Property Rates in Masjid Bunder, Mumbai

Property prices in Masjid Bunder, Mumbai have shown some fluctuation over the past year. The micromarket rate was ₹46,350 per sq ft in both September 2025 and December 2025. Prior to that, it was ₹46,450 per sq ft in June 2025, and it remained at ₹46,350 per sq ft in March 2026. This indicates relative stability in the micromarket average over these periods.

Property rates vary significantly across neighborhoods near Masjid Bunder. As of March 2026, Marine Lines shows the highest average rate at ₹99,900 per sq ft, having depreciated by 0.57%. Mazgaon is priced at ₹40,200 per sq ft with a 3.07% appreciation, while Nagpada averages ₹35,100 per sq ft, experiencing a notable depreciation of 11.81%. Girgaon stands out with an average rate of ₹1.16 Lakh per sq ft, reflecting a substantial 49.22% appreciation.

For Ready To Move properties in Masjid Bunder, Mumbai, the average price is ₹27,950 per sq ft as of March 2026. This segment has seen an appreciation of 5.35% over the recent period. Well-occupied properties in the area are priced slightly higher at ₹28,400 per sq ft, with a similar appreciation of 5.83%, indicating a positive trend for completed residential units.

Naminath Arihant Heights in Vadgadi, Masjid Bunder, recorded the highest number of transactions, with 2 sales as of March 2026. The current rate for this project is ₹36,200 per sq ft, which represents a depreciation of 0.91% from the previous period. The sale value for these transactions averaged ₹1.54 Cr.

Among projects in Masjid Bunder, Mumbai, Noori Towers Apartment lists at ₹40,000 per sq ft, showing no change in rate. Mirza Building is listed at ₹34,500 per sq ft, having appreciated by 9.85%. Adinath Building is priced at ₹33,450 per sq ft with no rate change, followed by Chedda Mansion and Fancy Mahal, both at ₹29,850 per sq ft and ₹29,800 per sq ft respectively, each showing a 16.93% and 16.69% appreciation.

Naminath Group of Companies is the leading developer in Masjid Bunder, Mumbai, based on transaction volume. As of March 2026, they have recorded 2 transactions, making them the top developer in this segment. This activity suggests a notable presence and market engagement by Naminath Group in the Masjid Bunder area.

Rental rates in neighborhoods surrounding Masjid Bunder show considerable variation. Churchgate commands the highest average rent at ₹250 per sq ft, with no change. Marine Lines and Marine Drive are both at ₹200 per sq ft, also showing no change. Grant Road and Nagpada are listed at ₹200 per sq ft and ₹200 per sq ft respectively, with no reported change in rental rates. Mazgaon has an average rental rate of ₹100 per sq ft, which has appreciated by 5.41%.

Rental rates near Masjid Bunder vary by micromarket, with Churchgate leading at ₹250 per sq ft. Marine Lines and Marine Drive are both at ₹200 per sq ft, indicating a strong rental demand in these prime areas. Grant Road and Nagpada also show average rental rates of ₹200 per sq ft. Mazgaon offers rentals at ₹100 per sq ft, with a recent appreciation of 5.41%, suggesting growing rental demand in that locality.

Property prices in Masjid Bunder stand at an average of ₹27,600 per sq ft as of March 2026. In comparison, Mazgaon has a higher average rate of ₹40,200 per sq ft, showing a 3.07% appreciation, while Nagpada is priced lower at ₹35,100 per sq ft, experiencing a significant depreciation of 11.81%. This suggests that while Masjid Bunder offers a more accessible price point, Mazgaon has seen stronger recent price growth.

The market overview for Masjid Bunder, Mumbai indicates a limited listing count of just 2 residential apartments as of March 2026. This low inventory, coupled with an average asking price of ₹27,600 per sq ft, may suggest a tight supply in the area. For buyers, this could mean higher competition for available properties, potentially influencing negotiation power.