Mumbai
Mahim presents a dynamic real estate landscape characterized by significant price appreciation and high-value residential developments. The market has seen a steady rise in property rates over recent quarters, with current asking prices reaching ₹54,000 per sq ft. Rental activity is equally vibrant, with a notable 44.96% increase in average rental rates, catering to a wide range of requirements from studio apartments to spacious 4 BHK homes. Government registration data highlights consistent liquidity, with 173 transactions recorded recently, totaling a gross value of ₹404 Cr.
As of Sep 2026, the average asking price in Mahim stands at ₹54,000 per sq ft. This figure reflects an appreciation of 7.51% compared to the previous period, indicating a robust demand for residential apartments in this prime locality.
The average asking price in Mahim is currently ₹54,000 per sq ft, which sits significantly above the Government Registration Rate of ₹30,950 per sq ft as of Sep 2026. This gap between the market-driven asking price and the government-notified rate is a common observation in high-demand urban pockets of Mumbai, reflecting the premium buyers are willing to pay for location and infrastructure.
Property prices in Mahim have shown an upward trajectory in recent quarters. After recording an average rate of ₹45,900 per sq ft in Dec 2025, prices rose to ₹50,250 per sq ft in Mar 2026, and further to ₹54,000 per sq ft by Jun 2026. This consistent growth signals strong investor confidence and sustained demand for residential assets in the area.
As of Sep 2026, property prices in Mahim vary significantly by development stage. Ready To Move properties are priced at ₹35,950 per sq ft, having depreciated by 7.78% compared to the previous period. In contrast, Under Construction projects are priced at ₹46,300 per sq ft, showing a healthy appreciation of 7.17%. Meanwhile, New Launch projects are currently at ₹39,000 per sq ft, reflecting a depreciation of 3.94% over the same timeframe.
The average rental yield in Mahim is 4.16% as of Sep 2026, which is a key metric for investors evaluating income potential versus capital outlay. With an average rental rate of ₹187 per sq ft, which has appreciated by 44.96% compared to the previous period, the locality offers a compelling balance for those looking at long-term rental income alongside potential property value appreciation.
Rental rates in Mahim scale according to unit size, catering to a diverse tenant profile. As of Sep 2026, a Studio apartment rents for ₹40,000 per month, while a 1 BHK averages ₹67,700 per month. Larger configurations command higher premiums, with 2 BHK units at ₹1.21 Lakh, 3 BHK units at ₹2.09 Lakh, and 4 BHK units at ₹2.47 Lakh per month. This tiered structure allows tenants to choose based on their space requirements and budget.
Several projects in Mahim lead the market in rental pricing as of Sep 2026. 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. Other notable projects include Utpal Park Apartment at ₹150 per sq ft and Rizvi Mansion at ₹149 per sq ft. These rates have remained stable, showing no change in the current period, which suggests a steady rental market for these specific residential developments.
Rental rates vary across the vicinity of Mahim, reflecting local demand dynamics. As of Sep 2026, B Block BKC commands a premium at ₹250 per sq ft, showing a slight appreciation of 0.82%. Conversely, areas like Matunga West, Shivaji Park, and Dadar West all average ₹150 per sq ft, though they have seen varying degrees of depreciation, such as a 10.98% drop in Shivaji Park and a 2.98% dip in Matunga West compared to the previous period.
As of Sep 2026, premium projects in Mahim are led by Budhawani The Solitaire at ₹59,750 per sq ft and Suraj Lumina at ₹59,150 per sq ft, the latter having appreciated by 14.3% over the comparison period. Other high-value projects include TATA Emeralde Court at ₹58,950 per sq ft (up 7.85%) and Suraj Vitalis at ₹57,600 per sq ft (up 5.73%). These projects represent the upper end of the local market, often attracting buyers looking for premium amenities and prime positioning.
Buyers should use the property rate data for Mahim to benchmark their investment against current market averages and historical trends. By observing that the average asking price is ₹54,000 per sq ft as of Sep 2026 and noting the 7.51% appreciation, a buyer can gauge the market's momentum. Comparing this against the Government Registration Rate of ₹30,950 per sq ft helps in understanding the premium being paid, while status-wise pricing helps in deciding between immediate occupancy or long-term capital growth.
