Property Rates in Masjid Bunder, Mumbai 2026

Property price trends in Masjid Bunder have shown remarkable stability, with the micromarket rate holding steady at ₹46,350 per sq ft from December 2025 to March 2026. Prior to this, the rate saw minor fluctuations, moving from ₹46,200 per sq ft in September 2025 to ₹46,350 per sq ft in December 2025, indicating a resilient market environment for investors and homebuyers.

Property prices in Masjid Bunder are distinct from surrounding neighbourhoods, which show a wide range of valuations. For instance, Girgaon commands a significantly higher average rate of ₹1.16 Lakh per sq ft, having appreciated by 49.22% from the previous period. Conversely, areas like Nagpada and Agripada are priced at ₹35,100 per sq ft and ₹35,550 per sq ft respectively, with both experiencing depreciation of 11.81% and 5.64% over the same timeframe.

As of March 2026, Ready To Move properties in Masjid Bunder are priced at an average of ₹27,950 per sq ft, having appreciated by 5.35% compared to the previous period. Well Occupied properties command a slightly higher average price of ₹28,400 per sq ft, which has also seen an appreciation of 5.83% over the same period, suggesting that established, occupied units currently hold a premium in this market.

Naminath Arihant Heights is currently the most prominent project in Masjid Bunder by transaction activity, recording 2 transactions as of March 2026. The project is situated in the Vadgadi locality and is currently priced at ₹36,200 per sq ft, which reflects a depreciation of 0.91% compared to the previous period.

As of March 2026, Noori Towers Apartment leads the listing rates in Masjid Bunder at ₹40,000 per sq ft, maintaining stable pricing. Other notable projects include Mirza Building at ₹34,500 per sq ft (which appreciated by 9.85%) and Adinath Building at ₹33,450 per sq ft, which has remained stable. These projects represent the higher end of the current market spectrum in the locality.

Naminath Group of Companies is the leading developer in Masjid Bunder based on transaction activity, with 2 recorded transactions as of March 2026. Their focus on projects like Naminath Arihant Heights highlights their significant footprint in the local residential market.

Rental rates in the vicinity of Masjid Bunder show significant variation depending on the prestige and location of the area. As of March 2026, Churchgate commands the highest rental rate at ₹250 per sq ft, while areas like Mazgaon and Tadwadi offer more accessible options at ₹100 per sq ft. Notably, Girgaon has seen a significant rental appreciation of 12.14% to reach ₹150 per sq ft, while Mazgaon saw a 5.41% appreciation to its current rate.

Investors looking at the rental market near Masjid Bunder should note that prime areas like Marine Lines, Marine Drive, and Nagpada currently command rental rates of ₹200 per sq ft as of March 2026. While rental yields are currently not specified, the diverse range of rental rates from ₹100 per sq ft in Mazgaon to ₹250 per sq ft in Churchgate allows investors to target different tenant segments based on their capital outlay and property location.