Mumbai
Mahim presents a sophisticated real estate landscape characterized by steady price appreciation and strong rental demand. The market has seen a notable upward trajectory in capital values, driven by both ready-to-move and new-launch projects that cater to a discerning buyer base. Rental activity remains equally vibrant, with a yield of 3.08% signaling healthy returns for property owners across various unit configurations. Registration data confirms active buyer participation, underscoring the locality's enduring appeal as a premium residential hub.
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 the previous period, indicating robust demand and a strengthening real estate environment in this locality.
Property prices in Mahim have shown an upward trajectory throughout the recent quarters. According to data from June 2026, the location rate reached ₹52,650 per sq ft, rising from ₹50,250 per sq ft in March 2026, ₹45,900 per sq ft in December 2025, and ₹44,100 per sq ft in September 2025. This consistent quarter-over-quarter growth signals strong buyer confidence and sustained interest in the Mahim real estate market.
The average asking price in Mahim is currently ₹50,250 per sq ft, while 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 a common characteristic in premium Mumbai localities, reflecting the difference between official valuation and current market transaction premiums.
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 properties command a higher average price of ₹43,200 per sq ft, which has seen a notable appreciation of 9.21%. This pricing structure suggests that buyers are currently placing a premium on newer, under-construction inventory, likely due to modern amenities and contemporary architectural standards.
The average rental yield in Mahim is 3.08% as of June 2026, with an average rental rate of ₹129 per sq ft. This yield represents the annual rental income an investor can expect relative to the property's capital value. For potential investors, a 3.08% yield in a prime area like Mahim indicates a balanced income-generating asset, where capital appreciation remains a primary driver alongside steady rental returns.
Rental rates in Mahim vary significantly by configuration as of June 2026. Studio apartments average ₹38,350 per month, while 1 BHK units average ₹64,950 per month. Larger configurations command higher premiums, with 2 BHK units at ₹1.18 Lakh per month, 3 BHK units at ₹2.07 Lakh per month, and 4 BHK units reaching ₹2.47 Lakh per month. These figures provide a clear guide for tenants and landlords regarding the current market valuation for various unit sizes.
As of June 2026, several projects in Mahim lead the rental market in terms of per-square-foot rates. Dev Aarti Apartment tops the list at ₹168 per sq ft, followed by Laxmikant CHS at ₹160 per sq ft and Mutual CHS at ₹151 per sq ft. These projects maintain stable rental rates, reflecting their desirability and prime positioning within the Mahim micromarket.
Property prices in Mahim, at an average of ₹50,250 per sq ft, sit in the middle-to-high range compared to its immediate surroundings. For instance, Bandra West commands a higher average of ₹62,000 per sq ft (up 3.52%), while Sion East is more accessible at ₹29,850 per sq ft (up 8.56%). Meanwhile, Shivaji Park is priced at ₹56,100 per sq ft, showing a depreciation of 4.92% from the previous period, highlighting the diverse price points available to buyers within this specific pocket of Mumbai.
As of June 2026, Budhawani The Solitaire is the most premium project in Mahim with a listing rate of ₹59,750 per sq ft, having seen a substantial appreciation of 75.82%. Other high-value projects include Jewel Crest at ₹58,600 per sq ft (depreciated by 3.43%) and Shimmering Heights Mahim at ₹55,650 per sq ft. These projects represent the upper tier of the Mahim market, catering to buyers seeking premium residential addresses.
New Launch projects in Mahim are currently priced at an average of ₹40,600 per sq ft as of June 2026, marking a significant appreciation of 12.77% compared to the previous period. This sharp rise in price for new launches indicates high developer confidence and strong demand for fresh inventory in the area, suggesting that early-stage investment in these projects is currently experiencing a period of rapid value growth.
