Property Rates in Mahim, Mumbai

As of March 2026, the average asking price in Mahim is ₹50,241 per sq ft, while the government registration rate is ₹30,441 per sq ft. This substantial difference suggests that market asking prices are considerably higher than the rates registered with the government, a common scenario reflecting market dynamics and negotiation ranges.

Property prices in Mahim have shown a notable upward trajectory. From December 2025 to March 2026, the average location rate appreciated by 9.42%, reaching ₹50,241 per sq ft. Prior to this, prices saw a slight dip from June 2025 to September 2025, but then recovered and grew significantly in the subsequent quarters, indicating a generally positive market sentiment.

Property rates in Mahim show considerable variation across its micro-markets. As of March 2026, premium areas like Shivaji Park command an average rate of ₹56,098 per sq ft, experiencing a slight depreciation of 1.50% from the previous period. Dadar West has seen a substantial appreciation of 15.81%, reaching ₹57,184 per sq ft. In contrast, Dharavi offers much lower rates at ₹19,117 per sq ft with stable pricing, and VSNL Colony is priced at ₹37,760 per sq ft with no change in rates.

As of March 2026, the average price for apartments in Mahim is ₹50,241 per sq ft. This segment has experienced a significant appreciation of 9.42% compared to the previous period, reflecting strong demand and potentially limited supply for apartment units in the locality.

In Mahim, as of March 2026, Ready To Move properties are priced at an average of ₹35,773 per sq ft, showing a depreciation of 11.58% from the previous period. Under Construction properties, on the other hand, are priced higher at ₹39,552 per sq ft, with a slight appreciation of 0.62%. This suggests that while Ready To Move inventory has seen a price correction, Under Construction projects are holding steady or slightly increasing in value.

Ruparel Iris, Rohan Lifescapes Mirage, and Kanakia Miami are among the projects with notable transaction activity in Mahim. Ruparel Iris is listed at ₹48,252 per sq ft with stable pricing, while Rohan Lifescapes Mirage is priced at ₹46,379 per sq ft, having depreciated by 7.70%. Kanakia Miami is priced at ₹45,023 per sq ft and has maintained stable pricing, indicating consistent buyer interest in these developments.

Projects like Jewel Crest and Shimmering Heights Mahim are among the top projects in Mahim based on listing rates, as of March 2026. Jewel Crest is listed at ₹60,680 per sq ft, showing an appreciation of 2.05%, while Shimmering Heights Mahim is priced at ₹55,652 per sq ft, having seen a significant appreciation of 32.49%. These higher rates suggest premium offerings and strong market positioning within the locality.

Yash Enterprise Builders Developers leads in transaction volume in Mahim, with 2 transactions recorded. Following them, Kanakia Spaces, K Raheja Corp, Rohan Lifescapes, Nine Dimensions Housing LLP, and Ruparel each have 1 transaction, indicating a diverse range of developers contributing to the market activity in the area.

The average rental rate in Mahim is ₹129 per sq ft as of March 2026, with apartments averaging ₹129 per sq ft and showing a 2.38% appreciation. The rental yield stands at 3.08%. This yield suggests that while rental income is present, it is moderate relative to property values, which could be attractive for investors seeking a balance between capital appreciation and rental returns.

Rental rates in Mahim vary significantly by BHK configuration. As of March 2026, Studio apartments average ₹36,667 per month, 1 BHK units are around ₹61,491 per month, 2 BHK apartments command approximately ₹1.04 Lakh per month, and 3 BHK units are priced at ₹1.93 Lakh per month. Larger 4 BHK apartments are the highest, averaging ₹2.45 Lakh per month, indicating a premium for more space and amenities.

Among the neighborhoods within or near Mahim, B Block BKC shows the highest average rental rate at ₹243 per sq ft, with stable pricing. Kasaravadi follows at ₹231 per sq ft, also with stable rates. Ongc Colony is at ₹213 per sq ft, and Vaidya Nagar at ₹212 per sq ft, both with stable rental prices. These areas likely command higher rents due to their proximity to business hubs, amenities, or specific residential preferences.

Dev Aarti Apartment leads in rental rates within Mahim, with a current rental rate of ₹168 per sq ft and stable pricing. Laxmikant CHS is also notable at ₹160 per sq ft, followed by Mutual CHS at ₹151 per sq ft. These projects, along with others like Utpal Park Apartment and Rizvi Mansion, offer competitive rental yields, making them attractive for landlords and rental investors in the Mahim micro-market.

Rental rates vary across micromarkets near Mahim, with areas like Shivaji Park showing an average of ₹173 per sq ft, though it has seen a slight depreciation of 1.70%. Matunga West is priced at ₹168 per sq ft with a minor appreciation of 0.60%. Mahim East offers a rental rate of ₹145 per sq ft with stable pricing. In contrast, Sion West has a lower average rental rate of ₹118 per sq ft, indicating a range of rental opportunities depending on the specific neighborhood's desirability and amenities.