Property rates in Mazgaon average ₹41,350 per sq ft, reflecting a steady growth trend in this prime South Mumbai locality. The market supports a healthy rental yield of 3.40%, with residential apartments serving as the primary asset class. Recent registration activity demonstrates consistent buyer interest, while top-tier projects like The Aga Hall Estate and Darshan Tarabaug continue to anchor the premium segment, offering diverse options for both end-users and investors.
Insights for Mazgaon, Mumbai Real Estate Market Overview
The real estate landscape in Mazgaon exhibits a blend of high-value residential developments and consistent rental demand. Property values have seen upward movement, with current asking rates reaching ₹41,350 per sq ft, supported by a diverse inventory ranging from ready-to-move units to new project launches. The rental market remains active, providing a stable yield for property owners, while government registration data highlights significant transaction volume within the area. Developers like Prince Aly Khan Hospital are actively shaping the local project supply, contributing to the area's ongoing transformation.
Average residential property rates stand at ₹41,350 per sq ft, showing a positive growth trend.
Rental yields in the locality are currently at 3.40%, with 3 BHK units commanding average monthly rents of ₹1.37 Lakh.
Under construction projects show strong momentum with an 11.07% growth rate, now averaging ₹38,600 per sq ft.
Ready to move properties remain a preferred choice for many, currently priced at an average of ₹35,800 per sq ft.
The Aga Hall Estate and Darshan Tarabaug represent the premium end of the market, with rates exceeding ₹51,000 per sq ft.
Market Strengths
Strong average property rate of ₹41,350 per sq ft indicates a high-value real estate market.
Consistent rental demand with an average rental rate of ₹117 per sq ft.
Diverse supply mix with 87 ready-to-move units catering to immediate housing needs.
Positive price growth of 2.9% for standard apartment configurations.
Significant transaction volume of 119 registrations worth ₹107 Cr over the last year.
High rental interest in areas like Arthur Rd and Agripada.
Market Challenges
High-end projects like The Aga Hall Estate show a slight -0.33% change, suggesting a price plateau in the luxury segment.
Well occupied projects have experienced a -3.01% change, indicating potential shifts in established building valuations.
Rental rates for 1 BHK and 2 BHK units remain competitive, requiring strategic pricing for property owners.
Investment Opportunities
Rental yield of 3.40% provides a stable income stream for residential investors.
Under construction projects have seen an 11.07% growth, indicating high capital appreciation potential.
Ready to move inventory at ₹35,800 per sq ft offers a more affordable entry point compared to newer premium launches.
3 BHK units command a significant monthly rent of ₹1.37 Lakh, appealing to the premium rental segment.
Price Trend
Mazgaon, Mumbai Property Price Trends and Appreciation
Mazgaon has experienced a positive trajectory in property pricing, with rates moving from ₹39,000 per sq ft in December 2025 to ₹41,350 per sq ft by June 2026. This upward trend underscores the area's growing appeal to property seekers. The micromarket has also seen fluctuations, reflecting the dynamic nature of the South Mumbai real estate environment.
Mazgaon's immediate surroundings feature a diverse range of property rates, with Tardeo commanding a premium at ₹89,400 per sq ft. In contrast, Byculla East offers a more accessible entry point at ₹32,550 per sq ft. Other notable areas like Mahalaxmi hover around ₹62,000 per sq ft, while Agripada has seen significant growth, reaching ₹38,950 per sq ft. These varied price points allow investors to choose locations based on their specific budget and long-term appreciation goals.
Mazgaon's residential market is primarily driven by apartment-style living, which currently averages ₹41,350 per sq ft. This segment has shown a steady growth of 2.9%, reflecting consistent demand from homebuyers. The prevalence of apartments ensures a standardized investment profile for those looking to enter this prime Mumbai location.
The Mazgaon market offers properties across various development stages, catering to both immediate occupancy and future investment. Ready to move projects, comprising 87 units, average ₹35,800 per sq ft and have seen a 9.41% growth. Meanwhile, 16 under construction projects provide opportunities at an average of ₹38,600 per sq ft, reflecting an 11.07% increase that highlights strong confidence in upcoming developments.
Project & Developer Insights
Top Residential Projects and Developers in Mazgaon
Top Projectsin Mazgaon
Godrej Trilogy is the top project in Mazgaon with prices from ₹ 18.89 Cr to 29.96 Cr.
Godrej Trilogy
₹ 18.88 Cr - ₹ 29.95 Cr
Mumbai South, Mumbai
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
Piramal Mahalaxmi
₹ 5.45 Cr - ₹ 14.03 Cr
Mumbai South, Mumbai
Runwal Timeless
₹ 1.59 Cr - ₹ 3.5 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
₹ 31.35 Cr - ₹ 62.7 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 61 projects and years of experience.
Premium residential developments in Mazgaon are setting high-value benchmarks, with The Aga Hall Estate leading at ₹55,650 per sq ft. Darshan Tarabaug follows closely, priced at ₹51,550 per sq ft, while Kapil Bayview and Redstone Infinity offer luxury living at ₹50,800 and ₹49,350 per sq ft respectively. These projects, along with others like Sumer Park and AM Residency, define the high-end segment of the local market.
Top projects such as Sarkar Tower and Infinity Apartments are leading the rental segment with rates of ₹160 and ₹156 per sq ft respectively. Atul Wallace Fortuna has seen a notable 16.81% increase in its rental rate, reaching ₹132 per sq ft. These projects remain highly sought after for their prime location and quality living standards.
The development landscape in Mazgaon is driven by a mix of specialized builders. Prince Aly Khan Hospital leads the transaction count with 2 registrations, followed by Vibrant Developers, Shreeji Group, Jakhubhai Lalji Dal Mills Private Limited, and Neelsidhi. This group of developers accounts for the majority of recent project activity, reflecting their established presence in the area.
Government Registrations
Government Registration in Mazgaon, Mumbai
Government registration data confirms a vibrant real estate market in Mazgaon, with 119 transactions recorded between November 2025 and October 2026. These deals represent a gross value of ₹107 Cr, with an average registered rate of ₹23,800 per sq ft. Prince Aly Khan Hospital has emerged as a key developer in terms of transaction volume, signaling active project delivery and buyer trust.
Sales Transactions119
Gross Sales Value₹ 107 Cr
Registered Rate₹ 23,800/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Mazgaon, Mumbai
Rental rates in Mazgaon are tiered by unit size, with 1 BHK apartments averaging ₹52,150 per month. 2 BHK units see an increase to ₹63,350 per month, while 3 BHK apartments command a premium at ₹1.37 Lakh per month. These figures reflect the diverse range of residential options available for tenants across the locality. Rental performance varies across the locality, with Arthur Rd leading at ₹250 per sq ft. Agripada and Jacob Circle also command premium rents at ₹200 per sq ft, showing strong growth of 29.63% and 4.9% respectively. Conversely, Chinchpokli maintains a more affordable rental rate of ₹100 per sq ft. Apartment rentals in Mazgaon are currently averaging ₹100 per sq ft. This consistency in the rental market for residential apartments provides a clear benchmark for both tenants and property owners. Top projects such as Sarkar Tower and Infinity Apartments are leading the rental segment with rates of ₹160 and ₹156 per sq ft respectively. Atul Wallace Fortuna has seen a notable 16.81% increase in its rental rate, reaching ₹132 per sq ft. These projects remain highly sought after for their prime location and quality living standards.
Rental rates in Mazgaon are tiered by unit size, with 1 BHK apartments averaging ₹52,150 per month. 2 BHK units see an increase to ₹63,350 per month, while 3 BHK apartments command a premium at ₹1.37 Lakh per month. These figures reflect the diverse range of residential options available for tenants across the locality.
Rental performance varies across the locality, with Arthur Rd leading at ₹250 per sq ft. Agripada and Jacob Circle also command premium rents at ₹200 per sq ft, showing strong growth of 29.63% and 4.9% respectively. Conversely, Chinchpokli maintains a more affordable rental rate of ₹100 per sq ft.
Apartment rentals in Mazgaon are currently averaging ₹100 per sq ft. This consistency in the rental market for residential apartments provides a clear benchmark for both tenants and property owners.
Frequently Asked Questions About Property Rates in Mazgaon, Mumbai
What is the current average asking price in Mazgaon?
As of Sep 2026, the average asking price in Mazgaon is ₹41,350 per sq ft. This rate has appreciated by 2.9% compared to the previous period, reflecting a steady upward trend in the local residential market.
How do property rates in Mazgaon compare to the Government Registration Rate?
The current average asking price in Mazgaon of ₹41,350 per sq ft is significantly higher than the Government Registration Rate of ₹23,800 per sq ft as of Sep 2026. Investors and homebuyers should note that the registration rate is a baseline value used for stamp duty and tax calculations, whereas the market asking price reflects the actual premium commanded by residential properties in the area.
What is the recent price trend for property in Mazgaon?
The property market in Mazgaon has shown a positive trajectory, with the average asking price rising from ₹39,000 per sq ft in Dec 2025 to ₹41,350 per sq ft by Sep 2026. This consistent growth across recent quarters signals sustained demand for residential apartments in this South Mumbai locality.
How do property prices in Mazgaon vary by project status?
As of Sep 2026, property prices in Mazgaon are segmented by project status: Ready To Move properties average ₹35,800 per sq ft (having appreciated by 9.41% over the observed period), while Under Construction projects average ₹38,600 per sq ft (up 11.07%). Additionally, New Launch projects are currently priced at ₹34,350 per sq ft, reflecting a 4.32% appreciation, and Partially Ready To Move units command a premium at ₹50,800 per sq ft, up 4.42%.
What is the average rental yield in Mazgaon and what does it signify for investors?
The average rental yield in Mazgaon stands at 3.40% as of Sep 2026. This yield, derived from the relationship between the average rental rate of ₹117 per sq ft and the prevailing capital values, provides investors with a clear metric to evaluate the potential annual income return on their residential property investment in the area.
What are the typical monthly rental rates for different BHK configurations in Mazgaon?
As of Sep 2026, rental rates in Mazgaon vary by unit size: 1 BHK apartments average ₹52,150 per month, 2 BHK units average ₹63,350 per month, and 3 BHK apartments command an average of ₹1.37 Lakh per month. These figures help tenants and landlords understand the market entry points for different family sizes and lifestyle requirements in the locality.
Which projects in Mazgaon command the highest rental rates?
As of Sep 2026, the top projects by rental rates 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 premium rental projects include Sumer Park at ₹134 per sq ft and Atul Wallace Fortuna at ₹132 per sq ft, the latter of which has seen a significant appreciation of 16.81% compared to the previous period.
How do rental rates in Mazgaon compare with nearby neighbourhoods?
Rental rates in the vicinity of Mazgaon show significant variation; for instance, Arthur Rd commands a higher rate of ₹250 per sq ft, while Agripada and Nagpada both average ₹200 per sq ft. In contrast, Chinchpokli offers a more affordable rental average of ₹100 per sq ft, reflecting the diverse rental landscape across South Mumbai micromarkets as of Sep 2026.
Which are the most expensive residential projects in Mazgaon by listing rate?
As of Sep 2026, the most premium projects in Mazgaon include The Aga Hall Estate at ₹55,650 per sq ft, followed by Darshan Tarabaug at ₹51,550 per sq ft, and Kapil Bayview at ₹50,800 per sq ft. These projects represent the upper tier of the local market, with Kapil Bayview showing a 4.42% appreciation and Darshan Tarabaug recording a substantial 65.94% increase compared to the previous period.
How should a buyer interpret the property rate data for Mazgaon?
Buyers should use the provided data to compare the current average asking price of ₹41,350 per sq ft against specific project statuses and nearby localities like Byculla or Tardeo to gauge value. By observing the 2.9% quarterly appreciation and the difference between Ready To Move and Under Construction pricing, investors can determine whether to prioritize immediate possession or long-term capital appreciation in the Mazgaon market as of Sep 2026.
