Property Rates in Masjid Bunder, Mumbai 2026

The property price trend in Masjid Bunder has shown stability in the most recent periods. While the micromarket rate was recorded at ₹46,350 per sq ft in March 2026 and December 2025, it showed a slight increase from ₹46,200 per sq ft in September 2025. This trajectory suggests a resilient market environment where prices have largely held steady over the last three quarters.

Property rates in Masjid Bunder, currently at ₹27,600 per sq ft, are generally more accessible than many surrounding areas in South Mumbai. For context, as of June 2026, Girgaon commands a significantly higher average rate of ₹1.16 Lakh per sq ft (which has appreciated by 49.22%), while Marine Lines sits at ₹99,900 per sq ft (depreciating by 0.57%). Other nearby areas like Grant Road at ₹55,700 per sq ft (appreciating by 16.55%) and Byculla at ₹44,050 per sq ft (depreciating by 2.5%) also reflect the premium nature of the broader South Mumbai geography compared to the Masjid Bunder locality.

As of June 2026, Ready To Move properties in Masjid Bunder are priced at an average of ₹27,950 per sq ft, having appreciated by 5.35%. Meanwhile, Well Occupied properties command a slightly higher average of ₹28,400 per sq ft, reflecting an appreciation of 5.83%. The marginal price premium for well-occupied units often reflects the added value of established community living and immediate habitability.

As of June 2026, Noori Towers Apartment leads the list with an asking rate of ₹40,000 per sq ft, maintaining stable pricing. Other notable projects include Mirza Building at ₹34,500 per sq ft (appreciating by 9.85%) and Adinath Building at ₹33,450 per sq ft, which has remained stable. These projects represent the higher end of the local market, with several others like Neela Bhavan and Sook Na Manzil both priced at ₹29,750 per sq ft, showing a notable appreciation of 17.44% compared to previous periods.

Naminath Arihant Heights in the Vadgadi locality of Masjid Bunder is a prominent project, appearing as a top choice by both transaction volume and value as of June 2026. The project is currently listed at ₹36,200 per sq ft, which has seen a depreciation of 0.91% compared to the prior period. With 2 recorded transactions, it remains a key point of interest for those tracking market activity in the area.

While Masjid Bunder itself does not currently show specific rental yield data, the surrounding micromarkets offer diverse rental benchmarks as of June 2026. For instance, Churchgate commands the highest rental rate among these peers at ₹250 per sq ft, while Marine Lines and Nagpada both sit at ₹200 per sq ft. More affordable rental options are available in Mazgaon and Tadwadi, both at ₹100 per sq ft, with Mazgaon specifically showing a rental appreciation of 5.41%.

Rental trends in the vicinity of Masjid Bunder show varying levels of growth as of June 2026. Girgaon has seen the most significant rental appreciation at 12.14%, reaching an average of ₹150 per sq ft. Mazgaon also experienced positive growth with a 5.41% appreciation to reach ₹100 per sq ft. Other areas like Churchgate, Grant Road, and Nagpada have maintained stable rental rates at ₹250, ₹200, and ₹200 per sq ft respectively, indicating a steady demand for rental housing in these established South Mumbai pockets.