Mumbai
Mahim is currently experiencing a strong growth phase in its property market, with average asking prices reaching ₹50,250 per sq ft. The market displays a healthy mix of ready-to-move and under-construction inventory, catering to varied buyer timelines and investment strategies. Rental activity remains active, underpinned by a 3.08% rental yield and a consistent demand for apartment units across different configurations. Government registration data confirms substantial transaction volumes, indicating sustained confidence among property buyers and investors in this well-connected locality.
As of June 2026, the average asking price in Mahim stands at ₹50,250 per sq ft. This figure reflects a significant market trend, having appreciated by 9.42% compared to the previous period, signaling strong demand and sustained investor confidence in this prime location.
The average asking price in Mahim is currently ₹50,250 per sq ft, which sits notably higher than the Government Registration Rate of ₹32,500 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in high-demand residential pockets and is an important factor for buyers to consider when calculating their total acquisition cost.
The rental yield in Mahim is currently 3.08%, which provides a baseline for investors evaluating the income potential of their property relative to the capital investment. With an average rental rate of ₹129 per sq ft as of June 2026, which has appreciated by 2.38% compared to the previous period, the market demonstrates a steady rental demand that complements the capital appreciation seen in the residential sector.
Rental rates in Mahim scale significantly based on the size of the unit, reflecting the diverse housing needs in the area as of June 2026. Studio apartments average ₹36,650 per month, while 1 BHK units command an average of ₹61,500 per month. For larger requirements, 2 BHK units average ₹1.04 Lakh per month, 3 BHK units reach ₹1.93 Lakh per month, and 4 BHK units are priced at an average of ₹2.45 Lakh per month.
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 rank at the top of the rental market, reflecting their desirability and prime positioning within the locality compared to the broader average rental rate of ₹150 per sq ft for apartments in the area.
Property prices in Mahim have shown a positive trajectory, with the average asking price rising from ₹44,100 per sq ft in September 2025 to ₹50,250 per sq ft by March 2026. This upward movement across consecutive quarters indicates a resilient market with consistent buyer interest, making it a closely watched location for both end-users and long-term investors.
As of June 2026, Ready To Move properties in Mahim are priced at an average of ₹36,450 per sq ft, having appreciated by 1.96% over the observed period. In contrast, Under Construction properties command a higher average price of ₹41,850 per sq ft, which has seen a more robust appreciation of 5.78% compared to the previous period, often reflecting the premium associated with modern amenities and newer project launches.
Man Buildtech leads the transaction activity in Mahim with 5 recorded transactions, followed by other active developers including Gawde And Associates, Rizvi Builders, Buildarch Land Developers Pvt Ltd, and Unique Developers. This concentration of transactions highlights the prominence of these developers in the local residential market and provides buyers with a list of active entities when researching project reliability.
Property rates in the vicinity of Mahim show significant variation, with Bandra West commanding a higher average of ₹62,000 per sq ft (up 3.52%) and Bandra East at ₹61,550 per sq ft (up 8.07%) as of June 2026. Conversely, areas like Sion East offer more accessible entry points at ₹29,850 per sq ft, which has appreciated by 8.56% compared to the previous period, allowing investors to choose between premium high-value neighborhoods and emerging value-oriented pockets.
When evaluating top projects by value in Mahim, such as Rockford Oceanic at ₹47,850 per sq ft or Yashowan Tower at ₹34,750 per sq ft, buyers should look at both the current rate and the recent price movement. For instance, while Rockford Oceanic has seen a depreciation of 7.10% from the previous period, it remains a high-value asset, whereas other projects like Kumari Jethi T Sipahimalani CHS have experienced significant appreciation of 65.77%, indicating that value and price trends can vary widely even within the same locality.
