Property Rates in Mandvi, Mumbai 2026

The average asking price in Mandvi is significantly higher than the Government Registration Rate. While the current average asking price is ₹40,300 per sq ft as of June 2026, the Government Registration Rate is recorded at ₹15,500 per sq ft for the period between October 2025 and September 2026. This gap often reflects the difference between market-driven listing prices and the base values used for official stamp duty and registration purposes.

Property prices in Mandvi have experienced a downward adjustment in the most recent quarter. As of June 2026, the micromarket rate is ₹40,300 per sq ft, down from the ₹46,350 per sq ft observed in both March 2026 and December 2025. This follows a period of relative stability where the rate held at ₹46,200 per sq ft in September 2025.

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 listed at an average of ₹29,050 per sq ft, reflecting an appreciation of 5.68% over the same timeframe. This narrow price gap suggests that buyers are currently paying a similar premium for both immediate possession and future delivery in this locality.

Property rates in Mandvi vary significantly when compared to surrounding areas in Mumbai. For instance, Girgaon commands a much higher average rate of ₹1.16 Lakh per sq ft, which has appreciated by 49.22% over the analyzed period. Other nearby areas show diverse trends, such as Grant Road at ₹55,700 per sq ft (up 16.55%) and Mazgaon at ₹40,200 per sq ft (up 3.07%), while areas like Nagpada and Byculla East have seen depreciation of 11.81% and 7.84% respectively.

As of June 2026, 1 BHK apartments in Mandvi command an average monthly rent of ₹50,650. This rental figure provides a benchmark for tenants looking for compact residential units in the area. Investors should consider this rental income potential alongside the average sale price of ₹29,750 per sq ft for apartments in the locality to assess their potential rental yield.

Rental rates in the vicinity of Mandvi show a range of values depending on the specific neighbourhood. As of June 2026, areas like Nagpada, Marine Lines, Marine Drive, and Grant Road command higher rental rates of ₹200 per sq ft. Meanwhile, localities such as Mazgaon, Girgaon, Byculla, and Byculla West are priced at ₹150 per sq ft. Notably, Nagpada has seen a significant rental appreciation of 19.1%, whereas Byculla has experienced a depreciation of 6.18% in rental rates over the comparative period.

As of June 2026, Patel Building Apartment leads the list of premium projects in Mandvi with an average listing rate of ₹43,650 per sq ft, despite a depreciation of 4.45% from the previous period. Other high-value projects include Tohfa Apartment at ₹34,000 per sq ft (down 5.13%) and Bhatia Niwas at ₹33,050 per sq ft (down 6.24%). These rates reflect the current market positioning of these specific residential buildings within the locality.

Buyers should use the provided data to understand the current market entry points and recent price trajectory in Mandvi. With an average apartment price of ₹29,750 per sq ft as of June 2026, which has depreciated by 3.74% compared to the previous period, the market currently offers a correction that may benefit end-users. Comparing these figures against the Government Registration Rate of ₹15,500 per sq ft helps in gauging the premium over base registration values, while status-wise pricing helps in choosing between immediate occupancy and under-construction options.