Property Rates in Madanpura, Mumbai 2026

Property prices in Madanpura have experienced a downward adjustment in the most recent quarter, moving from ₹46,350 per sq ft in March 2026 to ₹40,300 per sq ft in June 2026. Prior to this, the market remained stable at ₹46,350 per sq ft between December 2025 and March 2026, following a slight increase from ₹46,200 per sq ft in September 2025. This recent trajectory suggests a period of market correction, which may offer more competitive entry points for prospective buyers.

Property prices in Madanpura are part of a diverse real estate landscape in South Mumbai, where rates vary significantly by neighbourhood. As of June 2026, nearby areas like Tardeo command higher rates at ₹89,400 per sq ft (which appreciated by 20.86% from June 2025 to June 2026), while areas like Byculla East are priced at ₹32,550 per sq ft (which depreciated by 7.72% from June 2025 to June 2026). Other nearby hubs include Mahalaxmi at ₹62,000 per sq ft, which appreciated by 2.32% over the same period, and Nagpada at ₹35,050 per sq ft, which saw a marginal depreciation of 0.18%.

As of June 2026, Ready To Move properties in Madanpura are priced at an average of ₹33,300 per sq ft, having appreciated by 5.18% from June 2025 to June 2026. In comparison, Under Construction projects are currently priced at ₹32,500 per sq ft, which reflects an appreciation of 4.33% over the same period. This indicates that completed, move-in-ready homes currently command a slight premium over under-construction inventory in the locality.

Rental rates in Madanpura vary significantly based on the configuration of the apartment. As of June 2026, a 1 BHK apartment typically commands a monthly rent of ₹54,650, while a larger 3 BHK apartment averages ₹1.77 Lakh per month. These figures provide a clear baseline for tenants and landlords to understand the current rental market demand for different living spaces in the area.

Rental rates in the vicinity of Madanpura show a wide range of pricing depending on the specific locality. As of June 2026, Arthur Rd commands the highest rental rate among nearby areas at ₹250 per sq ft, having appreciated by 3.56% from June 2025 to June 2026. Other areas like Nagpada, Agripada, Jacob Circle, and Grant Road all share a rental rate of ₹200 per sq ft, with Nagpada and Agripada showing significant appreciation of 19.1% and 29.63% respectively over the same period. Conversely, Chinchpokli offers more accessible rental options at ₹100 per sq ft, though it experienced a depreciation of 4.65% from June 2025 to June 2026.

KSA AL Rayyan leads the list of projects in Madanpura with a current listing rate of ₹43,800 per sq ft as of June 2026, showing a notable appreciation of 40.32% from June 2025 to June 2026. Other prominent projects include Baug E Usman Heights at ₹33,700 per sq ft (up 1.83%), KSA Square at ₹33,000 per sq ft (up 5.7%), and Court Royal at ₹32,850 per sq ft (up 1.68%). These projects represent a range of price points, with KSA AL Rayyan standing out as a premium option in the current market.

The Government Registration Rate provides a baseline for official property transactions, while the asking price reflects the current market sentiment and seller expectations. In Madanpura, while the market average is ₹40,300 per sq ft, actual transaction values can vary based on project amenities, floor rise, and specific unit features. Buyers should use the Government Registration Rate as a reference for stamp duty and registration calculations, while using the average asking price to gauge whether a property is priced competitively against the broader market trends observed as of June 2026.