Mumbai
Masjid Bunder presents a stable real estate landscape characterized by a consistent demand for residential units. The market is primarily served by ready-to-move properties, which constitute the majority of current inventory and reflect a positive growth trend of 3.19%. While the area benefits from its prime location in South Mumbai, investors and homebuyers are increasingly focusing on established buildings that offer reliable occupancy. Recent registration data highlights a steady volume of transactions, ensuring that the market remains liquid and accessible for various buyer segments.
As of June 2026, the average asking price in Masjid Bunder stands at ₹27,600 per sq ft. This rate has remained stable, showing a change percentage of 0% over the observed period, which indicates a consistent pricing environment for residential apartments in this locality.
Property price trends in Masjid Bunder have shown a downward trajectory in the most recent quarter, with the micromarket rate moving from ₹46,350 per sq ft in March 2026 to ₹41,150 per sq ft in June 2026. Prior to this, the market experienced a period of stability, holding steady at ₹46,350 per sq ft from December 2025 to March 2026, following a slight increase from ₹46,200 per sq ft in September 2025.
Property rates in Masjid Bunder vary significantly compared to surrounding neighbourhoods. For instance, Girgaon currently commands a much higher average rate of ₹1.16 Lakh per sq ft, having appreciated by 49.22% compared to previous periods. Other nearby areas include Grant Road at ₹55,700 per sq ft (up by 16.55%) and Mazgaon at ₹40,200 per sq ft (up by 3.07%). Conversely, areas like Nagpada and Agripada show lower average rates of ₹35,100 per sq ft and ₹35,550 per sq ft, respectively, both of which have seen depreciation in their market values.
As of June 2026, Ready To Move properties in Masjid Bunder are priced at an average of ₹27,400 per sq ft, reflecting an appreciation of 3.19% compared to earlier periods. In contrast, Well Occupied properties command a higher average price of ₹29,800 per sq ft, which has seen a significant appreciation of 11.08%, suggesting a strong preference or premium for established, functional residential units in the locality.
As of June 2026, Noori Towers Apartment leads the list of projects in Masjid Bunder with an asking rate of ₹40,000 per sq ft. Other notable projects include Adinath Building at ₹33,450 per sq ft and Mirza Building at ₹33,400 per sq ft, the latter of which has appreciated by 6.38%. Additional projects like Topiwala CHS and Daya Mandir CHS are priced at ₹32,750 per sq ft and ₹32,550 per sq ft respectively, with Daya Mandir CHS showing a slight depreciation of 0.69%.
Naminath Group of Companies is currently the most active developer in Masjid Bunder, recording 2 transactions as of June 2026. This developer is also associated with the project Naminath Arihant Heights, which is a key contributor to the local transaction and value rankings.
The rental market in the vicinity of Masjid Bunder shows varied pricing, with Churchgate commanding the highest average rental rate at ₹250 per sq ft, which has appreciated by 0.43%. Other areas such as Marine Lines, Marine Drive, and Grant Road all maintain a rental rate of ₹200 per sq ft, with Nagpada showing a notable rental appreciation of 19.1% to reach the same ₹200 per sq ft level. Conversely, areas like Byculla and Girgaon have seen rental depreciation, with rates currently at ₹150 per sq ft, reflecting a decrease of 2.81% and 4.46% respectively.
Investors looking at the Masjid Bunder region should note that while specific rental yields are currently unavailable, the rental rates in neighbouring localities like Nagpada have shown strong growth, appreciating by 19.1% recently. By comparing the average sale price of ₹27,600 per sq ft in Masjid Bunder against the rental rates of nearby established hubs like Churchgate (₹250 per sq ft) or Grant Road (₹200 per sq ft), investors can gauge the potential income-generating capacity of residential assets in this part of South Mumbai.
Users can leverage this page to compare the average asking price of ₹27,600 per sq ft in Masjid Bunder against broader city trends and specific project-level data. By observing the appreciation and depreciation percentages provided for various projects—such as the 10.57% increase seen in Neela Bhavan—buyers can identify which developments are gaining value. Additionally, the breakdown of Ready To Move versus Well Occupied property prices helps in deciding between immediate occupancy and established community living.
