Property Rates in Madanpura, Mumbai 2026

The current average asking price in Madanpura of ₹35,550 per sq ft is significantly higher than the Government Registration Rate of ₹20,550 per sq ft. This registration figure is based on 20 transactions recorded between August 2025 and July 2026, indicating that market-driven asking prices in the area currently command a premium over government-benchmarked values.

The micromarket rate in Madanpura remained stable at ₹46,350 per sq ft from December 2025 to March 2026, following a slight increase from ₹46,200 per sq ft in September 2025. While the most recent data for June 2026 shows a shift in reporting, the trajectory leading into the first quarter of 2026 suggests a period of price consolidation for investors and buyers in the region.

As of June 2026, Ready To Move properties in Madanpura are priced at an average of ₹31,400 per sq ft, which reflects a depreciation of 2.39% over the observed period. In comparison, Under Construction projects are priced at ₹31,150 per sq ft, showing a depreciation of 2.43%, while Well Occupied properties are currently listed at ₹31,000 per sq ft, having depreciated by 3.12%.

Zainab Tower stands out as a key project in Madanpura, leading in both transaction volume and value as of June 2026. With 2 recorded transactions, the project is currently priced at ₹31,450 per sq ft, which represents an appreciation of 20.75% compared to the prior period, signaling strong buyer interest in this specific development.

As of June 2026, Baug E Usman Heights is the highest-priced project in the area with a listing rate of ₹33,400 per sq ft, despite a depreciation of 1.06%. Other premium options include Court Royal at ₹32,200 per sq ft (depreciated by 0.81%) and Zainab Tower at ₹31,450 per sq ft, which has maintained price stability over the recent period.

Rental rates in Madanpura vary significantly by unit size as of June 2026. A 1 BHK apartment typically commands a monthly rent of ₹54,650, while a 3 BHK apartment is available at an average monthly rent of ₹1.77 Lakh. These figures provide a clear benchmark for tenants and landlords looking to understand the income potential of different residential configurations in the locality.

Rental rates in the vicinity of Madanpura show distinct variations, with Arthur Rd commanding the highest rate at ₹250 per sq ft. Other areas like Nagpada, Jacob Circle, and Byculla maintain a rental rate of ₹200 per sq ft, with Byculla showing an appreciation of 4.71% in rental value. Conversely, areas like Tadwadi are more affordable at ₹100 per sq ft, offering a range of options for different tenant profiles.

The recent depreciation in Madanpura, such as the 2.36% decline in apartment prices as of June 2026, often points to a market correction or a shift in supply-demand dynamics. For prospective buyers, this may present a more favorable entry point compared to previous quarters, whereas investors should monitor whether this trend stabilizes in the coming months before making long-term capital commitments.

Property rates in the broader region show a wide spectrum, with Girgaon being the most premium at ₹1.16 Lakh per sq ft, having appreciated by 49.22% as of June 2026. In contrast, Nagpada and Agripada are priced at ₹35,100 per sq ft and ₹35,550 per sq ft respectively, both showing depreciation. Understanding these disparities helps buyers identify which neighbourhoods offer better value relative to the premium commanded by central hubs like Tardeo or Mahalaxmi.