Mumbai
The Mahim real estate market has seen significant price movement, with average rates climbing from ₹44,100 per sq ft in September 2025 to over ₹52,650 per sq ft by June 2026. This growth is mirrored by active rental demand, where apartment rentals average ₹200 per sq ft, showing a robust year-on-year increase of 37.21%. Registration data highlights sustained activity, with 246 transactions contributing to a gross value of ₹546 Cr over the past year. Various project stages, from new launches to ready-to-move units, provide diverse entry points for buyers, while top-tier residential developments continue to set high-value benchmarks.
As of June 2026, the average asking price in Mahim stands at ₹50,250 per sq ft. This figure reflects a significant market appreciation of 9.42% compared to previous periods, indicating robust demand and sustained investor interest in this prime residential locality.
Property prices in Mahim have shown an upward trajectory, with the average asking price rising from ₹44,100 per sq ft in September 2025 to ₹52,650 per sq ft by June 2026. This consistent growth signals a strengthening real estate market, offering potential capital appreciation for long-term investors and highlighting the area's desirability.
The average asking price in Mahim is currently ₹50,250 per sq ft, whereas the Government Registration Rate is recorded at ₹30,450 per sq ft as of the period ending August 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is common in premium urban localities and is a key factor for buyers to consider when calculating total acquisition costs and stamp duty obligations.
As of June 2026, Ready To Move properties in Mahim are priced at an average of ₹38,950 per sq ft, having appreciated by 8.94% over the observed period. In contrast, Under Construction projects command a higher average of ₹43,200 per sq ft, which has seen a sharper appreciation of 9.21%. This pricing structure suggests that buyers are willing to pay a premium for newer, modern developments currently under construction.
Investors in Mahim can currently expect an average rental yield of 3.08%, supported by an average rental rate of ₹129 per sq ft as of June 2026. This rental rate has seen a positive growth of 2.38%, making it a stable income-generating option for those looking to balance capital appreciation with consistent monthly rental returns.
Rental rates in Mahim scale significantly with property size, reflecting the diverse housing demand in the area as of June 2026. Studio apartments average ₹38,350 per month, while 1 BHK units average ₹64,950 per month. For larger families or professionals, 2 BHK units command approximately ₹1.18 Lakh per month, 3 BHK units average ₹2.07 Lakh per month, and 4 BHK units reach up to ₹2.47 Lakh per month, providing options across various budget segments.
As of June 2026, premium rental projects in Mahim include Dev Aarti Apartment at ₹168 per sq ft, Laxmikant CHS at ₹160 per sq ft, and Mutual CHS at ₹151 per sq ft. These projects consistently attract tenants due to their specific location advantages within the micromarket, maintaining stable rental values compared to the broader locality average.
Mahim's property rates are influenced by its proximity to high-value areas like Bandra West, which commands an average of ₹62,000 per sq ft with a 3.52% appreciation, and Bandra East at ₹61,550 per sq ft with an 8.07% appreciation. Conversely, more affordable options exist in nearby Sion East, where the average asking price is ₹29,850 per sq ft, reflecting an 8.56% increase as of June 2026.
Investors should note that Mahim has experienced strong growth across various segments, such as the 12.77% appreciation in New Launch projects and 9.21% in Under Construction projects as of June 2026. This trend indicates that new supply is entering the market at higher price points, which may drive future value for existing property owners and suggests a healthy, active development cycle.
The 'Well Occupied' status in Mahim, which shows an average price of ₹38,350 per sq ft and a 5.77% appreciation as of June 2026, represents established residential buildings with high occupancy levels. These properties often appeal to end-users looking for immediate move-in readiness and a settled community environment, offering a lower entry price point compared to new, under-construction developments.
