Property Rates in Masjid Bunder, Mumbai 2026

Property rates in the Masjid Bunder micromarket have shown a fluctuating trajectory throughout 2026. According to data from September 2026, the micromarket rate stood at ₹40,950 per sq ft, following a slight increase from ₹40,300 per sq ft in June 2026. Earlier in the year, the market experienced a higher valuation of ₹46,350 per sq ft in both March 2026 and December 2025, suggesting a recent market correction or adjustment in seller expectations.

Property rates in Masjid Bunder vary significantly when compared to surrounding areas in Mumbai South. As of September 2026, neighbouring areas like Tardeo command a premium at ₹89,400 per sq ft, which has appreciated by 20.86% since the previous period. Other nearby locations show a mix of trends: Mazgaon is priced at ₹41,350 per sq ft (up 2.9%), while Byculla is at ₹43,900 per sq ft (down 0.28%) and Byculla East is at ₹32,550 per sq ft (down 7.72%). These differences reflect the diverse micro-geography and varying demand levels across these South Mumbai pockets.

As of September 2026, Ready To Move properties in Masjid Bunder are available at an average price of ₹26,550 per sq ft, which has depreciated by 3.16% compared to the previous period. In contrast, Well Occupied properties are priced at ₹29,600 per sq ft, reflecting a depreciation of 0.71%. This price gap suggests that properties with established occupancy currently command a slight premium over standard ready-to-move stock in the locality.

As of September 2026, Mirza Building leads the list of projects in Masjid Bunder with an average listing rate of ₹33,350 per sq ft, showing a marginal depreciation of 0.09%. Other notable projects include Topiwala CHS at ₹29,150 per sq ft (down 11.11%) and Sook Na Manzil at ₹28,950 per sq ft, which has appreciated by 3.42%. These rates provide a snapshot of the current market positioning for residential apartments within the locality.

Rental rates in the vicinity of Masjid Bunder show a wide range of values as of September 2026. Churchgate commands the highest rental rate among these areas at ₹250 per sq ft, experiencing a minor depreciation of 0.41%. Meanwhile, areas like Byculla West and Byculla have seen rental appreciation, with both currently at ₹200 per sq ft, reflecting increases of 9.94% and 7.78% respectively. Conversely, Mazgaon and Shapur Baug offer more accessible rental options at ₹100 per sq ft.

Buyers can use the property rates data to benchmark their potential purchase against current market averages and historical trends. By observing that the average asking price in Masjid Bunder is ₹27,600 per sq ft as of September 2026, a buyer can assess whether a specific project's listing rate is competitive. Furthermore, comparing the Ready To Move price of ₹26,550 per sq ft against the broader micromarket trends helps in understanding if the current market is in a phase of correction or stability, allowing for more strategic negotiations.