Mumbai
Mankhurd presents a dynamic real estate environment characterized by a strong mix of ready-to-move and under-construction inventory. Recent market data indicates that residential apartments are the primary asset class, with significant interest observed in projects like Makwise Anuvidnyan Nagar CHS and Samyak CHS. Rental activity is particularly robust, driven by demand for 1 BHK configurations which are currently priced at an average of ₹23,650 per month. Government registration data confirms consistent transaction flow, highlighting the area's ongoing appeal to property seekers. Developers are actively catering to this demand, ensuring a steady pipeline of housing options that balance current pricing benchmarks with long-term value.
As of June 2026, the average asking price in Mankhurd stands at ₹39,650 per sq ft. This reflects a significant upward trend, with the micromarket rate appreciating from ₹37,250 per sq ft in March 2026, indicating strong demand and positive market sentiment in the area.
Property prices in Mankhurd have shown a consistent upward trajectory throughout the last year. The micromarket rate rose from ₹34,550 per sq ft in September 2025 to ₹36,000 per sq ft in December 2025, further climbing to ₹37,250 per sq ft in March 2026, and reaching ₹39,650 per sq ft by June 2026. This sustained growth suggests a resilient market environment for both buyers and investors.
The average asking price in Mankhurd, which is ₹39,650 per sq ft as of June 2026, is significantly higher than the Government Registration Rate of ₹10,000 per sq ft recorded between October 2025 and September 2026. This gap is common in active real estate markets and reflects the difference between official valuation benchmarks and the actual market-driven prices commanded by residential projects in the locality.
As of June 2026, under-construction properties in Mankhurd command a premium, with an average price of ₹26,800 per sq ft, which has appreciated by 5.77% compared to previous periods. In contrast, ready-to-move properties are priced at an average of ₹24,850 per sq ft, showing a marginal depreciation of 0.06% over the same timeframe. This pricing structure suggests that buyers are currently placing a value premium on newer, under-construction inventory.
The average rental rate in Mankhurd is ₹80 per sq ft as of June 2026. This rate has seen a notable appreciation of 17.65% compared to previous periods, reflecting increased demand for rental housing in the locality. For investors, this upward movement in rental values, combined with the current sale price trends, provides a useful indicator of the potential income yield available in the Mankhurd market.
As of June 2026, the average monthly rent for a 1 BHK apartment in Mankhurd is ₹23,650. This specific segment serves as a primary rental option for the area, catering to a consistent demand from working professionals and small families. Prospective tenants should note that rental rates can vary based on project amenities and proximity to key transit points within the locality.
As of June 2026, PMGP Colony leads the rental market in Mankhurd with a current rental rate of ₹90 per sq ft. Other premium rental projects include Charisma Zarina Park I at ₹74 per sq ft, Meena Surve Tower at ₹72 per sq ft, and Madhukunj CHS Mankhurd at ₹72 per sq ft. These projects currently show stable rental pricing with a 0% change percentage, indicating a consistent demand profile for these specific residential addresses.
Mankhurd's real estate market operates within a broader regional context where prices vary significantly by neighbourhood. As of June 2026, Govandi East and Deonar both command an average asking price of ₹42,450 per sq ft, having appreciated by 8.39%. Meanwhile, Chembur is priced at ₹34,300 per sq ft with a 3.44% appreciation, and Govandi stands at ₹26,000 per sq ft, showing a strong 13.37% appreciation. These comparisons help investors identify which pockets within the Mumbai Harbour micromarket offer the best value relative to their budget.
Makwise Anuvidnyan Nagar CHS is currently the most prominent project in Mankhurd by listing rate, priced at ₹28,550 per sq ft as of June 2026. This project has seen an appreciation of 12.12% compared to previous periods, marking it as a high-value asset within the local inventory. Other projects like Samyak CHS and Charisma Zarina Park I follow, with listing rates of ₹25,300 per sq ft and ₹25,100 per sq ft, respectively.
A potential buyer should use the June 2026 data to understand both the entry-level cost and the growth trajectory of the market. By comparing the average asking price of ₹39,650 per sq ft against the status-wise pricing—such as the ₹26,800 per sq ft for under-construction units—buyers can determine if they are paying a premium for immediate possession or investing in future value. Always consider the appreciation trends, such as the 5.77% increase in under-construction rates, to gauge the momentum of the specific property type you are targeting.
