Property Rates in Lalbaug, Mumbai

Property prices in Lalbaug, Mumbai have shown a mixed trend over the past year. After a period of no recorded data in Dec 2025 and Jun 2025, the micromarket rate was ₹28,223 per sq ft in Sep 2025. By Mar 2026, the micromarket rate increased to ₹46,372 per sq ft, indicating a significant appreciation. The overall location rate, however, was ₹56,367 per sq ft in Mar 2026, showing stability from a previous recorded rate of ₹47,342 per sq ft in Sep 2025.

Property rates in the vicinity of Lalbaug, Mumbai show considerable variation. Lower Parel has the highest average rate at ₹56,962 per sq ft, appreciating by 14.35% from the previous period. Parel follows with ₹46,047 per sq ft, up by 4.08%. In contrast, Upper Worli has seen a depreciation of 28.26%, with an average rate of ₹61,111 per sq ft. Byculla East has the lowest average rate at ₹35,250 per sq ft, experiencing a significant depreciation of 14.86%.

As of March 2026, the average price for apartments in Lalbaug, Mumbai is ₹56,367 per sq ft. This represents a substantial appreciation of 19.06% compared to the previous period, suggesting increased demand or value for apartment properties in the area.

In Lalbaug, Mumbai, properties that are 'Ready To Move' have an average price of ₹35,482 per sq ft, which has depreciated by 10.08% from the previous period. 'Under Construction' properties are priced at an average of ₹38,750 per sq ft, showing a depreciation of 16.34%. 'Well Occupied' properties are priced higher at ₹39,038 per sq ft, with a depreciation of 12.53%.

As of March 2026, Tejukaya Esperanza in Lalbaug, Mumbai has the highest listing rate at ₹56,367 per sq ft, showing an appreciation of 4.68%. Following closely are Royal Redidency at ₹46,666 per sq ft, which depreciated by 6.52%, and Gundecha KBK Magnum at ₹45,478 per sq ft, also experiencing a depreciation of 4.56%.

The average rental rate in Lalbaug, Mumbai is ₹126 per sq ft as of March 2026. The area offers a rental yield of 2.68%, which suggests the potential return on investment for property owners through rental income relative to the property's capital value. The average rental rate for apartments has depreciated by 8.7%.

In Lalbaug, Mumbai, rental costs vary significantly by BHK configuration. A 1 BHK apartment typically rents for ₹51,364 per month. For a 2 BHK apartment, the average rent increases to ₹87,100 per month. Larger 3 BHK apartments command a higher rent, averaging ₹1.75 Lakh per month, reflecting the demand for spacious living in the area.

Rental rates in the vicinity of Lalbaug, Mumbai show significant differences. Lower Parel leads with an average rental rate of ₹194 per sq ft, appreciating by 8.99%. Jacob Circle follows at ₹204 per sq ft, and Arthur Rd at ₹225 per sq ft, both showing no change. Parel has an average rental rate of ₹163 per sq ft, appreciating by 2.52%, while Sewri is at ₹157 per sq ft with no change. Areas like Dhaku Prabhuchi Wadi and Chinchpokli offer more moderate rates around ₹166 and ₹129 per sq ft respectively.

In Lalbaug, Mumbai, apartments have an average rental rate of ₹126 per sq ft, which has depreciated by 8.7% from the previous period. Shops in the area command a higher average rental rate of ₹166 per sq ft, with no change reported in its rental rate.

As of March 2026, Arthur Rd is the top project in Lalbaug, Mumbai for rental rates at ₹225 per sq ft. Vardhman Estate follows with a rental rate of ₹144 per sq ft, appreciating by 0.7%. Royal Redidency is also notable with a rental rate of ₹134 per sq ft, showing a significant appreciation of 17.54%.