Property Rates in Mumbai South, Mumbai

As of Mar 2026, the average asking price in Mumbai South is ₹46,372 per sq ft, while the Government Registration Rate is ₹29,645 per sq ft. This suggests a notable difference between what sellers are asking and the rates registered with the government, a common scenario in high-value markets.

Property rates in Mumbai South have shown fluctuations over the past year, with the average micromarket rate at ₹46,372 per sq ft in Mar 2026. The trend shows an increase from ₹28,223 per sq ft in Sep 2025 to ₹46,372 per sq ft in Mar 2026, though there was a dip from ₹28,731 in Jun 2025 to ₹28,223 in Sep 2025 before significant growth in the latter half of the year. This trajectory suggests a dynamic market with periods of both correction and strong recovery.

Property prices vary significantly across Mumbai South, with Altamount Road being the most expensive at an average rate of ₹1.31 Lakh per sq ft, showing a substantial appreciation of 57.16%. Marine Lines follows with an average rate of ₹99,887 per sq ft, appreciating by 71.21%. Other premium localities include Malabar Hill (₹95,681 per sq ft, up 24.66%) and Walkeshwar (₹94,986 per sq ft, up 0.48%), indicating a concentration of high-value real estate in these areas.

As of Mar 2026, apartments in Mumbai South have an average price of ₹46,372 per sq ft, showing a slight appreciation of 0.06%. Shops are priced higher at an average of ₹64,579 per sq ft, with a 1.31% increase. Office spaces are available at ₹39,876 per sq ft, reflecting a 2.7% appreciation, indicating diverse investment and usage opportunities across property types.

In Mumbai South as of Mar 2026, properties in 'Advanced Stage' are priced highest at ₹54,242 per sq ft, though this has seen a depreciation of 3.13%. 'Partially Ready To Move' properties are priced at ₹56,053 per sq ft, with a notable appreciation of 9.99%. 'Under Construction' properties average ₹45,970 per sq ft (up 1.31%), while 'Ready To Move' properties are priced at ₹41,396 per sq ft, having depreciated by 5.95%, suggesting a premium for properties closer to completion or those with advanced construction stages.

As of Mar 2026, Peninsula Ashok Towers in Parel recorded the highest transaction volume with 20 transactions, at a rate of ₹43,309 per sq ft, appreciating by 6.83%. L&T Crescent Bay, also in Parel, followed with 15 transactions at ₹43,997 per sq ft (up 4.51%). Indiabulls Sky Forest, located in Parel, ranked third with 10 transactions at ₹44,638 per sq ft, showing a significant appreciation of 19.40%.

As of Mar 2026, Peninsula Ashok Towers leads in total transaction value with ₹98.55 Cr, at a rate of ₹43,309 per sq ft, reflecting a 6.83% appreciation. Maker Tower in Cuffe Parade follows with a total value of ₹90.94 Cr, priced at ₹57,664 per sq ft with no change in rate. Indiabulls Sky Forest ranks third in value at ₹73.71 Cr, with a rate of ₹44,638 per sq ft and a 19.40% appreciation.

As of Mar 2026, Lodha leads in transaction volume in Mumbai South with 45 transactions. Peninsula Land follows with 29 transactions, and Dosti Group is third with 21 transactions. These developers are actively involved in the market, indicating strong buyer interest in their projects.

As of Mar 2026, K Raheja Corp has generated the highest total transaction value in Mumbai South, amounting to ₹224.58 Cr from 4 transactions. Lodha follows closely with ₹222.26 Cr from 45 transactions, and Peninsula Land ranks third with ₹150.87 Cr from 29 transactions. This highlights significant high-value deals associated with these developers in the micromarket.

As of Mar 2026, the average rental rate in Mumbai South is ₹193 per sq ft. The reported rental yield is 4.99%, which suggests that investors can expect a moderate annual return on their property investment relative to its capital value. This yield is particularly relevant for those looking for rental income alongside potential capital appreciation.

In Mumbai South as of Mar 2026, rental rates vary significantly by BHK configuration. Studio apartments average ₹31,975 per month, while 1 BHK units are around ₹58,796 per month. Larger configurations command higher rents, with 2 BHK apartments averaging ₹1.39 Lakh per month, 3 BHK at ₹3.12 Lakh per month, and 4 BHK units reaching ₹4.83 Lakh per month. The trend continues upwards for 5 BHK (₹5.63 Lakh) and 6 BHK (₹6.42 Lakh) apartments, catering to diverse tenant needs.

As of Mar 2026, Mahalaxmi Racecourse leads in rental rates at ₹293 per sq ft, with no reported change. Upper Worli follows with ₹269 per sq ft, showing a depreciation of 5.28%. Kamala Mill and Empire Mill offer rentals at ₹261 per sq ft and ₹257 per sq ft respectively, with slight appreciations of 1.16% and 1.18%. Cuffe Parade has seen a significant appreciation of 10.41% to ₹244 per sq ft, indicating strong rental demand in these prime areas.

As of Mar 2026, Oberoi Three Sixty West in Worli has the highest rental rate at ₹357 per sq ft, with no change reported. Khatau Mansion in Cumbala Hill is next at ₹333 per sq ft, also with no change. Lodha Seamont in Malabar Hill follows with a rental rate of ₹319 per sq ft, with no change. These projects represent the premium rental offerings in Mumbai South.

As of Mar 2026, shops in Mumbai South command the highest rental rates at an average of ₹363 per sq ft, showing a significant appreciation of 25.61%. Office spaces are available for rent at ₹297 per sq ft, up by 6.83%. Villas are priced at ₹178 per sq ft with a substantial 30.88% appreciation, while apartments average ₹193 per sq ft, with a modest 1.05% increase. This indicates strong rental demand across commercial and residential segments, with shops seeing the most dynamic rental growth.