Property Rates in Mandvi, Mumbai 2026

The current average asking price in Mandvi of ₹41,150 per sq ft is significantly higher than the Government Registration Rate of ₹15,500 per sq ft, recorded between September 2025 and August 2026. This gap between the market-driven asking price and the government-notified rate is common in premium Mumbai localities and suggests that buyers should account for both the registration costs and the prevailing market premium when budgeting for a property.

Property prices in Mandvi have experienced a shift in momentum, moving from ₹46,200 per sq ft in September 2025 to a peak of ₹46,350 per sq ft in December 2025 and March 2026, before adjusting to ₹41,150 per sq ft in June 2026. This recent downward movement suggests a market correction or a change in the composition of available listings, providing a different entry point for buyers compared to the previous two quarters.

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 projects are currently priced at ₹29,050 per sq ft, reflecting a 5.68% appreciation. The narrow price gap between these two statuses indicates that buyers are currently paying a similar premium for both immediate possession and future development in this locality.

As of June 2026, Patel Building Apartment leads the local market with a listing rate of ₹43,650 per sq ft, despite a depreciation of 4.45% over the observed period. Other notable high-value 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%). These projects represent the premium segment of the Mandvi residential market.

Yes, several projects in Mandvi have shown positive price growth as of June 2026. Batliboy House has appreciated by 8.47% to reach ₹30,150 per sq ft, while Alamdar Al-Fatema Heights, Noorani Chamber Apartment, and Karim Mansion have all seen an appreciation of 11.68%, 11.05%, and 11.68% respectively, reaching a common price point of ₹28,100 per sq ft.

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

Rental rates in the vicinity of Mandvi vary significantly by location as of June 2026. Nagpada and Marine Lines command the highest rental rates in the comparison set at ₹200 per sq ft, with Nagpada showing a notable 19.1% appreciation. Meanwhile, Mazgaon offers a more accessible rental entry point at ₹100 per sq ft, showing stable rates with no change, while areas like Byculla and Girgaon are priced at ₹150 per sq ft, reflecting diverse rental yields across the micro-region.

Buyers should use the Mandvi property rates data to compare the current average asking price of ₹41,150 per sq ft against the historical trend, which peaked at ₹46,350 per sq ft in March 2026. By observing the status-wise pricing, such as the ₹28,850 per sq ft for Ready To Move units versus the ₹29,050 per sq ft for Under Construction units, investors can determine whether the time-value of money justifies buying into under-construction projects versus opting for immediate occupancy.

Property prices in Mandvi, which average ₹41,150 per sq ft as of June 2026, sit in the mid-to-high range when compared to surrounding areas. For instance, Girgaon commands a significantly higher average of ₹1.16 Lakh per sq ft (having appreciated by 49.22%), while Nagpada is more affordable at ₹35,100 per sq ft (depreciated by 11.81%). This comparison highlights how Mandvi serves as a distinct pricing node within the broader South Mumbai real estate landscape.