Property Rates in Mumbai South, Mumbai 2026

Property price trends in Mumbai South have shown a mixed trajectory over the last few quarters. As of June 2026, the micromarket rate stands at ₹29,500 per sq ft, down from ₹29,950 per sq ft in March 2026 and December 2025. This slight fluctuation suggests a period of price consolidation following the growth seen in September 2025, when the rate was ₹28,550 per sq ft.

Property rates in Mumbai South vary significantly by neighbourhood, reflecting the premium nature of specific pockets. Altamount Road currently commands the highest average asking price at ₹1.31 Lakh per sq ft, having appreciated by 38.64% over the observed period. In contrast, areas like Worli Sea Face are priced at ₹64,050 per sq ft with stable rates, while Marine Lines is at ₹99,900 per sq ft, showing a minor depreciation of 0.57%.

As of June 2026, Ready To Move properties in Mumbai South are priced at an average of ₹43,500 per sq ft, which has appreciated by 5.09% compared to the previous period. Under Construction projects are currently averaging ₹47,600 per sq ft, showing an appreciation of 3.51%. The higher price point for under-construction units often reflects the premium associated with modern amenities and newer building standards in this luxury-focused market.

The average rental yield in Mumbai South is 4.94% as of June 2026, with an average rental rate of ₹191 per sq ft. This yield, which has seen a depreciation of 1.04% in the rental rate, provides a baseline for investors to evaluate income potential relative to the high capital outlay required for property acquisition in this prime micromarket. A yield of nearly 5% in such a high-value area indicates a consistent demand for luxury rental housing.

Monthly rental rates in Mumbai South scale significantly with the size of the property, catering to a diverse tenant profile. As of June 2026, a Studio apartment averages ₹31,000 per month, while a 1 BHK is priced at ₹61,050 per month. For larger requirements, 3 BHK units average ₹3.05 Lakh per month, and 6 BHK luxury residences command an average of ₹21.17 Lakh per month, reflecting the premium segment's demand for expansive living spaces.

Premium projects in Mumbai South lead the rental market due to their location and luxury offerings. Oberoi Three Sixty West in Worli currently commands the highest rental rate at ₹357 per sq ft, with rates remaining stable. Other top-tier projects include Khatau Mansion in Cumbala Hill at ₹333 per sq ft and Lodha Seamont in Malabar Hill at ₹319 per sq ft, both of which have maintained stable rental pricing as of June 2026.

Kalpataru and Lodha are among the most prominent developers in Mumbai South by transaction value. As of June 2026, Kalpataru leads with a total sale value of ₹28.36 Cr across 4 transactions, while Lodha follows with a total value of ₹17.21 Cr across 4 transactions. These figures highlight the strong investor and buyer preference for established developers with a track record of high-end project delivery in the region.

Buyers in Mumbai South should view the average asking price of ₹46,350 per sq ft as the current market-driven valuation, while the Government Registration Rate of ₹29,950 per sq ft represents the base value used for stamp duty and registration calculations. A significant gap between these two figures is common in premium markets like Mumbai South, where lifestyle amenities and brand value drive the market price well above the government-notified rates.

As of June 2026, the average price for apartments in Mumbai South is ₹41,150 per sq ft, which has seen a depreciation of 11.26% compared to the previous period. This adjustment suggests a market correction or a shift in the inventory mix available for sale. Prospective buyers should monitor this trend closely, as it may present a more favorable entry point compared to the peak pricing periods observed in the recent past.