Property rates in Mazgaon average ₹41,350 per sq ft, reflecting a positive growth trend in the local market. The area provides a diverse mix of ready-to-move and under-construction projects, with premium developments like The Aga Hall Estate and Darshan Tarabaug anchoring the high-end segment. Investors are currently seeing a rental yield of 3.40%, supported by a consistent demand for apartment rentals across various configurations in this south Mumbai neighborhood.
Insights for Mazgaon, Mumbai Real Estate Market Overview
Mazgaon has established itself as a key residential hub in south Mumbai, characterized by a steady appreciation in capital values and robust rental activity. The market currently sees a blend of luxury high-rise developments and established apartment complexes, with pricing largely driven by project status and modern amenities. Transactional data indicates a healthy flow of activity, supported by multiple developers active in the region. Rental prospects remain attractive for owners, particularly for 3 BHK units which command significant monthly premiums.
Average property rates in Mazgaon currently stand at ₹41,350 per sq ft for apartments.
The market shows a strong performance in the under-construction segment, which has seen an 11.07% price growth.
Rental yields in the locality are healthy at 3.40%, with 3 BHK units averaging ₹1.37 Lakh per month.
Ready-to-move inventory remains the most active segment with 87 available units.
Premium projects like Darshan Tarabaug have recorded substantial price appreciation of 65.94%.
Market Strengths
A solid 3.40% average rental yield makes Mazgaon an appealing destination for buy-to-let investors.
The 11.07% price growth in under-construction projects demonstrates robust demand for new inventory.
A high volume of 87 ready-to-move units provides immediate options for end-users.
Premium projects like Darshan Tarabaug have delivered exceptional growth of 65.94%.
The diverse range of apartment types, including 1, 2, and 3 BHK units, caters to a broad tenant base.
Market Challenges
Well-occupied projects have seen a -3.01% price adjustment, indicating a saturation in certain older segments.
Rental rates in Chinchpokli have declined by -4.65%, reflecting localized demand shifts.
Byculla East rental rates have experienced a -7.72% change, which may impact short-term yield expectations in that specific sub-pocket.
Girgaon rental rates have seen a -4.46% change, suggesting a need for careful yield analysis in surrounding areas.
Investment Opportunities
The 3.40% rental yield offers a stable recurring income stream for property investors in the locality.
Under-construction projects show strong growth potential with an 11.07% price increase.
3 BHK apartments command a premium rental average of ₹1.37 Lakh per month.
Ready-to-move projects provide immediate rental income opportunities with 87 available units.
New launch projects are attractively priced at ₹33,350 per sq ft, offering long-term capital appreciation potential.
Price Trend
Mazgaon, Mumbai Property Price Trends and Appreciation
Mazgaon has experienced a consistent upward trajectory in property rates, moving from ₹39,000 per sq ft in late 2025 to ₹41,350 per sq ft by June 2026. This steady growth reflects increasing buyer confidence in the locality's development potential and infrastructure. The current pricing trend underscores a sustained demand for premium living spaces within this south Mumbai pocket.
The surrounding areas of Mazgaon exhibit a wide spectrum of property valuations that highlight the locality's competitive standing. While Grant Road commands a premium at ₹49,700 per sq ft, other nearby pockets like Byculla East offer more accessible entry points at ₹32,550 per sq ft. Agripada and Nagpada provide varied alternatives at ₹38,950 per sq ft and ₹35,050 per sq ft respectively, allowing buyers to choose based on budget and connectivity preferences.
Residential apartments in Mazgaon are the primary property type, currently averaging ₹41,350 per sq ft after a 2.9% annual increase. This segment dominates the local landscape, offering consistent value for investors and end-users alike. The market remains focused on providing quality apartment living that aligns with the premium expectations of south Mumbai residents.
The Mazgaon market provides a balanced supply of properties, ranging from ready-to-move homes to new residential launches. Ready-to-move projects, which account for 87 units, are priced at an average of ₹35,800 per sq ft, while under-construction developments offer 16 units at ₹38,600 per sq ft. This variety allows buyers to choose between immediate possession and the potential for capital appreciation in newer project phases.
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
₹ 30.69 Cr - ₹ 59.84 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 set high-value benchmarks, with projects like The Aga Hall Estate priced at ₹55,650 per sq ft. Darshan Tarabaug follows closely with a rate of ₹51,550 per sq ft, having witnessed a significant 65.94% change. Other notable projects such as Kapil Bayview and Redstone Infinity are priced at ₹50,800 per sq ft and ₹49,350 per sq ft respectively, highlighting the aspirational nature of the local high-end market.
Top projects like Sarkar Tower and Infinity Apartments are commanding rental rates of ₹160 per sq ft and ₹156 per sq ft respectively. Other developments such as Atul Wallace Fortuna have also seen positive movement, with a 16.81% increase in rental rates to ₹132 per sq ft.
The Mazgaon real estate landscape is shaped by a group of key developers who lead in transaction volume. Prince Aly Khan Hospital is the most active developer with 2 transactions, followed by Vibrant Developers, Shreeji Group, and Neelsidhi. These builders play a crucial role in maintaining the market's momentum through their diverse residential offerings.
Government Registrations
Government Registration in Mazgaon, Mumbai
Official registration data for Mazgaon shows a total of 137 transactions with a gross value of ₹129 Cr recorded between October 2025 and September 2026. The average registered rate during this period was ₹23,800 per sq ft, providing a clear window into the actual market turnover. Activity has been driven by developers such as Prince Aly Khan Hospital and Vibrant Developers, reflecting active engagement from both established and emerging players.
Sales Transactions137
Gross Sales Value₹ 129 Cr
Registered Rate₹ 23,800/Sq.Ft
Rental Trends
Rental Trends and Average Rent in Mazgaon, Mumbai
Rental rates in Mazgaon are tiered based on unit size, with 1 BHK apartments averaging ₹52,150 per month. Those seeking larger spaces can opt for 2 BHK units at ₹63,350 per month, while 3 BHK apartments command a premium average of ₹1.37 Lakh per month. Rental markets in the vicinity show varied performance, with Arthur Rd leading at ₹250 per sq ft and Agripada seeing a sharp 29.63% increase to ₹200 per sq ft. Conversely, Byculla and Byculla West remain stable at ₹150 per sq ft, while Chinchpokli offers more affordable rental entry points at ₹100 per sq ft. Apartments remain the core property type for rentals in Mazgaon, with current rates averaging ₹100 per sq ft. This consistent pricing structure supports a steady rental market for residential units across the locality. Top projects like Sarkar Tower and Infinity Apartments are commanding rental rates of ₹160 per sq ft and ₹156 per sq ft respectively. Other developments such as Atul Wallace Fortuna have also seen positive movement, with a 16.81% increase in rental rates to ₹132 per sq ft.
Rental rates in Mazgaon are tiered based on unit size, with 1 BHK apartments averaging ₹52,150 per month. Those seeking larger spaces can opt for 2 BHK units at ₹63,350 per month, while 3 BHK apartments command a premium average of ₹1.37 Lakh per month.
Rental markets in the vicinity show varied performance, with Arthur Rd leading at ₹250 per sq ft and Agripada seeing a sharp 29.63% increase to ₹200 per sq ft. Conversely, Byculla and Byculla West remain stable at ₹150 per sq ft, while Chinchpokli offers more affordable rental entry points at ₹100 per sq ft.
Apartments remain the core property type for rentals in Mazgaon, with current rates averaging ₹100 per sq ft. This consistent pricing structure supports a steady rental market for residential units across 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 ₹41,350 per sq ft as of June 2026. This figure reflects an appreciation of 2.9% compared to previous periods, signaling a resilient demand for residential apartments in this South Mumbai locality.
How do property prices in Mazgaon compare to the Government Registration Rate?
As of June 2026, the average asking price in Mazgaon stands at ₹41,350 per sq ft, which is notably 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 location and project amenities by buyers.
What is the recent price trend for property in Mazgaon?
Property rates in Mazgaon have shown a positive trajectory, moving from ₹39,000 per sq ft in December 2025 to ₹41,350 per sq ft by June 2026. This upward movement across the last two quarters suggests steady investor confidence and sustained interest in the area's residential real estate market.
How do property rates vary across different project stages in Mazgaon?
As of June 2026, property rates in Mazgaon vary by construction status: Ready To Move projects are priced at ₹35,800 per sq ft (reflecting a 9.41% appreciation), while Under Construction projects are at ₹38,600 per sq ft (showing an 11.07% appreciation). Additionally, New Launch projects are priced at ₹33,350 per sq ft, which has appreciated by 4.32% from previous periods, offering varied entry points for different types of buyers.
What is the average rental rate and rental yield in Mazgaon?
The average rental rate in Mazgaon is ₹117 per sq ft as of June 2026, with the market maintaining a rental yield of 3.40%. This yield provides a benchmark for investors evaluating the income potential of their properties relative to the current average capital investment required in the locality.
What are the typical monthly rental rates for 1 BHK, 2 BHK, and 3 BHK apartments in Mazgaon?
As of June 2026, rental rates in Mazgaon are segmented by unit size: 1 BHK apartments average ₹52,150 per month, 2 BHK apartments 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 current market positioning for different residential configurations.
Which projects in Mazgaon currently command the highest rental rates?
As of June 2026, 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. Notably, Atul Wallace Fortuna has seen a significant rental appreciation of 16.81%, currently renting at ₹132 per sq ft, highlighting the premium demand for specific well-maintained residential buildings in the area.
How do rental rates in Mazgaon compare to nearby areas?
Rental rates in the vicinity of Mazgaon show significant variation, with Arthur Rd commanding a high of ₹250 per sq ft, while areas like Agripada and Jacob Circle are at ₹200 per sq ft. In contrast, Chinchpokli offers a more accessible rental rate of ₹100 per sq ft, which has seen a depreciation of 4.65% from previous periods, providing a diverse range of rental options for residents in the South Mumbai region.
Which developers have the highest transaction activity in Mazgaon?
Based on transaction data from October 2025 to September 2026, Prince Aly Khan Hospital leads with 2 registered transactions in Mazgaon. Other active developers in the locality include Vibrant Developers, Shreeji Group, Jakhubhai Lalji Dal Mills Private Limited, and Neelsidhi, each recording 1 transaction, reflecting a diverse mix of institutional and private developer activity.
How should a buyer interpret the price differences between Mazgaon and its neighboring localities?
Buyers should note that Mazgaon, with an average asking price of ₹41,350 per sq ft, sits in a competitive position compared to high-end neighbors like Tardeo at ₹89,400 per sq ft and Mahalaxmi at ₹62,000 per sq ft. Conversely, it is priced higher than Byculla East at ₹32,550 per sq ft, allowing buyers to weigh the trade-offs between premium connectivity and budget-friendly alternatives within the same micromarket.
