- Robust Transaction Volume: With 5,425 registered transactions between April 2025 and March 2026, the market demonstrates strong liquidity and buyer confidence.
- Significant Gross Transaction Value: A gross value of ₹8,817 Cr from registrations indicates substantial investment flowing into the Mumbai Harbour real estate.
- Consistent Micromarket Price Growth: The steady quarterly increase in micromarket rates underscores a healthy and appreciating property market.
- Presence of Leading Developers: Top developers like Supreme Universal, Godrej, and Marathon are actively involved, bringing quality projects and driving market momentum.
- Diverse Property Status Options: The availability of properties across Ready To Move, Under Construction, and New Launch stages caters to a wide range of buyer preferences and timelines.
- Strong Performance in Specific Localities: Areas like Sewri are showing excellent price appreciation, contributing to the overall positive market sentiment.
- Demand for Apartments: The apartment segment continues to show positive growth, indicating sustained interest in residential properties.
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Property Rates in Mumbai Harbour, Mumbai
Comprehensive Market Snapshot
The Mumbai Harbour real estate market presents a dynamic landscape with an asking price averaging ₹36,325 per sq ft, while the registration rate stands at ₹20,017 per sq ft. Recent quarterly trends reveal a consistent upward movement in micromarket rates, indicating a positive growth trajectory. Official government registrations from April 2025 to March 2026 recorded a robust 5,425 transactions, accounting for a significant gross value of ₹8,817 Cr. Apartments are the most prevalent property type, showing a modest appreciation, with Ready To Move units dominating the available inventory. High-value projects like Supreme Signature and leading developers such as Supreme Universal are key drivers in this vibrant market.
- Asking Sale Price₹ 36,325 /sq.ft
- Govt. Registration Prices₹ 20,017 /sq.ft
Insights for Mumbai Harbour, Mumbai Real Estate Market
The Mumbai Harbour real estate market is characterized by active participation from both buyers and developers, as reflected in its current asking price of ₹36,325 per sq ft and a registration rate of ₹20,017 per sq ft. Quarterly price trends for the micromarket highlight a steady appreciation, with rates climbing from ₹17,701 per sq ft in March 2025 to ₹20,017 per sq ft by December 2025, signaling growing investor confidence. Localities like Sewri stand out with average rates of ₹45,007 per sq ft and positive growth, though some areas such as Byculla East have experienced price corrections. Apartments remain the most sought-after property type, showing a positive change, while office spaces and villas have seen a slight decline in average prices. The market offers a diverse supply across various stages, with 1,087 Ready To Move units available, alongside a notable surge in Near Possession properties, which witnessed a nearly 48% price increase. Top projects by transactions include Godrej Central and Piramal Aranya, while Peninsula Salsette 27 commands the highest listing rates. Supreme Universal and Godrej are among the top developers, contributing significantly to both transaction volumes and value. The strong government registration data, with over 5,400 transactions, underscores the market's fundamental strength and liquidity.
- Declining Office Space and Villa Prices: Both office spaces and villas have experienced significant price drops of 9.43% and 8.3% respectively, suggesting caution for investors in these segments.
- Price Corrections in Key Localities: Byculla and Byculla East have seen declines of 6.31% and 13.01% respectively, necessitating careful due diligence for potential buyers in these areas.
- Ready To Move Price Dip: Despite a large inventory, Ready To Move properties experienced a 4.5% price decline, which might indicate an oversupply or reduced immediate demand in this specific segment.
- High Entry Barriers for Premium Projects: Top projects like Peninsula Salsette 27 command very high asking prices, potentially limiting the buyer pool and liquidity for ultra-luxury segments.
- Varied Price Performance Across Sub-localities: The stark differences in price changes between localities (e.g., Sewri's gain vs. Byculla East's loss) highlight market fragmentation and the need for localized analysis.
- Steady Micromarket Growth: The consistent quarterly increase in micromarket rates, from ₹17,701 to ₹20,017 per sq ft in less than a year, suggests a stable appreciation potential.
- High Returns in Near Possession Properties: Properties nearing possession have shown a remarkable 47.88% price increase, indicating strong capital gains potential for investors targeting this stage.
- Apartment Segment Stability: Apartments recorded a positive 0.86% price change, making them a relatively safe and steady investment within the residential sector.
- Emerging High-Value Localities: Sewri's 5.81% price increase and high average rate of ₹45,007 per sq ft position it as an attractive locality for capital appreciation.
- Trusted Developers: Investing with top developers like Supreme Universal, Godrej, and Mahavir Group Chembur, who lead in transaction volume and value, reduces investment risk and ensures quality.
Property Price Trends in Mumbai Harbour, Mumbai
Mumbai Harbour's real estate market has demonstrated a consistent upward trend in its micromarket rates over the past year. Starting at ₹17,701 per sq ft in March 2025, property values saw a notable increase to ₹19,525 per sq ft by June 2025. This positive momentum continued, with rates reaching ₹19,713 per sq ft in September 2025 and further climbing to ₹20,017 per sq ft by December 2025, reflecting a stable and appreciating market environment.
Mumbai Harbour's real estate market caters to diverse preferences across property categories. Apartments lead the residential segment with an average price of ₹36,325 per sq ft, showing a positive 0.86% change. In contrast, office spaces are priced at ₹31,575 per sq ft but have experienced a 9.43% decline, while villas average ₹31,094 per sq ft with an 8.3% decrease. This indicates a stronger performance and demand for apartment properties compared to other segments in the current market cycle.
The Mumbai Harbour market offers a variety of properties across different development stages, catering to various buyer timelines. Ready To Move inventory, comprising a substantial 1,087 units, averages ₹28,167 per sq ft, though it registered a 4.5% decline. Projects in the Near Possession stage, despite having fewer units, command the highest average price at ₹38,235 per sq ft, witnessing an impressive 47.88% surge. Additionally, 148 Under Construction units are available at ₹30,370 per sq ft, and 41 New Launch projects are priced around ₹28,616 per sq ft, providing options for both immediate and future occupancy.
Within Mumbai Harbour, property rates vary significantly across different localities, offering diverse investment opportunities. Sewri stands out, commanding the highest average rate at ₹45,007 per sq ft and experiencing a healthy 5.81% increase. Byculla, while averaging ₹43,851 per sq ft, has seen a notable 6.31% decline, indicating shifting dynamics. Meanwhile, Byculla East recorded a substantial 13.01% dip, settling at ₹36,015 per sq ft. At the other end, Chembur offers properties at a more accessible average of ₹32,519 per sq ft, making it a competitive option within the micromarket.
Project and Developer Insights
Premium residential developments in Mumbai Harbour are setting high benchmarks with their asking prices. Peninsula Salsette 27 in Byculla leads the segment, commanding ₹59,765 per sq ft and showing a 3.38% increase, reflecting its luxury positioning. Godrej Sky in Byculla East follows with an average of ₹54,750 per sq ft, despite a 4.56% dip. Piramal Aranya Arav and Ahan, both in Byculla, are also prominent, with asking rates around ₹51,195 per sq ft and ₹51,139 per sq ft respectively, highlighting the strong presence of high-end projects in the micromarket.
Premium residential developments in Mumbai Harbour are setting high benchmarks with their asking prices. Peninsula Salsette 27 in Byculla leads the segment, commanding ₹59,765 per sq ft and showing a 3.38% increase, reflecting its luxury positioning. Godrej Sky in Byculla East follows with an average of ₹54,750 per sq ft, despite a 4.56% dip. Piramal Aranya Arav and Ahan, both in Byculla, are also prominent, with asking rates around ₹51,195 per sq ft and ₹51,139 per sq ft respectively, highlighting the strong presence of high-end projects in the micromarket.
Government Registration in Mumbai Harbour, Mumbai
- Sales Transactions5,425
- Gross Sales Value₹ 8,817 Cr
- Registered Rate₹ 20,000 /sq.ft
Official registration data reveals a robust transaction market in Mumbai Harbour, with 5,425 properties registered between April 2025 and March 2026. These transactions collectively generated a significant gross value of ₹8,817 Cr, with an average registered rate of ₹20,000 per sq ft. Developer activity was notably led by Mahavir Group Chembur and Godrej in terms of transaction count, while Supreme Universal and Godrej also dominated in terms of transaction value. Project-wise, Godrej Central and Piramal Aranya attracted maximum buyer interest by transaction volume, and Supreme Signature generated the highest gross transaction values, indicating a healthy and active real estate ecosystem.