Property rates in Mazgaon average ₹40,200 per sq ft, reflecting a stable market with consistent buyer interest. The area remains a key residential hub in South Mumbai, supported by a diverse mix of ready-to-move and under-construction projects. With a healthy rental yield of 3.49% and steady demand for premium apartments, Mazgaon continues to attract investors seeking long-term value in a well-connected and historically significant urban landscape.
Insights for Mazgaon, Mumbai Real Estate Market Overview
Mazgaon is currently experiencing a steady phase of real estate growth, characterized by a balanced supply of residential properties and consistent transaction activity. The market caters to a wide spectrum of buyers, ranging from those seeking immediate occupancy to investors looking for future-ready developments. Rental demand remains robust, driven by the locality's proximity to major commercial hubs and its established social infrastructure. Recent government registration data indicates a healthy flow of transactions, further underscoring the area's reliability for property investment.
The average asking price for apartments in Mazgaon is ₹40,200 per sq ft, showing a positive growth trend of 3.07%.
Rental yields in the locality are currently at 3.49%, with average monthly rents for 3 BHK units reaching ₹1.37 Lakh.
Ready-to-move projects remain a significant part of the inventory with 64 active units, while 13 under-construction projects cater to future demand.
Premium developments like The Aga Hall Estate are setting high-value benchmarks, with rates touching ₹55,850 per sq ft.
The area recorded 179 government-registered transactions with a gross value of ₹186 Cr, highlighting strong market engagement.
Market Strengths
A consistent 3.07% growth in apartment property rates indicates strong demand.
A healthy rental yield of 3.49% provides consistent returns for property owners.
Robust transaction activity with 179 registrations totaling ₹186 Cr during the recorded period.
Diverse inventory ranging from ₹31,050 per sq ft to ₹48,650 per sq ft across different project statuses.
Strong appeal for large units, with 3 BHK apartments commanding an average rent of ₹1.37 Lakh per month.
High-value leadership from premium projects like The Aga Hall Estate, which is priced at ₹55,850 per sq ft.
Market Challenges
Some project statuses, such as the advanced stage category, have seen a price correction of -9.48%.
Nagpada has experienced a significant downward price pressure of -11.81% in recent periods.
Certain established localities like Byculla West have seen a marginal price decline of -2.66%.
Rental rates for Byculla West have seen a decrease of -5.52%, reflecting localized rental market shifts.
Sarkar Residency has seen a price adjustment of -8.71% in listing rates.
Investment Opportunities
The 3.49% rental yield makes Mazgaon an attractive option for income-focused investors.
Under-construction projects at ₹34,950 per sq ft provide a potential for capital appreciation as completion nears.
1 BHK units offer a steady rental income stream with average monthly rents of ₹49,300.
The 3.07% growth in apartment rates indicates a healthy and appreciating residential market.
High-value projects like The Aga Hall Estate demonstrate the potential for premium segment asset growth.
Price Trend
Mazgaon, Mumbai Property Price Trends and Appreciation
Property rates in Mazgaon have shown a steady upward trajectory, moving from ₹39,000 per sq ft in late 2025 to the current average of ₹40,200 per sq ft. This growth highlights the sustained demand for residential space in the locality despite broader market fluctuations. The upward trend is supported by consistent interest in both new and existing developments across the area.
Mazgaon stands at the heart of South Mumbai's property landscape, surrounded by diverse localities that offer varied price points. Byculla commands an average rate of ₹44,050 per sq ft, while Sewri remains competitive at ₹44,500 per sq ft. In contrast, Nagpada and Byculla East offer more accessible entry points at ₹35,100 per sq ft and ₹35,250 per sq ft, respectively. These price variations provide investors with a wide array of choices depending on their budget and proximity preferences.
Mazgaon's real estate market is primarily driven by apartment living, which averages ₹40,200 per sq ft and has seen a growth of 3.07%. This property segment caters to a wide range of buyers, from those looking for compact units to those seeking spacious luxury residences. The steady performance of apartments reflects the enduring appeal of the locality for residential purposes.
The Mazgaon market offers a diverse range of properties across various development stages to suit different buyer timelines. Ready-to-move inventory consists of 64 units priced at ₹32,800 per sq ft, while 13 under-construction projects are available at ₹34,950 per sq ft, marking a 1.82% increase. This mix of supply allows buyers to choose between immediate possession and long-term asset appreciation.
Project & Developer Insights
Top Residential Projects and Developers in Mazgaon
Top Projectsin Mazgaon
LnT Island Cove is the top project in Mazgaon with prices from ₹ 3.40 Cr to 6.34 Cr.
LnT Island Cove
₹ 3.40 Cr - ₹ 6.34 Cr
Mumbai South, Mumbai
JP Codename Matunga Origins
₹ 2.93 Cr - ₹ 4.23 Cr
Mumbai South, Mumbai
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.4 Cr
Mumbai South, Mumbai
Kalpataru Azuro
₹ 45 Cr - ₹ 71.98 Cr
Mumbai South, Mumbai
Lodha Malabar
Price On Request
Mumbai South, Mumbai
Lodha Sea Face
Price On Request
Mumbai South, Mumbai
Prestige Ocean Towers
₹ 26 Cr - ₹ 50.68 Cr
Mumbai South, Mumbai
Godrej Carmichael
₹ 87.92 Cr - ₹ 87.92 Cr
Mumbai South, Mumbai
View More
New Launch
Under Construction
Ready to Move
Top Developersin Mumbai
Atul Projects India Ltd leads in Mumbai with 62 projects and years of experience.
Premium residential developments in Mazgaon are attracting significant attention due to their high-value positioning. The Aga Hall Estate leads the market with an asking price of ₹55,850 per sq ft, having experienced a 29.22% increase. Other notable projects include Hemali Casa Emerald at ₹49,700 per sq ft and Kapil Bayview at ₹48,650 per sq ft, both of which represent the aspirational segment of the local market.
High-value transactions in Mazgaon are concentrated in prime developments that offer superior amenities. The Aga Hall Estate leads with a total transaction value of ₹33.55 Cr, cementing its position as a luxury anchor. Other projects such as Neelam Shatrunjay Darshan and Jupiter Tower have also contributed significantly to the market's high-value segment, accounting for a substantial share of the total turnover.
Project Name
Current Price (₹/Sq.Ft)
Transactions
Change %
The Aga Hall Estate, Tara Bagh
55,850
7
12.4
Sumer Park, Tara Bagh
46,800
1
-
P Square Ganga Avenue, Tara Bagh
35,550
1
-8.4
Jupiter Tower, Tadwadi
31,450
1
16.7
Neelam Shatrunjay Darshan, Tara Bagh
31,200
1
-
Hamza Tower, Ekta Nagar
30,800
1
60.4
Shubh Sandesh, Tara Bagh
30,800
1
5.7
Buyer preference is clearly visible in the transaction volumes across Mazgaon's top developments. The Aga Hall Estate recorded 7 transactions at an average rate of ₹55,850 per sq ft, highlighting its status as a preferred choice. Other projects like Sumer Park and Jupiter Tower have also seen successful registrations, reflecting broad buyer interest in well-located, quality residential units.
Top projects in the locality are setting strong rental benchmarks, with Sarkar Tower leading at ₹160 per sq ft. Infinity Apartments and Shreepati Coronet follow closely, maintaining competitive rates of ₹156 per sq ft and ₹135 per sq ft, respectively, while Atul Wallace Fortuna has shown a significant rental growth of 16.81%.
The development landscape in Mazgaon is shaped by experienced builders who have built strong reputations among buyers. Prince Aly Khan Hospital leads the transaction charts with 7 registrations, while Sumer follows with 3 successful deals. These developers, alongside others, represent the most active and reliable builders currently shaping the local residential horizon.
Government Registrations
Government Registration in Mazgaon, Mumbai
Official registration data for the period of August 2025 to July 2026 shows a vibrant market with 179 transactions totaling ₹186 Cr. The registered rate averaged ₹25,200 per sq ft, confirming the area's active participation in real estate deals. Prince Aly Khan Hospital and Sumer have been key contributors to these transaction volumes, reinforcing the area's appeal to both individual buyers and established developers.
Sales Transactions179
Gross Sales Value₹ 186 Cr
Registered Rate₹ 25,200/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Mazgaon, Mumbai
Rental demand in Mazgaon varies significantly by unit size, with 1 BHK apartments averaging ₹49,300 per month. Those looking for more space can opt for 2 BHK units at ₹76,650 per month, while 3 BHK apartments command a premium average rent of ₹1.37 Lakh per month. Rental rates across the area demonstrate notable diversity, with Byculla and Nagpada commanding higher averages of ₹200 per sq ft. Tadwadi remains a more accessible option at ₹100 per sq ft, while other neighborhoods like Agripada and Chinchpokli maintain a steady average of ₹150 per sq ft. The apartment rental market in Mazgaon is experiencing active growth, with rates averaging ₹100 per sq ft. This sector has seen a positive change of 5.41%, reflecting the rising demand for residential rental spaces in the locality. Top projects in the locality are setting strong rental benchmarks, with Sarkar Tower leading at ₹160 per sq ft. Infinity Apartments and Shreepati Coronet follow closely, maintaining competitive rates of ₹156 per sq ft and ₹135 per sq ft, respectively, while Atul Wallace Fortuna has shown a significant rental growth of 16.81%.
Rental demand in Mazgaon varies significantly by unit size, with 1 BHK apartments averaging ₹49,300 per month. Those looking for more space can opt for 2 BHK units at ₹76,650 per month, while 3 BHK apartments command a premium average rent of ₹1.37 Lakh per month.
Rental rates across the area demonstrate notable diversity, with Byculla and Nagpada commanding higher averages of ₹200 per sq ft. Tadwadi remains a more accessible option at ₹100 per sq ft, while other neighborhoods like Agripada and Chinchpokli maintain a steady average of ₹150 per sq ft.
The apartment rental market in Mazgaon is experiencing active growth, with rates averaging ₹100 per sq ft. This sector has seen a positive change of 5.41%, reflecting the rising demand for residential rental spaces in the locality.
Frequently Asked Questions About Property Rates in Mazgaon, Mumbai
What is the current average asking price in Mazgaon as of June 2026?
The average asking price in Mazgaon is ₹40,200 per sq ft as of June 2026. This figure represents an appreciation of 3.07% compared to the previous period, signaling sustained demand and investor confidence in this South Mumbai locality.
How does the average asking price in Mazgaon compare to the Government Registration Rate?
The average asking price in Mazgaon stands at ₹40,200 per sq ft, while the Government Registration Rate is currently ₹25,200 per sq ft, based on data from August 2025 to July 2026. This gap between the market-driven asking price and the government-notified rate is common in premium urban pockets and reflects the market premium commanded by residential properties in the area.
What are the latest rental trends and rental yields in Mazgaon?
As of June 2026, the average rental rate in Mazgaon is ₹117 per sq ft, which has appreciated by 5.41% over the observed period. The locality currently offers a rental yield of 3.49%, providing investors with a clear metric to evaluate the income potential of their assets relative to the current capital values.
How do rental rates vary by BHK configuration in Mazgaon?
Rental rates in Mazgaon scale significantly with apartment size, reflecting diverse tenant needs. As of June 2026, a 1 BHK apartment typically rents for ₹49,300 per month, a 2 BHK for ₹76,650 per month, and a 3 BHK for ₹1.37 Lakh per month. These price points help both landlords and tenants understand the entry-level and premium segments of the local rental market.
Which projects in Mazgaon currently command the highest rental rates?
As of June 2026, premium projects leading the rental market in Mazgaon include Sarkar Tower at ₹160 per sq ft, Infinity Apartments at ₹156 per sq ft, and Shreepati Coronet at ₹135 per sq ft. These projects command higher rates due to their specific location advantages and amenities, with Atul Wallace Fortuna notably showing an appreciation of 16.81% in its rental rate compared to the previous period.
How do property prices in Mazgaon differ based on project status?
Property prices in Mazgaon vary by construction stage as of June 2026, with Ready To Move properties averaging ₹32,800 per sq ft (a depreciation of 0.84%) and Under Construction projects averaging ₹34,950 per sq ft (an appreciation of 1.82%). Additionally, New Launch projects are priced at ₹31,800 per sq ft, reflecting an appreciation of 1.85%, while Partially Ready To Move units command a premium at ₹48,650 per sq ft, having appreciated by 4.62%.
Which developers have the highest transaction activity in Mazgaon?
Prince Aly Khan Hospital leads the developer activity in Mazgaon with 7 recorded transactions, followed by Sumer with 3 transactions. Other active developers in the area include Vibrant Developers, Razak Builder, and Jakhubhai Lalji Dal Mills Private Limited, each contributing to the local market liquidity.
How do property prices in Mazgaon compare to nearby localities?
Property prices in Mazgaon show distinct variations compared to surrounding areas as of June 2026. While Mazgaon averages ₹40,200 per sq ft, nearby Byculla is priced at ₹44,050 per sq ft (depreciating by 2.5%), and Sewri is at ₹44,500 per sq ft (appreciating by 4.58%). Other nearby areas like Nagpada and Byculla East are priced at ₹35,100 per sq ft and ₹35,250 per sq ft, respectively, both showing a depreciation trend over the same period.
What are the top projects in Mazgaon by transaction volume?
The Aga Hall Estate is the most active project in Mazgaon by transaction volume, recording 7 transactions with a current rate of ₹55,850 per sq ft, which has appreciated by 12.43%. Other notable projects by transaction activity include Sumer Park at ₹46,800 per sq ft and P Square Ganga Avenue at ₹35,550 per sq ft, the latter showing a depreciation of 8.37%.
How should a buyer interpret the property rate data for Mazgaon?
Buyers should use the June 2026 data to distinguish between market-driven asking prices and historical registration trends. With an average asking price of ₹40,200 per sq ft and a 3.07% appreciation, the data suggests a steady market. Comparing the price per sq ft across different project statuses—such as the ₹34,950 per sq ft for Under Construction versus ₹32,800 per sq ft for Ready To Move—can help buyers align their budget with their preference for immediate possession versus long-term capital growth.
