Property Rates in Mandvi, Mumbai 2026

The Government Registration Rate in Mandvi is ₹16,100 per sq ft, based on 124 transactions recorded between October 2025 and September 2026. This rate is significantly lower than the current average asking price of ₹40,300 per sq ft, which is a common observation in established urban markets where market-driven premiums often exceed government-notified valuation benchmarks.

As of June 2026, ready-to-move properties in Mandvi command an average price of ₹30,300 per sq ft, having appreciated by 5.14% compared to the previous period. In contrast, under-construction projects are priced at an average of ₹35,000 per sq ft, showing a significant appreciation of 20.53% over the same timeframe, which suggests strong buyer confidence in upcoming developments within the locality.

Property prices in the vicinity of Mandvi vary significantly based on the specific neighbourhood. For instance, Tardeo is currently at ₹89,400 per sq ft (having appreciated by 20.86%), while Byculla East is priced at ₹32,550 per sq ft (having depreciated by 7.72%). Other nearby areas like Mazgaon at ₹41,350 per sq ft (up 2.9%) and Nagpada at ₹35,050 per sq ft (down 0.18%) provide a broader context for how Mandvi's pricing aligns within the South Mumbai real estate landscape as of June 2026.

As of June 2026, 1 BHK apartments in Mandvi are available at an average monthly rent of ₹50,650. This rental data provides a baseline for tenants looking for residential options in the area, reflecting the current demand for compact, well-located housing in this part of Mumbai.

Rental rates in the areas surrounding Mandvi show diverse trends as of June 2026. For example, Nagpada commands a rental rate of ₹200 per sq ft, which has appreciated by 19.1%, while Byculla shows a rate of ₹150 per sq ft, reflecting a depreciation of 6.18%. Other areas like Grant Road and Marine Drive maintain a rental rate of ₹200 per sq ft, with Grant Road seeing a 2.2% appreciation and Marine Drive a 0.45% appreciation, highlighting the premium nature of these specific locations.

As of June 2026, Patel Building Apartment leads with a listing rate of ₹50,800 per sq ft, having appreciated by 16.44%. Other premium projects include Alamdar Al-Fatema Heights at ₹42,550 per sq ft (up 51.35%) and Alamdar Aqdas Residency at ₹37,750 per sq ft (up 18.19%). These rates reflect the diverse positioning of residential projects in Mandvi, ranging from established buildings to newer developments.

Investors should note that the average micromarket rate in Mandvi was ₹40,300 per sq ft as of June 2026, following a period of stability at ₹46,350 per sq ft from December 2025 through March 2026. This trajectory suggests a market that is currently recalibrating, and investors should weigh this against the rental potential and the specific status of projects—such as the 20.53% appreciation seen in under-construction units—to determine long-term value.