Property Rates in Madanpura, Mumbai 2026

The average asking price in Madanpura currently stands at ₹41,150 per sq ft as of June 2026, which is significantly higher than the Government Registration Rate of ₹20,550 per sq ft. The Government Registration Rate is based on 15 transactions recorded between August 2025 and July 2026, totaling a gross value of ₹14 Cr. Buyers should be aware that the market-driven asking price often exceeds the government-notified rate, which is a common trend in established urban pockets.

Property rates in Madanpura have shown a downward adjustment over the recent quarters, moving from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026. This trend suggests a period of price correction or softening demand in the immediate term. Monitoring these quarterly shifts is essential for potential buyers to identify entry points that align with their long-term investment goals.

Property prices in Madanpura, at ₹41,150 per sq ft, sit in the mid-to-high range when compared to surrounding areas in Mumbai. For instance, Girgaon commands a significantly higher rate of ₹1.16 Lakh per sq ft, having appreciated by 49.22% from June 2025 to June 2026. Conversely, more affordable options exist in Nagpada at ₹35,100 per sq ft (which depreciated by 11.81% over the same period) and Byculla East at ₹35,250 per sq ft (which depreciated by 7.84%).

As of June 2026, Ready To Move properties in Madanpura are priced at an average of ₹31,650 per sq ft, while Under Construction projects are available at ₹31,150 per sq ft. Ready To Move units have seen a depreciation of 1.54% compared to the previous period, whereas Under Construction properties have experienced a depreciation of 2.44%. This narrow price gap between the two statuses indicates a relatively stable market where the premium for immediate possession is currently modest.

The residential market in Madanpura features several notable projects, including Baug E Usman Heights at ₹33,100 per sq ft and Ayesha Apartment at ₹32,800 per sq ft as of June 2026. Other significant projects include Court Royal at ₹32,300 per sq ft, which saw a 0.52% depreciation, and Khadija Tower, which remains stable at ₹32,200 per sq ft. These projects represent the current supply landscape, with rates reflecting their specific amenities, age, and location within the locality.

In Madanpura, the rental market offers distinct options based on unit size as of June 2026. A 1 BHK apartment typically commands an average rent of ₹54,650 per month, while a 3 BHK apartment is available for an average of ₹1.77 Lakh per month. These figures provide a clear benchmark for tenants looking for residential space in the area and for investors evaluating the potential monthly income from their assets.

Rental rates in the vicinity of Madanpura show significant variation, with Arthur Rd commanding the highest rate at ₹250 per sq ft, having appreciated by 3.56% compared to the prior period. Other areas like Nagpada, Agripada, Jacob Circle, and Grant Road all share an average rental rate of ₹200 per sq ft, with Agripada showing a notable appreciation of 29.63%. In contrast, Chinchpokli offers more competitive rental pricing at ₹100 per sq ft, despite a depreciation of 4.65%.