Property Rates in Mazgaon, Mumbai 2026

The average asking price in Mazgaon is currently ₹40,200 per sq ft, which sits significantly higher than the Government Registration Rate of ₹23,800 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in established urban markets, reflecting the premium value placed on the location's infrastructure and connectivity.

Property prices in Mazgaon have shown a fluctuating trajectory over the last year, with the average asking price reaching ₹40,200 per sq ft as of June 2026. Data from the preceding quarters shows the rate moved from ₹41,150 per sq ft in September 2025 to ₹39,000 per sq ft in December 2025, before rising to ₹40,200 per sq ft in March 2026 and reaching ₹44,300 per sq ft in June 2026, indicating a recent upward momentum in the market.

As of June 2026, property prices in Mazgaon vary based on development stage: Ready To Move units are priced at ₹32,700 per sq ft (depreciating by 1.14% compared to the previous period), while Under Construction projects command ₹34,750 per sq ft, having appreciated by 1.21%. Additionally, New Launch projects are currently priced at ₹31,950 per sq ft, reflecting a 2.3% appreciation, and Partially Ready To Move projects are at ₹48,650 per sq ft, showing a notable 4.62% appreciation.

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 area currently offers a rental yield of 3.49%, providing investors with a balanced income potential relative to the capital investment required for residential apartments in this part of South Mumbai.

Rental rates in Mazgaon vary significantly by unit size as of June 2026. A 1 BHK apartment typically rents for ₹49,950 per month, while a 2 BHK unit averages ₹74,300 per month. For larger requirements, a 3 BHK apartment commands an average rent of ₹1.37 Lakh per month, catering to diverse tenant profiles ranging from young professionals to established families seeking space in a central location.

As of June 2026, premium rental projects 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. Other notable projects like Sumer Park and Atul Wallace Fortuna also feature prominently, with rental rates of ₹134 per sq ft and ₹132 per sq ft respectively, reflecting the high desirability of these specific residential addresses.

Rental rates in the vicinity of Mazgaon show varied demand, with Arthur Rd commanding a premium at ₹250 per sq ft (appreciating by 3.56%). Other areas like Nagpada and Agripada follow with rates of ₹200 per sq ft, showing significant appreciation of 19.1% and 29.63% respectively. In contrast, Chinchpokli offers more competitive rental rates at ₹100 per sq ft, which has seen a depreciation of 4.65% as of June 2026.

Based on transaction data, Prince Aly Khan Hospital leads the activity in Mazgaon with 2 recorded transactions. Other active developers in the locality include Vibrant Developers, Shreeji Group, Jakhubhai Lalji Dal Mills Private Limited, and Neelsidhi, each contributing to the market's transaction volume as of June 2026.

As of June 2026, The Aga Hall Estate is among the top projects in Mazgaon with a listing rate of ₹55,850 per sq ft, having appreciated by 29.22%. Hemali Casa Emerald follows at ₹49,700 per sq ft with a significant 55.73% appreciation, and Kapil Bayview is priced at ₹48,650 per sq ft, reflecting a 4.62% appreciation. These rates highlight the premium positioning of these projects within the Mazgaon real estate market.

Investors should look at the convergence of the 3.49% rental yield and the steady appreciation in capital values to assess long-term potential. With the average asking price at ₹40,200 per sq ft as of June 2026 and a 3.07% appreciation trend, the market shows signs of resilience. Comparing these figures against the Government Registration Rate of ₹23,800 per sq ft helps investors understand the market premium, while the variety in project status—from New Launch to Ready To Move—allows for different risk-reward strategies.