Property Rates in Mandvi, Mumbai 2026

Property prices in Mandvi have shown a downward trajectory in the most recent quarter, with the micromarket rate decreasing from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026. Prior to this, the market remained relatively stable, holding at ₹46,350 per sq ft from December 2025 to March 2026, following a slight increase from ₹46,200 per sq ft in September 2025.

The Government Registration Rate in Mandvi is ₹15,500 per sq ft, based on data from August 2025 to July 2026. This is significantly lower than the current average asking price of ₹41,150 per sq ft, a common observation in established urban markets where market-driven premiums often exceed official registration values.

As of June 2026, ready-to-move properties in Mandvi are priced at an average of ₹28,850 per sq ft, having appreciated by 7.96% compared to the previous period. In contrast, under-construction properties are currently priced at ₹29,050 per sq ft, reflecting an appreciation of 5.68% over the same timeframe, indicating a relatively narrow price gap between the two status categories.

As of June 2026, the average monthly rent for a 1 BHK apartment in Mandvi is ₹50,650. This provides a clear benchmark for tenants looking for compact residential units in this locality, reflecting the current demand for 1 BHK configurations in the area.

Rental rates in the vicinity of Mandvi vary significantly, with premium areas like Nagpada, Marine Lines, Marine Drive, and Grant Road commanding higher rates of ₹200 per sq ft. Other neighbourhoods such as Mazgaon, Kamathipura, Dalal Estate, Girgaon, Byculla, and Byculla West offer rental rates ranging from ₹100 to ₹150 per sq ft, as of June 2026. Notably, Nagpada has seen a significant rental appreciation of 19.1% compared to the previous period, while Girgaon experienced a depreciation of 4.46%.

As of June 2026, Patel Building Apartment leads with a listing rate of ₹43,650 per sq ft, though it has seen a depreciation of 4.45% compared to the previous period. Other prominent projects include Tohfa Apartment at ₹34,000 per sq ft (depreciated by 5.13%) and Bhatia Niwas at ₹33,050 per sq ft (depreciated by 6.24%). Conversely, projects like MK Sauda Heights Phase 2 have shown strong growth, with a current rate of ₹28,100 per sq ft, marking an appreciation of 13.63%.

Investors should view the data in Mandvi by balancing the current average asking price of ₹41,150 per sq ft against the lower Government Registration Rate of ₹15,500 per sq ft. The market shows distinct performance across project statuses, with ready-to-move units appreciating by 7.96% and under-construction units by 5.68% as of June 2026, suggesting that both segments are currently experiencing positive price momentum.