Property Rates in Masjid Bunder, Mumbai 2026

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. This adjustment reflects a softening in the local market pricing over the last three months.

Property rates in Masjid Bunder vary significantly compared to surrounding areas. For instance, Girgaon currently commands a much higher average asking price of ₹1.16 Lakh per sq ft, having appreciated by 49.22% from June 2025 to June 2026. Conversely, areas like Nagpada are priced at ₹35,100 per sq ft, which saw a depreciation of 11.81% over the same period, while Mazgaon is priced at ₹40,200 per sq ft, reflecting a 3.07% appreciation from June 2025 to June 2026.

As of June 2026, Ready To Move properties in Masjid Bunder are priced at an average of ₹27,400 per sq ft, which has appreciated by 3.19% compared to the previous period. Well Occupied properties command a higher premium at ₹29,800 per sq ft, showing a significant appreciation of 11.08% over the same timeframe, signaling strong demand for established, functional housing units.

Noori Towers Apartment leads the local market with a listing rate of ₹40,000 per sq ft as of June 2026, maintaining a stable price trend. Other premium options 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% from the previous period.

Rental rates in the vicinity of Masjid Bunder show diverse performance as of June 2026. Churchgate commands the highest rental rate among these areas at ₹250 per sq ft, with a 0.43% appreciation, while Nagpada has seen a notable 19.1% increase in rental rates to reach ₹200 per sq ft. Meanwhile, areas like Byculla have seen a rental depreciation of 2.81%, bringing the current rate to ₹150 per sq ft.

Investors should note that rental rates in the broader Masjid Bunder area reflect varying demand levels across different neighborhoods. For example, while Marine Lines and Marine Drive both maintain rental rates of ₹200 per sq ft with modest appreciation of 0.46% and 0.45% respectively, the rental market in Girgaon has experienced a 4.46% depreciation, settling at ₹150 per sq ft. These figures help investors identify which sub-markets are currently experiencing rental growth versus those undergoing a correction.

Buyers can use the property rate data for Masjid Bunder to benchmark current asking prices against historical trends and neighboring localities. By observing that the average asking price is ₹27,600 per sq ft as of June 2026 and comparing it with the status-wise pricing, such as the ₹29,800 per sq ft for Well Occupied units, buyers can better assess the value proposition of specific projects versus the broader market average.