Property Rates in Mazgaon, Mumbai

Property rates in Mazgaon vary significantly across its micromarkets as of March 2026. Byculla shows the highest average rate at ₹44,040 per sq ft, though it has seen a depreciation of 5.9% recently. Bhuleshwar is also a premium area with an average rate of ₹42,007 per sq ft, appreciating by 5.67%. In contrast, Masjid Bunder has the lowest average rate at ₹27,576 per sq ft, with no reported change. Other micromarkets like Umerkhadi and Mandvi are priced around ₹32,029 and ₹29,745 per sq ft respectively, with stable rates.

Property rates in Mazgaon have shown some fluctuation over the past year, with the latest data for March 2026 showing an average location rate of ₹40,200 per sq ft. This is an increase from ₹39,001 per sq ft in December 2025, indicating a positive quarterly movement. However, looking back to September 2025, rates were higher at ₹41,144 per sq ft, and in June 2025, they were ₹39,850 per sq ft. The micromarket rate, which reflects a broader area, also shows a significant jump to ₹46,372 in March 2026 from ₹29,645 in December 2025.

The average asking price for apartments in Mazgaon was ₹40,200 per sq ft as of March 2026. This segment has experienced an appreciation of 3.07% over the period, reflecting a steady demand for apartment living in the area. This figure aligns with the overall average asking price for the locality, suggesting apartments are the dominant property type influencing the market.

As of March 2026, Ready To Move properties in Mazgaon are priced at an average of ₹33,085 per sq ft, which has seen a depreciation of 8.48%. Under Construction properties, on the other hand, are priced at ₹34,349 per sq ft, with a depreciation of 6.6%. This indicates that currently, Under Construction properties are priced slightly higher than Ready To Move options, despite both segments experiencing a price decrease.

The Aga Hall Estate in Tara Bagh, Mazgaon, recorded the highest number of transactions with 8 units, and its current rate is ₹58,594 per sq ft, despite a recent depreciation of 7.48%. Sumer Park, also in Tara Bagh, follows with 3 transactions and a rate of ₹45,000 per sq ft. Bunyan CHS, another project in Tara Bagh, had 2 transactions with a rate of ₹34,228 per sq ft. These projects are leading in terms of buyer interest and transaction volume in Mazgaon.

The Aga Hall Estate in Tara Bagh, Mazgaon, leads in terms of transaction value, with a total sale value of ₹33.25 Cr and a current rate of ₹58,594 per sq ft, showing a recent depreciation of 7.48%. Sumer Park, also in Tara Bagh, follows with a transaction value of ₹5.84 Cr and a rate of ₹45,000 per sq ft. Bunyan CHS, in the same locality, has a transaction value of ₹3.23 Cr at ₹34,228 per sq ft. These projects represent the highest value segments in Mazgaon's property market based on recent sales.

As of March 2026, Atul Wallace Fortuna in Mazgaon has the highest listing rate at ₹51,875 per sq ft, with no reported change. Sarkar Residency follows closely at ₹47,812 per sq ft, showing a slight depreciation of 0.33%. Redstone Azara Residences is listed at ₹47,535 per sq ft, marking a significant appreciation of 38.91%. Kapil Bayview is listed at ₹46,493 per sq ft, with a substantial appreciation of 18.92%. These projects represent the premium end of the market in terms of asking prices.

Prince Aly Khan Hospital has the highest number of transactions in Mazgaon with 8 units. Sumer follows with 5 transactions, and Neelam Realtors Pvt Ltd has recorded 3 transactions. Hemali Investments And Finance, Bandgar Enterprises, Ahmed Builders, and Darshan Properties each have 2 transactions, indicating a diverse range of developers active in the Mazgaon market.

The average rental rate in Mazgaon is ₹117 per sq ft as of March 2026. The area offers a rental yield of 3.49%, which indicates the potential return on investment for property owners. A rental yield of this magnitude suggests that while capital appreciation might be a primary driver, rental income also provides a steady, albeit moderate, return for investors in Mazgaon.

Rental rates in Mazgaon vary significantly by BHK configuration. A 1 BHK apartment averages ₹49,316 per month, a 2 BHK apartment commands ₹76,650 per month, and a 3 BHK apartment is priced at approximately ₹1.37 Lakh per month. This escalating rent structure with more bedrooms highlights the demand for larger family homes and offers varying rental income potential for landlords across different unit sizes.

Rental rates in Mazgaon's micromarkets show considerable variation as of March 2026. Jacob Circle commands the highest average rental rate at ₹204 per sq ft, with no reported change. Byculla and Nagpada follow with ₹178 per sq ft, with Byculla seeing a 4.71% appreciation. Tadwadi has the lowest average rental rate at ₹115 per sq ft, with stable rates. Areas like Byculla West and Kamathipura are priced between ₹152-₹154 per sq ft, indicating that prime locations within Mazgaon command higher rental premiums.

Sarkar Tower in Mazgaon leads in rental rates at ₹160 per sq ft, with no change reported. Infinity Apartments follows at ₹156 per sq ft, also with stable rates. Shreepati Coronet is listed at ₹135 per sq ft. Sumer Park and Kapil Bayview are priced at ₹134 per sq ft and ₹131 per sq ft respectively. Atul Wallace Fortuna shows a notable appreciation of 16.81% in its rental rate, now at ₹132 per sq ft. These projects represent the higher end of the rental market in Mazgaon.

The current average asking price in Mazgaon is ₹40,200 per sq ft as of March 2026, while the Government Registration Rate is ₹25,210 per sq ft. This significant difference of over ₹15,000 per sq ft between the market's asking price and the official registration value suggests that actual transaction prices are likely higher than the government-assessed rates, a common scenario in many urban real estate markets.

As of March 2026, the average rental rate for apartments in Mazgaon is ₹117 per sq ft. This segment has seen an appreciation of 5.41% over the period, indicating a growing demand for rental apartments in the locality. This upward trend in rental prices suggests a strengthening rental market for apartment properties in Mazgaon.