while Mahindra Lifespaces The Great Eastern Gardens recorded 2 transactions at ₹27,050 per sq ft, marking a depreciation of 12.24%.
As of June 2026, the average rental rate in Kanjurmarg West is ₹84 per sq ft, with rental yields currently at 3.73%. This yield offers investors a baseline for understanding the potential income generation relative to the capital investment required for residential apartments in the area.
Rental rates in Kanjurmarg West are tiered by unit size to cater to different tenant profiles. As of June 2026, 1 BHK apartments rent for an average of ₹40,050 per month, 2 BHK units average ₹53,150 per month, and 3 BHK apartments command an average of ₹86,250 per month. These figures provide a clear guide for landlords and tenants regarding the current monthly outgoings for residential space in the locality.
Among the premium rental projects in Kanjurmarg West as of June 2026, Runwal Forest Orchid leads with a rental rate of ₹88 per sq ft, despite a depreciation of 6.38%. Sheth Avante follows at ₹85 per sq ft, showing an appreciation of 3.66%, while Runwal Forests is at ₹84 per sq ft, reflecting a depreciation of 1.18%. These rates highlight the premium placed on specific projects that offer superior connectivity and lifestyle amenities.
Buyers should use this data to compare the current market asking price of ₹27,000 per sq ft against the Government Registration Rate of ₹18,300 per sq ft to gauge the premium they are paying for market-ready inventory. By observing the status-wise pricing—where under-construction units at ₹29,000 per sq ft are priced higher than ready-to-move units at ₹25,550 per sq ft—investors can better align their purchase strategy with their budget and timeline for possession.
