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Property Rates in Mandvi, Mumbai

Comprehensive Market Snapshot

The Mandvi real estate market in Mumbai demonstrates dynamic activity, with asking prices averaging ₹29,745 per sq ft. Recent quarterly trends indicate a slight adjustment in property values, while the market features a predominant share of apartment properties. Property transactions for the period of April 2025 to March 2026 recorded 220 deals totaling ₹142 Cr, showcasing a healthy volume of activity. Ready-to-move projects lead the supply, offering diverse options for immediate occupancy, and Classic Corporation stands out among the active developers.

  • Asking Sale Price₹ 29,745/sq.ft
  • Govt. Registration Prices₹ 15,516/sq.ft
  • Insights
  • Price Trend
  • Project and Developer Insights
  • Government Registrations
  • Recent Transactions
  • Other Property Rates

Insights for Mandvi, Mumbai Real Estate Market

Mandvi's real estate landscape in Mumbai presents a nuanced picture, with an average asking price of ₹29,745 per sq ft. Quarterly price trends show the average location rate at ₹29,745 per sq ft in September 2025, following a peak of ₹30,900 per sq ft in June 2025, indicating a slight market correction. This makes Mandvi a relatively competitive option compared to several neighboring localities like Bhuleshwar (₹42,007 per sq ft) and Kalbadevi (₹42,419 per sq ft), though slightly above Masjid Bunder (₹27,576 per sq ft). The market is primarily driven by apartment properties, which also reflect the overall average asking price with a minor recent depreciation of 3.74%. Supply is varied, with 28 ready-to-move units available at an average of ₹26,709 per sq ft, alongside under-construction and new launch projects, all currently experiencing slight price adjustments. Government registration data for April 2025 to March 2026 highlights a robust 220 transactions, generating a gross value of ₹142 Cr, with an average registered rate of ₹15,500 per sq ft. This significant difference between asking and registration rates suggests potential for negotiation or a mix of property types and conditions being transacted. Projects like Classic Burj Tower and Bhagwan Bhuvan have seen the highest transaction volumes, while Patel Building Apartment commands the highest asking prices among listed projects. Classic Corporation leads in transaction-based developer activity, underscoring their market presence in Mandvi.

Market Strengths Market Strengths
  • Mandvi boasts a healthy transaction volume, with 220 registered deals totaling ₹142 Cr between April 2025 and March 2026, showcasing consistent buyer interest.
  • The market offers a diverse supply of properties across various development stages, including a significant number of ready-to-move units (28 units), catering to immediate housing needs.
  • Mandvi's average asking price of ₹29,745 per sq ft is comparatively more affordable than many adjacent premium localities, making it an attractive option for budget-conscious buyers in Mumbai.
  • Established developers like Classic Corporation are actively involved, contributing to market stability and quality project delivery.
  • Key projects like Classic Burj Tower and Bhagwan Bhuvan have demonstrated positive price appreciation in recent transactions, indicating strong underlying demand for specific developments.
  • The locality's strategic position within Mumbai likely contributes to its sustained appeal and transaction activity, providing a strong base for future growth.
Market Challenges Market Challenges
  • Quarterly price trends show a decline from ₹30,900 per sq ft in June 2025 to ₹29,745 per sq ft in September 2025, suggesting a cooling or adjusting market.
  • All property status categories (Ready To Move, Well Occupied, Mid Stage, Under Construction, New Launch) have experienced negative change percentages, indicating a broad market challenge in price appreciation.
  • The primary property type, apartments, also recorded a -3.74% change, reflecting a general downward pressure on pricing within this dominant segment.
  • The absence of an average rental rate makes it difficult to assess the current income generation potential for rental properties, posing a challenge for income-focused investors.
  • While some projects show positive price changes by transactions, others like Alamdar Aqdas Residency and Rafai Tower have seen negative or null changes, indicating inconsistent performance across developments.
Investment Opportunities Investment Opportunities
  • The significant difference between the average asking price (₹29,745 per sq ft) and the government registration rate (₹15,500 per sq ft) indicates potential for value buying or negotiation opportunities in Mandvi.
  • With 28 ready-to-move units available, investors can target properties for immediate rental income, especially given Mandvi's competitive pricing compared to many surrounding localities.
  • Projects like Classic Burj Tower and Bhagwan Bhuvan, which have shown recent positive price changes and high transaction volumes, could represent stable investment options.
  • Mandvi's relatively lower average asking price compared to affluent neighbors like Bhuleshwar and Kalbadevi positions it as an attractive entry point for investors seeking growth in a prominent Mumbai micro-market.
  • The presence of new launch and under-construction projects, despite current price adjustments, offers opportunities for capital appreciation as development progresses and market sentiment improves.
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Property Price Trends in Mandvi, Mumbai

Asking Price Trends

Mandvi's property market experienced a noticeable shift in asking prices over recent quarters. The average rate for properties in the locality stood at ₹30,900 per sq ft in June 2025. Subsequently, this figure adjusted to ₹29,745 per sq ft by September 2025, reflecting a modest recalibration in the market. This trend provides valuable context for potential buyers and sellers assessing current market valuations.

Quarter City Rate
Dec 2025 0
Sep 2025 29745
Jun 2025 30900
Mar 2025 0
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Price Trends by Property Type

The Mandvi real estate market predominantly features apartment properties, which align with the overall market dynamics. Apartments in Mandvi currently average an asking price of ₹29,745 per sq ft. This segment has experienced a minor adjustment, with a change of -3.74%, reflecting broader market trends. The strong presence of apartments caters to a significant portion of the residential demand in this Mumbai locality.

Type Rate (₹/sq.ft) Change %
Apartment 29,745 -3.74
Price Trends by Project Status

Mandvi's property market offers a diverse range of options across various development stages. Ready-to-move properties lead the supply with 28 units, averaging ₹26,709 per sq ft, making them an attractive choice for immediate occupancy. Well-occupied projects also contribute to the market, with 8 units at an average of ₹26,740 per sq ft. Additionally, there are 3 under-construction units priced around ₹27,479 per sq ft and 1 new launch project at ₹25,536 per sq ft, catering to buyers with different timelines and investment horizons.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 36 26,716 -10.7
Under Construction 3 27,479 -6.58
New Launch 1 25,536 -5.5
Price Trends by Localities

Mandvi presents a compelling real estate proposition within Mumbai, with an average asking price of ₹29,745 per sq ft. This positions it as a more accessible option compared to several upscale neighbors. For instance, localities like Bhuleshwar and Kalbadevi command significantly higher rates, averaging ₹42,007 per sq ft and ₹42,419 per sq ft respectively. Even Umerkhadi and Kamathipura are priced higher at ₹32,029 per sq ft and ₹31,051 per sq ft. While Masjid Bunder offers a slightly lower average of ₹27,576 per sq ft, Mandvi maintains a competitive edge across the broader micro-market, offering relative value.

Location Rate (₹/sq.ft) Change %
Masjid Bunder 27,576 -
Umerkhadi 32,029 -
Bhuleshwar 42,007 5.7
Mazgaon 40,112 -2.5
Kalbadevi 42,419 -
Kamathipura 31,051 -32
Nagpada 33,333 -2
Khetwadi 44,304 -
Dalal Estate 46,004 -
Thakurdwar 44,451 -

Project and Developer Insights

Top Projects by Listing Rates, Transaction Count and Transaction Value

Premium residential developments in Mandvi showcase a range of asking prices, reflecting their unique attributes. Patel Building Apartment, for instance, stands out with an average asking rate of ₹45,672 per sq ft, despite a recent adjustment. Tohfa Apartment follows with a listing rate of ₹35,853 per sq ft, while Bhatia Niwas is priced at ₹35,266 per sq ft. Other notable projects like Masina Building and Alamdar Aqdas Residency also contribute to the market's diverse offerings, demonstrating various price points for potential buyers.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Patel Building Apartment 45,672 -28.6
Tohfa Apartment 35,853 -8.3
Bhatia Niwas 35,266 -
Masina Building 32,894 -
Alamdar Aqdas Residency 31,927 18.9
Batliboy House 27,783 -
Parekh Building Apartment 25,536 -
Saqlania Tower 25,536 -
Rafai Tower 25,536 -4.4
Crescent House 25,536 -4.6
Project Name Current Price (₹/sq.ft) Sale Value Change %
Bhagwan Bhuvan 24,871 ₹ 2.6 Cr 2
Classic Burj Tower 24,871 ₹ 2.1 Cr 5.8
Alamdar Aqdas Residency 31,325 ₹ 70 L -1.7
Noble Tower 14,886 ₹ 46 L -
Rafai Tower 24,926 ₹ 41.5 L -
Project Name Current Price (₹/sq.ft) Transactions Change %
Classic Burj Tower 24,871 3 5.8
Bhagwan Bhuvan 24,871 2 2
Alamdar Aqdas Residency 31,325 1 -1.7
Rafai Tower 24,926 1 -
Noble Tower 14,886 1 -
Top Developers in Mumbai
Sabari Group leads in Mumbai with 22 projects and years of experience.
DLF
Sabari Group ₹ 95 L - ₹ 7.94 Cr
  • 22 Projects
DLF
Patel RPL
  • 7 Projects
DLF
PAREKH INFRA
  • 7 Projects
DLF
Alamdar Infrastructure Pvt Ltd ₹ 1.08 Cr - ₹ 8.78 Cr
  • 7 Projects
DLF
M K Enterprises ₹ 50.08 L - ₹ 3.17 Cr
  • 4 Projects
DLF
Gold Plaza Developers ₹ 1.5 Cr - ₹ 2.78 Cr
  • 3 Projects
DLF
Nina Realtors ₹ 59 L - ₹ 1.37 Cr
  • 3 Projects
DLF
Classic Corporation
  • 3 Projects
DLF
Amex Developers
  • 1 Projects
DLF
S Square Constructions Mumbai ₹ 91 L - ₹ 1.57 Cr
  • 1 Projects
View More
Top Developers by Transaction Count

Premium residential developments in Mandvi showcase a range of asking prices, reflecting their unique attributes. Patel Building Apartment, for instance, stands out with an average asking rate of ₹45,672 per sq ft, despite a recent adjustment. Tohfa Apartment follows with a listing rate of ₹35,853 per sq ft, while Bhatia Niwas is priced at ₹35,266 per sq ft. Other notable projects like Masina Building and Alamdar Aqdas Residency also contribute to the market's diverse offerings, demonstrating various price points for potential buyers.

  • By Transaction
Developer Transactions
Classic Corporation 3
Alamdar Kapde Developer 1

Government Registration in Mandvi, Mumbai

  • Sales Transactions220
  • Gross Sales Value₹ 142 Cr
  • Registered Rate₹ 15,500/sq.ft

Official government registration data for Mandvi reveals a robust market during April 2025 to March 2026, with 220 property transactions recorded. These transactions collectively generated a gross value of ₹142 Cr, indicating substantial market activity. The average registered rate stood at ₹15,500 per sq ft, which is notably lower than the average asking price, suggesting a dynamic negotiation environment or a mix of older and newer property registrations. Classic Corporation emerged as a key player in developer transactions, while projects like Classic Burj Tower and Bhagwan Bhuvan saw significant buyer interest.

Recent Registered Transactions in Mandvi

Date Floor/Unit Tower/Wing Area Value Rate/Sq.Ft.  
2026-02-23 Floor 3, Unit 9 N/A 165 Sq.Ft. 🔒 🔒
2026-02-18 Floor 2, Unit 10 N/A 740 Sq.Ft. 🔒 🔒
2026-02-18 Floor 9, Unit 901 N/A 385 Sq.Ft. 🔒 🔒
2026-02-14 Floor 1, Unit 102 N/A 180 Sq.Ft. 🔒 🔒
2026-02-13 Floor G, 1, 2, 3, 4, 5 N/A 598 Sq.Ft. 🔒 🔒
2026-02-12 Floor 15, Unit 1504 A 471 Sq.Ft. 🔒 🔒
2026-02-11 Floor 10, Unit 1004 A 471 Sq.Ft. 🔒 🔒
2026-02-11 Floor 11, Unit 1105 A 472 Sq.Ft. 🔒 🔒
2026-02-11 Floor 9, Unit 904 A 471 Sq.Ft. 🔒 🔒
2026-01-29 Floor 5, Unit 5/38 N/A 605 Sq.Ft. 🔒 🔒
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