Property Rates in Mandvi, Mumbai 2026

The average asking price in Mandvi of ₹29,750 per sq ft is significantly higher than the Government Registration Rate of ₹15,500 per sq ft. This data, covering the period from August 2025 to July 2026, suggests a notable gap between the market-driven valuation and the official registration benchmarks used for property transactions in the area.

Property rates in Mandvi have shown a period of stability followed by minor fluctuations. As of March 2026, the micromarket rate was ₹46,350 per sq ft, maintaining the same level as December 2025, after a slight increase from ₹46,200 per sq ft in September 2025. This trajectory indicates a period of price consolidation in the local real estate market.

As of June 2026, Ready To Move properties in Mandvi are priced at an average of ₹30,150 per sq ft, having appreciated by 12.92% compared to the prior period. In contrast, Under Construction projects are currently priced at ₹30,500 per sq ft, which represents an appreciation of 11.03% over the same timeframe. The proximity in pricing between these two statuses suggests a mature market where the premium for immediate possession is currently balanced by the demand for new inventory.

As of June 2026, 1 BHK apartments in Mandvi command an average monthly rent of ₹50,650. This rental benchmark provides a clear entry point for tenants looking for residential options in the locality and serves as a key indicator for investors evaluating the income-generating potential of smaller unit configurations in this part of Mumbai.

Rental rates in the vicinity of Mandvi show a diverse range as of June 2026. Premium areas like Nagpada, Marine Lines, Marine Drive, and Byculla command the highest rental rates at ₹200 per sq ft. Meanwhile, areas such as Mazgaon and Tadwadi are more accessible at ₹100 per sq ft. Notably, Girgaon has seen a significant appreciation of 12.14% in rental rates, whereas Byculla West experienced a depreciation of 5.52% compared to the previous period.

As of June 2026, the most active projects in Mandvi by transaction volume include Alamdar Aqdas Residency, Bhagwan Bhuvan, Earth Anand, Classic Burj Ashrafi, and Rehmania Castle. Alamdar Aqdas Residency, located in Masjid Bunder West, is currently priced at ₹31,950 per sq ft, reflecting an appreciation of 3.36% from the previous period.

Investors should note that while some projects like Alamdar Aqdas Residency have seen an appreciation of 3.36% as of June 2026, others like Bhagwan Bhuvan have experienced a depreciation of 11.56% over the same period. This variance highlights the importance of project-level due diligence, as market performance in Mandvi is not uniform and depends heavily on the specific project's location, amenities, and current listing status.

The Mandvi residential market is currently seeing transaction activity driven by developers such as Alamdar Kapde Developer, Classic Corporation, and Earth Builders Mumbai. These developers have each recorded transactions as of June 2026, signaling their continued involvement and influence in the local housing landscape.

Properties categorized as 'Well Occupied' in Mandvi are currently priced at ₹30,350 per sq ft as of June 2026, showing an appreciation of 13.5% compared to the previous period. This price point, which is slightly higher than the average for Ready To Move units, often reflects the stability and established community infrastructure that buyers prioritize, leading to sustained demand and price growth.