Property Rates in Lokhandwala, Mumbai 2026

Property prices in Lokhandwala have shown a dynamic trajectory, with the average location rate moving from ₹31,450 per sq ft in September 2025 to ₹28,000 per sq ft in December 2025, before recovering to ₹30,150 per sq ft in March 2026 and reaching ₹30,300 per sq ft by June 2026. This recent upward movement suggests a resilient market where property values are stabilizing and trending higher following the fluctuations observed in late 2025.

As of June 2026, Under Construction projects in Lokhandwala command a premium average price of ₹40,650 per sq ft, which has remained stable with 0% change. In contrast, Ready To Move properties are priced at an average of ₹33,900 per sq ft, having appreciated by 4.29% from the previous period. This price gap often reflects the premium buyers are willing to pay for modern, new-build amenities in under-construction developments versus the immediate occupancy advantage of ready-to-move homes.

The rental yield in Lokhandwala is currently 3.46% as of June 2026, with an average rental rate of ₹87 per sq ft. This yield represents the annual rental income relative to the property's capital value, providing investors with a clear metric to evaluate the income-generating potential of their real estate assets in this area. The rental market has seen significant growth, with the average rental rate appreciating by 22.54% compared to the previous period.

As of June 2026, the rental market in Lokhandwala offers diverse options: 1 BHK apartments average ₹42,500 per month, while 2 BHK and 3 BHK units are priced at ₹94,200 and ₹94,850 per month, respectively. For those seeking larger spaces, 4 BHK apartments command an average of ₹1.4 Lakh per month. These figures help tenants and landlords understand the pricing tiers across different configurations, reflecting the premium nature of the locality.

As of June 2026, the premium rental market in Lokhandwala is led by Supreme 19 at ₹148 per sq ft and Brookh Hill Tower at ₹146 per sq ft. Other notable projects include Nebula CHS Andheri West at ₹96 per sq ft, Highland Tower at ₹64 per sq ft, and Akurli Shivshakti Chs at ₹56 per sq ft. These rates have remained stable with 0% change, highlighting these specific developments as top choices for high-end rental demand in the area.

Rental rates in the vicinity of Lokhandwala show significant variation, with areas like Kasam Baug commanding the highest rate at ₹150 per sq ft. Other neighbourhoods such as Kandivali East, Aagman, Tanji Nagar, Sankalp Colony, Malad East, and Riddhi Gardens all share a consistent average rental rate of ₹100 per sq ft as of June 2026. Conversely, areas like Magathane and the Food Corporation Of India Warehouse are more affordable, with rates at ₹50 per sq ft, though the latter has seen a depreciation of 11.54% compared to the previous period.

As of June 2026, Supreme 19 leads the market with a listing rate of ₹44,650 per sq ft, having appreciated by 15.18% over the measured period. Other high-value projects include Springfield II at ₹43,400 per sq ft, Kul Elixir at ₹41,600 per sq ft (which appreciated by 6.54%), and Purva Estrella at ₹40,650 per sq ft (up by 4.65%). These projects represent the premium segment of Lokhandwala, offering higher-than-average price points for prospective buyers.

A buyer should compare Lokhandwala's average asking price of ₹30,150 per sq ft against surrounding localities to gauge relative value. For instance, Gokuldham Colony is currently priced at ₹46,950 per sq ft, while Borivali East stands at ₹34,750 per sq ft, and Kandivali West is more accessible at ₹25,100 per sq ft. Understanding these variations helps buyers identify whether they are paying a premium for Lokhandwala’s specific location benefits or if nearby areas offer a more cost-effective alternative.

Property prices in Lokhandwala are currently in an appreciation phase. As of June 2026, the overall market asking price has appreciated by 7.7% compared to the previous period. This upward trend, supported by consistent demand for apartments, indicates a healthy and growing real estate market that may be attractive to both long-term investors and end-users.