Property Rates in Mandvi, Mumbai

As of March 2026, the average asking price in Mandvi, Mumbai is ₹0 per sq ft, while the Government Registration Rate stands at ₹15,516 per sq ft. This significant difference suggests that the registered value for properties in Mandvi is substantially higher than the current asking prices, which could be a factor for buyers and investors to consider when evaluating potential transactions.

The micromarket rates in Mandvi, Mumbai have shown fluctuations. From December 2025 to March 2026, the micromarket rate increased from ₹29,645 to ₹46,372 per sq ft, marking a significant appreciation. Prior to this, from June 2025 to September 2025, there was a slight decrease from ₹28,731 to ₹28,223 per sq ft. This trend indicates dynamic pricing within the micromarkets of Mandvi.

Property prices vary significantly across Mandvi's neighbourhoods as of March 2026. Khetwadi has the highest average rate at ₹44,304 per sq ft, followed closely by Thakurdwar at ₹44,451 per sq ft and Kalbadevi at ₹42,419 per sq ft. Bhuleshwar is priced at ₹42,007 per sq ft, and Mazgaon at ₹40,200 per sq ft. Conversely, Masjid Bunder shows a lower average rate of ₹27,576 per sq ft, and Kamathipura has seen a notable depreciation of 32.01% to ₹31,051 per sq ft.

As of March 2026, the average price for apartments in Mandvi, Mumbai is ₹29,745 per sq ft. This represents a depreciation of 3.74% compared to the previous period. This downward trend in apartment prices might indicate a market adjustment or increased supply in the segment.

In Mandvi, Mumbai, as of March 2026, properties categorized as 'Well Occupied' have an average price of ₹26,740 per sq ft, showing a depreciation of 7.62%. 'Ready To Move' properties are priced at ₹26,709 per sq ft, with a more significant depreciation of 11.58%. 'Under Construction' properties are slightly higher at ₹27,479 per sq ft, depreciating by 6.58%. 'New Launch' properties are at ₹25,536 per sq ft, down by 5.5%. The 'Mid Stage' category has an average price of ₹24,743 per sq ft, with a 5.02% depreciation.

As of March 2026, 'Classic Burj Tower' in Masjid Bunder West has recorded the highest number of transactions with 3 units, and its rate has appreciated by 5.84% to ₹24,871 per sq ft. 'Bhagwan Bhuvan' in Pydhonie follows with 2 transactions and a rate of ₹24,871 per sq ft, appreciating by 1.98%. 'Alamdar Aqdas Residency' in Masjid Bunder West has had 1 transaction, with its rate depreciating by 1.71% to ₹31,325 per sq ft.

As of March 2026, 'Bhagwan Bhuvan' in Pydhonie leads in total transaction value with ₹2.6 Cr, having seen a 1.98% appreciation to ₹24,871 per sq ft. 'Classic Burj Tower' in Masjid Bunder West follows with a total value of ₹2.1 Cr, and its rate appreciated by 5.84% to ₹24,871 per sq ft. 'Alamdar Aqdas Residency' in Masjid Bunder West has a total value of ₹70 Lakh, with its rate depreciating by 1.71% to ₹31,325 per sq ft.

As of March 2026, 'Patel Building Apartment' in Mandvi has the highest listing rate at ₹45,672 per sq ft, which has depreciated by 28.61%. 'Tohfa Apartment' is listed at ₹35,853 per sq ft, showing a depreciation of 8.35%. 'Bhatia Niwas' is listed at ₹35,266 per sq ft with no reported change. Other projects like 'Masina Building' and 'Alamdar Aqdas Residency' are also listed with rates around ₹32,000 to ₹31,927 per sq ft.

As of March 2026, 'Classic Corporation' leads in transaction activity in Mandvi, Mumbai, with 3 transactions recorded. 'Alamdar Kapde Developer' follows with 1 transaction. These developers are active in the market, with Classic Corporation having a priority ranking of 2 and Alamdar Kapde Developer at priority 3 based on transaction volume.

The average rental rate in Mandvi, Mumbai is ₹0 per sq ft as of March 2026. While specific rental yield data is not provided for Mandvi itself, a general understanding of rental income potential relative to property values is crucial for investors. Typically, a higher rental yield indicates better income generation from a property investment, which can be a key factor in assessing the overall return on investment.

For a 1 BHK apartment in Mandvi, Mumbai, the average rental rate is ₹50,667 per month as of March 2026. This figure represents the typical monthly cost for this configuration in the residential apartment segment within the locality, providing a clear benchmark for renters and landlords.

Rental rates in micromarkets surrounding Mandvi, Mumbai show considerable variation as of March 2026. Marine Drive commands the highest average rental rate at ₹221 per sq ft, followed by Marine Lines at ₹218 per sq ft. Nagpada and Byculla are priced at ₹178 per sq ft, with Byculla showing a 4.71% appreciation. Girgaon has an average rental rate of ₹157 per sq ft and has appreciated by 12.14%. Conversely, Mazgaon has a lower average rental rate of ₹117 per sq ft, though it has appreciated by 5.41%.