Property rates in Mankhurd average ₹24,850 per sq ft for ready-to-move units. The local market displays varied performance, with under-construction projects currently commanding a higher average of ₹26,800 per sq ft. Rental demand remains active as well, with average rental rates reaching ₹80 per sq ft. These figures reflect a stable residential landscape, where established housing societies continue to be the primary drivers of both occupancy and transaction interest across the locality.
Insights for Mankhurd, Mumbai Real Estate Market Overview
The residential market in Mankhurd presents a blend of ready-to-move and under-construction opportunities that cater to diverse buyer requirements. With a significant number of units available for immediate occupancy, the area maintains a consistent baseline for property pricing. Rental activity has shown notable growth, driven by consistent demand for apartment living. Government registration data confirms a steady flow of transactions, validating the area's ongoing appeal as a residential hub in the Mumbai harbour region.
Ready-to-move projects maintain a competitive average price of ₹24,850 per sq ft, offering immediate value to homebuyers.
Under-construction developments are currently priced at ₹26,800 per sq ft, reflecting a positive price trend of 5.77%.
Rental rates have seen a significant annual increase of 17.65%, highlighting growing demand for local rental properties.
1 BHK apartments are currently available for rent at an average of ₹23,650 per month, serving as a key entry point for tenants.
Transaction activity remains consistent with 192 registered deals valued at ₹31 Cr recorded within the recent annual cycle.
Market Strengths
High rental growth of 17.65% indicates strong demand from tenants in the area.
A diverse supply of 35 ready-to-move projects provides immediate housing solutions for buyers.
Under-construction projects show a positive price growth of 5.77%, signaling developer confidence.
The market maintains a healthy transaction volume of 192 deals annually.
The 1 BHK unit type offers a consistent rental income of ₹23,650 per month.
Market Challenges
The apartment segment has experienced a price correction of -21.73%, which may require long-term holding strategies for some buyers.
Several established residential projects have seen minor price fluctuations, necessitating careful selection for short-term investment.
Investment Opportunities
Under-construction projects offer a 5.77% growth trend, presenting potential for capital appreciation.
Rental rates have surged by 17.65%, making residential apartments an attractive option for income-focused investors.
The 1 BHK rental segment provides a steady monthly income stream averaging ₹23,650.
Ready-to-move properties at ₹24,850 per sq ft provide a stable, low-risk entry point for immediate occupancy or rental income.
Price Trend
Mankhurd, Mumbai Property Price Trends and Appreciation
Real estate rates in the vicinity of Mankhurd vary significantly across established micro-markets. Govandi East and Deonar command premium rates of ₹42,450 per sq ft, while Chembur maintains a solid average of ₹34,300 per sq ft. Conversely, Govandi offers a more accessible entry point at ₹26,000 per sq ft, representing a substantial value proposition compared to the higher-priced pockets in the immediate harbour region.
Mankhurd's residential market is primarily driven by apartment living, which currently averages ₹18,000 per sq ft. This segment has seen a price adjustment of -21.73%, providing a unique entry opportunity for buyers looking to invest in the locality. The market remains focused on residential units, ensuring that apartment seekers have a variety of options to choose from according to their budget and location preferences.
The Mankhurd market offers properties across various development stages, catering to different buyer timelines. Ready-to-move inventory, comprising 35 units, averages ₹24,850 per sq ft, appealing to immediate occupancy seekers. Under-construction projects present 2 opportunities at ₹26,800 per sq ft, showing a growth of 5.77%, while well-occupied projects maintain a stable rate of ₹24,750 per sq ft.
Project & Developer Insights
Top Residential Projects and Developers in Mankhurd
Top Projectsin Mankhurd
JP Icons 71 is the top project in Mankhurd with prices from ₹ 4.25 Cr to 6.44 Cr.
Premium residential developments in Mankhurd set a high-value benchmark for the locality. Makwise Anuvidnyan Nagar CHS leads the market at ₹28,550 per sq ft, reflecting a 12.12% increase. Other notable projects include Samyak CHS and Charisma Zarina Park I, which are priced at ₹25,300 per sq ft and ₹25,100 per sq ft respectively, highlighting the aspirational segment of the area.
Top projects such as PMGP Colony are leading the rental market with rates at ₹90 per sq ft. Other significant residential developments, including Charisma Zarina Park I and Meena Surve Tower, offer competitive rental rates at ₹74 per sq ft and ₹72 per sq ft, respectively.
Government Registrations
Government Registration in Mankhurd, Mumbai
Official registration data reveals consistent transaction activity in Mankhurd. A total of 192 transactions were recorded with a gross value of ₹31 Cr, indicating steady market momentum. These registrations, occurring at an average rate of ₹10,000 per sq ft, underscore the volume of activity within the residential sector.
Sales Transactions192
Gross Sales Value₹ 31 Cr
Registered Rate₹ 10,000/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Mankhurd, Mumbai
The rental market in Mankhurd is currently anchored by 1 BHK apartments, which command an average monthly rent of ₹23,650. This unit type remains the primary focus for residential tenants seeking affordable and functional living spaces in the area. Rental rates across the surrounding micro-markets remain competitive, with many areas such as Govandi, Deonar, and Shivaji Nagar averaging ₹100 per sq ft. Chembur Colony and Barrister Nath Pai Nagar stand out as premium rental pockets, commanding higher rates of ₹150 per sq ft, reflecting their increased demand and localized growth. Apartments in Mankhurd continue to be the standard for rental properties, currently averaging ₹100 per sq ft. This segment has witnessed a significant annual rental growth of 17.65%, indicating a robust demand for apartment-style living across the locality. Top projects such as PMGP Colony are leading the rental market with rates at ₹90 per sq ft. Other significant residential developments, including Charisma Zarina Park I and Meena Surve Tower, offer competitive rental rates at ₹74 per sq ft and ₹72 per sq ft, respectively.
The rental market in Mankhurd is currently anchored by 1 BHK apartments, which command an average monthly rent of ₹23,650. This unit type remains the primary focus for residential tenants seeking affordable and functional living spaces in the area.
Rental rates across the surrounding micro-markets remain competitive, with many areas such as Govandi, Deonar, and Shivaji Nagar averaging ₹100 per sq ft. Chembur Colony and Barrister Nath Pai Nagar stand out as premium rental pockets, commanding higher rates of ₹150 per sq ft, reflecting their increased demand and localized growth.
Apartments in Mankhurd continue to be the standard for rental properties, currently averaging ₹100 per sq ft. This segment has witnessed a significant annual rental growth of 17.65%, indicating a robust demand for apartment-style living across the locality.
Frequently Asked Questions About Property Rates in Mankhurd, Mumbai
What is the current average asking price in Mankhurd as of June 2026?
As of June 2026, the average asking price in Mankhurd stands at ₹39,650 per sq ft. This reflects a consistent upward trend in the micromarket, which has appreciated from ₹37,250 per sq ft in March 2026, indicating sustained buyer interest and market activity in the region.
How have property prices in Mankhurd trended over the last few quarters?
Property prices in Mankhurd have shown a steady upward trajectory throughout the first half of 2026. The micromarket rate rose from ₹36,000 per sq ft in December 2025 to ₹37,250 per sq ft in March 2026, and further climbed to ₹39,650 per sq ft by June 2026, signaling strong demand and positive investor sentiment in the locality.
How does the average asking price in Mankhurd compare to nearby localities?
Property rates vary significantly across the surrounding areas of Mankhurd. As of June 2026, Govandi East and Deonar command higher average asking prices at ₹42,450 per sq ft, having appreciated by 8.39% compared to previous periods. Meanwhile, areas like Chembur are priced at ₹34,300 per sq ft (up 3.44%), and Pant Nagar has seen a depreciation of 8.15%, bringing its average to ₹28,450 per sq ft.
What is the difference in pricing between ready-to-move and under-construction properties in Mankhurd?
As of June 2026, under-construction properties in Mankhurd are priced at an average of ₹26,800 per sq ft, reflecting an appreciation of 5.77% compared to previous cycles. In contrast, ready-to-move properties are available at an average of ₹24,850 per sq ft, which has remained relatively stable with a minor depreciation of 0.06%.
How does the Government Registration Rate compare to the current market asking price in Mankhurd?
The Government Registration Rate in Mankhurd is currently ₹10,000 per sq ft, based on transaction data recorded between October 2025 and September 2026. This figure is significantly lower than the current market asking price of ₹39,650 per sq ft as of June 2026, a common variance in high-demand urban markets where market-driven premiums often exceed official registration benchmarks.
What are the rental trends for apartments in Mankhurd as of June 2026?
Apartments in Mankhurd command an average rental rate of ₹100 per sq ft as of June 2026, which represents a notable appreciation of 17.65% compared to previous periods. This growth reflects the increasing demand for rental housing in the area, providing a solid indicator for potential landlords and investors looking at the locality's income-generating potential.
What is the typical monthly rent for a 1 BHK apartment in Mankhurd?
As of June 2026, the average monthly rent for a 1 BHK apartment in Mankhurd is ₹23,650 per month. This price point serves as a key benchmark for tenants seeking residential options in the area and highlights the current entry-level rental cost for the most common unit configuration in the locality.
Which projects in Mankhurd currently command the highest rental rates?
PMGP Colony leads the rental market in Mankhurd with a current rental rate of ₹90 per sq ft as of June 2026, where rates have remained stable. Other prominent projects include Charisma Zarina Park I at ₹74 per sq ft and Meena Surve Tower at ₹72 per sq ft, both of which have also maintained stable rental pricing throughout the recent period.
How should investors interpret the price difference between property types in Mankhurd?
Investors should note that as of June 2026, apartments in Mankhurd are priced at an average of ₹18,000 per sq ft, which reflects a depreciation of 21.73% compared to previous periods. This correction suggests a potential entry opportunity for long-term investors, provided they weigh this against the current rental yield trends and the overall infrastructure development in the Mumbai Harbour region.
What does the transaction volume in Mankhurd suggest about the market?
With 192 registered transactions recorded between October 2025 and September 2026, Mankhurd demonstrates a consistent level of market activity. This volume of transactions, combined with a gross value of ₹31 Cr, indicates a stable and active real estate environment suitable for both end-users looking for established communities and investors monitoring liquidity.
