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Property Rates in Mumbai South, Mumbai

Comprehensive Market Snapshot

Mumbai South presents a dynamic real estate landscape with an average asking price of ₹46,372 per sq ft and a registration rate of ₹29,645 per sq ft. The market shows varied quarterly price trends, with an asking price projected at ₹46,372 per sq ft for March 2026, contrasting with earlier quarters. Residential apartments are priced at an average of ₹46,372 per sq ft, while shops and office spaces are priced higher at ₹64,579 per sq ft and ₹39,876 per sq ft respectively. The rental market offers an average rental rate of ₹193 per sq ft with a rental yield of 4.99%.

  • Altamount Road leads among micro-markets with an average rate of ₹1.31 Lakh per sq ft, marking a significant 57.16% change.
  • Apartments in Mumbai South are priced at ₹46,372 per sq ft, showing a slight 0.06% change.
  • Ready To Move properties are available at ₹41,396 per sq ft, indicating a -5.95% change, while Under Construction properties are priced at ₹45,970 per sq ft with a 1.31% increase.
  • Peninsula Ashok Towers recorded the highest number of transactions (20) among top projects, with an average rate of ₹43,309 per sq ft.
  • Lodha is the top developer by transactions with 45 units, followed by Peninsula Land with 29 units.

  • Asking Sale Price₹ 46,372 /sq.ft
  • Govt. Registration Prices₹ 29,645 /sq.ft
  • Average Rental₹ 193 /sq.ft
  • Rental Yield4.99 %

Insights for Mumbai South, Mumbai Real Estate Market

Mumbai South's real estate market is characterized by a robust asking price averaging ₹46,372 per sq ft, with registration rates standing at ₹29,645 per sq ft. Quarterly price trends indicate fluctuations, with a projected asking price of ₹46,372 per sq ft for March 2026. The rental market is active, showing an average rental rate of ₹193 per sq ft and a rental yield of 4.99%, with higher BHK configurations commanding substantial monthly rents, such as ₹6.42 Lakh for a 6 BHK. Prominent locations like Altamount Road lead with an average rate of ₹1.31 Lakh per sq ft, a substantial increase of 57.16%. Property types vary in pricing, with shops averaging ₹64,579 per sq ft, office spaces at ₹39,876 per sq ft, and apartments at ₹46,372 per sq ft. Government registrations show a significant volume with 9,229 transactions valued at ₹26,631 Cr. Lodha leads in developer transactions with 45 units, while K Raheja Corp leads in transaction value with ₹224.58 Cr. Top projects by transactions include Peninsula Ashok Towers with 20 transactions, indicating strong buyer interest in specific developments.

  • Altamount Road stands out with an average rate of ₹1.31 Lakh per sq ft, reflecting a significant 57.16% year-on-year increase.
  • The rental market offers an attractive yield of 4.99%, with 6 BHK apartments commanding an average of ₹6.42 Lakh per month.
  • Government registrations reveal a healthy market with 9,229 transactions and a gross value of ₹26,631 Cr between May 2025 and April 2026.
  • Lodha leads the developer landscape in terms of transaction volume with 45 units, underscoring their market penetration.
  • Peninsula Ashok Towers attracted the highest number of transactions (20) among top projects, highlighting strong demand for this specific development.

Property Valuation

Comprehensive assessment of your property's current worth in the current market

Property Price Trends in Mumbai South, Mumbai

Asking Price Trends

The property market in Mumbai South is experiencing dynamic price trends. The average asking price is currently ₹46,372 per sq ft, with projections for March 2026 indicating a rate of ₹46,372 per sq ft. Earlier quarters showed different figures, with December 2025 at ₹29,645 per sq ft and September 2025 at ₹28,223 per sq ft, suggesting considerable market shifts.

Quarter City Rate
Mar 2026 46372
Dec 2025 29645
Sep 2025 28223
Jun 2025 28731
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Price Trends by Property Type

Mumbai South caters to a diverse range of property needs, with distinct pricing for different asset classes. Shops represent the premium segment, averaging ₹64,579 per sq ft with a notable 1.31% increase. Office spaces are priced at ₹39,876 per sq ft, showing a healthy 2.7% growth. Residential apartments, the most common property type, are priced at ₹46,372 per sq ft, with a modest 0.06% uptick.

Type Rate (₹/sq.ft) Change %
Shop 64,579 1.31
Office Space 39,876 2.7
Apartment 46,372 0.06
Price Trends by Project Status

The Mumbai South property market offers a varied supply across different project stages. Ready To Move properties are available for immediate occupancy, averaging ₹41,396 per sq ft, although they've seen a -5.95% change. Under Construction projects represent a significant portion of the supply, with 315 units averaging ₹45,970 per sq ft and a 1.31% increase. New Launch properties are priced at ₹41,863 per sq ft, indicating new inventory entering the market.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 3,621 42,291 -4.99
Under Construction 315 45,970 1.31
New Launch 70 41,863 1.61
Price Trends by Localities

Mumbai South's micro-markets display a wide spectrum of property values. Altamount Road commands the highest average rate at ₹1.31 Lakh per sq ft, significantly outperforming other areas. Marine Lines and Malabar Hill follow, with average rates of ₹99,887 per sq ft and ₹95,681 per sq ft respectively. Notably, areas like Gamdevi and Charni Road offer slightly more accessible, though still premium, rates around ₹84,029 per sq ft and ₹81,627 per sq ft, showcasing the diverse pricing landscape within this sought-after region.

Location Rate (₹/sq.ft) Change %
Altamount Road 1,31,081 57.2
Marine Lines 99,887 71.2
Malabar Hill 95,681 24.7
Walkeshwar 94,986 0.5
Gamdevi 84,029 0.1
Charni Road 81,627 -
Churchgate 77,423 19.3
Gowalia Tank 75,757 5.2
Worli 74,027 12.7
Tardeo 73,967 12.9

Project and Developer Insights

Top Projects in Mumbai South
JP Codename Matunga Origins is the top project in Mumbai South with prices from ₹ 2.94 Cr to 4.23 Cr.
JP Codename Matunga Origins ₹ 2.93 Cr - ₹ 4.23 Cr
  • Mumbai South, Mumbai
LnT Island Cove ₹ 3.40 Cr - ₹ 6.34 Cr
  • Mumbai South, Mumbai
K Raheja Sobo Residences Price On Request
  • Mumbai South, Mumbai
Godrej Trilogy ₹ 15.6 Cr - ₹ 26 Cr
  • Mumbai South, Mumbai
Piramal Mahalaxmi ₹ 5.45 Cr - ₹ 14.03 Cr
  • Mumbai South, Mumbai
Ekta Vistabella ₹ 3.84 Cr - ₹ 7.5 Cr
  • Mumbai South, Mumbai
Runwal Timeless ₹ 1.55 Cr - ₹ 3.4 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
View More
New Launch
Under Construction
Ready to Move
Top Projects by Listing Rates, Transaction Count and Transaction Value

The most exclusive developments in Mumbai South are commanding premium asking prices, reflecting their prime locations and luxury amenities. Kalpataru Azuro in Nepean Sea Road leads with an asking rate of ₹1.41 Lakh per sq ft, experiencing a substantial 66.37% change. Lodha Malabar and 232 Dhuleva in Malabar Hill and Girgaon respectively are also highly priced at ₹1.3 Lakh per sq ft and ₹1.22 Lakh per sq ft. These top-tier projects set a high benchmark for luxury real estate in the area.

  • Listing Rate
  • By Value
  • By Transaction
Project Name Rate (₹/sq.ft) Change %
Kalpataru Azuro 1,41,067 66.4
Lodha Malabar 1,29,502 28.4
232 Dhuleva 1,22,331 -
Queens View Walkeshwar 1,20,967 -
Helictite Sambhav 1,19,866 32.2
Vinod 36 Babulnath 1,15,040 -
Kalpataru Kalpavriksha Residency 1,14,365 13.3
The Wadhwa Vijaydeep 1,14,365 -
Kalpataru Kshitij 1,14,365 13.6
Lodha Seamont 1,11,899 15.9
Project Name Current Price (₹/sq.ft) Sale Value Change %
Peninsula Ashok Towers 43,309 ₹ 98.55 Cr 6.8
Maker Tower 57,664 ₹ 90.93 Cr -
Indiabulls Sky Forest 44,638 ₹ 73.71 Cr 19.4
L&t Crescent Bay 43,997 ₹ 70.67 Cr 4.5
Lodha The Park 62,025 ₹ 55.87 Cr 11.2
Shapoorji Pallonji The Imperial 72,903 ₹ 52.53 Cr -
Rustomjee Crown 73,168 ₹ 52.08 Cr -
Raheja Imperia 69,348 ₹ 48.2 Cr -
Lodha World Tower 69,446 ₹ 34.39 Cr 0.6
The Aga Hall Estate 58,594 ₹ 33.24 Cr -7.5
Project Name Current Price (₹/sq.ft) Transactions Change %
Peninsula Ashok Towers 43,309 20 6.8
L&t Crescent Bay 43,997 15 4.5
Indiabulls Sky Forest 44,638 10 19.4
Lodha The Park 62,025 9 11.2
The Aga Hall Estate 58,594 8 -7.5
Lodha New Cuffe Parade 34,525 7 -7.2
Maker Tower 57,664 6 -
153 Skye 42,651 6 4.9
Rustomjee Crown 73,168 5 -
Ashok Gardens 43,879 5 0.5
Top Projects by Rental Rates

Premium rental projects in Mumbai South are setting high benchmarks, with Oberoi Three Sixty West in Worli listing at ₹357 per sq ft. Khatau Mansion and Lodha Seamont in Cumbala Hill and Malabar Hill respectively also command high rental rates of ₹333 per sq ft and ₹319 per sq ft. These projects highlight the demand for luxury rental accommodations in exclusive neighborhoods.

Project Name Rate (₹/sq.ft) Change %
Oberoi Three Sixty West 357 -
Khatau Mansion 333 -
Lodha Seamont 319 -
Summer Ville 314 -
Dev Darshan Annexe 314 -
Shanaz Apartment 302 -
Lands End 300 -
Urvashi Malabar Hill 300 -
Meherina Chs 295 -
Lodha Trump Tower 294 -3
Top Developers in Mumbai South
Lodha leads in Mumbai South with 110 projects and 39 years of experience.
DLF
Lodha ₹ 67.27 L - ₹ 98.63 Cr
  • 110 Projects
  • 39 Years
DLF
Kalpataru ₹ 97.29 L - ₹ 71.98 Cr
  • 82 Projects
  • 50 Years
DLF
Rustomjee ₹ 25.75 L - ₹ 62.31 Cr
  • 68 Projects
  • 23 Years
DLF
Runwal ₹ 86 L - ₹ 60 Cr
  • 68 Projects
  • 41 Years
DLF
The Wadhwa Group ₹ 1.01 Cr - ₹ 39.64 Cr
  • 59 Projects
  • 50 Years
DLF
Ruparel ₹ 63.33 L - ₹ 6.94 Cr
  • 44 Projects
  • 19 Years
DLF
Godrej ₹ 1.15 Cr - ₹ 87.92 Cr
  • 43 Projects
  • 29 Years
DLF
Chandak ₹ 85 L - ₹ 10.93 Cr
  • 40 Projects
  • 20 Years
DLF
Ajmera ₹ 75.99 L - ₹ 16 Cr
  • 39 Projects
  • 50 Years
DLF
Mahindra Lifespaces ₹ 1.11 Cr - ₹ 16 Cr
  • 35 Projects
  • 25 Years
View More
Top Developers by Transaction Count and Transaction Value

The most exclusive developments in Mumbai South are commanding premium asking prices, reflecting their prime locations and luxury amenities. Kalpataru Azuro in Nepean Sea Road leads with an asking rate of ₹1.41 Lakh per sq ft, experiencing a substantial 66.37% change. Lodha Malabar and 232 Dhuleva in Malabar Hill and Girgaon respectively are also highly priced at ₹1.3 Lakh per sq ft and ₹1.22 Lakh per sq ft. These top-tier projects set a high benchmark for luxury real estate in the area.

  • By Transaction
  • By Value
Developer Sale Value
K Raheja Corp ₹ 224.57 Cr
Lodha ₹ 222.26 Cr
Peninsula Land ₹ 150.87 Cr
Indiabulls ₹ 85.56 Cr
Raheja Universal ₹ 71.32 Cr
Lt Realty Limited ₹ 70.67 Cr
Shandilya Properties Llp ₹ 57 Cr
Shapoorji Pallonji ₹ 53.43 Cr
Rohan Lifescapes ₹ 52.30 Cr

Government Registration in Mumbai South, Mumbai

  • Sales Transactions9,229
  • Gross Sales Value₹ 26,631 Cr
  • Registered Rate₹ 29,650 /sq.ft

The Mumbai South property market has seen substantial activity, with 9,229 transactions recorded between May 2025 and April 2026, totaling ₹26,631 Cr. The average registration rate stands at ₹29,650 per sq ft, indicating a healthy market. Lodha leads as the developer with the most transactions (45), while K Raheja Corp leads in gross transaction value (₹224.58 Cr). Peninsula Ashok Towers is a top project by transactions with 20 deals, highlighting significant buyer interest.

Property Rental Trends in Mumbai South, Mumbai

Rental Trends by Unit Type

The rental market in Mumbai South shows a clear progression in pricing based on BHK configurations. Studio apartments average ₹31,975 per month, while 1 BHK units are priced at ₹58,796 per month. Larger configurations like 2 BHK apartments command ₹1.39 Lakh per month, escalating to ₹6.42 Lakh per month for 6 BHK units, reflecting the demand for expansive living spaces in prime residential properties.

Unit Type Rate (₹)
Studio 31,975
1 Bhk 58,796
2 Bhk 1,39,243
3 Bhk 3,11,887
4 Bhk 4,82,942
5 Bhk 5,62,721
6 Bhk 6,42,500
Rental Trends by Localities

Rental rates across Mumbai South vary significantly by location. Mahalaxmi Racecourse leads with an average rental rate of ₹293 per sq ft, followed closely by Upper Worli at ₹269 per sq ft. Prime areas like Cuffe Parade and Malabar Hill also command high rental values, averaging ₹244 per sq ft and ₹234 per sq ft respectively, showcasing the premium nature of these locales for renters.

Locality Rate (₹/sq.ft) Change %
Mahalaxmi Racecourse 293 -
Upper Worli 269 -5.3
Kamala Mill 261 1.2
Empire Mill 257 1.2
Hatiskar Wadi 252 57.5
Century Mills 249 -
Cuffe Parade 244 10.4
Worli 240 -4.8
Mahalaxmi 237 5.3
Malabar Hill 234 -0.8
Rental Trends by Property Type

Different property types in Mumbai South cater to distinct rental demands. Shops lead with an average rental rate of ₹363 per sq ft, reflecting their commercial value and a notable 25.61% increase. Office spaces are priced at ₹297 per sq ft with a 6.83% rise, while apartments, the most common rental type, average ₹193 per sq ft with a 1.05% increase. Villas also show strong performance with an average of ₹178 per sq ft and a significant 30.88% change.

Property Type Rate (₹/sq.ft) Change %
Shop 363 25.6
Office Space 297 6.8
Villa 178 30.9
Apartment 193 1.1

FAQs about Property Rates in Mumbai South, Mumbai

What is the current average asking price in Mumbai South as of Mar 2026, and how has it changed recently?

As of Mar 2026, the average asking price in Mumbai South stands at ₹46,372 per sq ft. This represents an appreciation of 0.06% from the previous period, indicating a slight upward trend in property values within this micromarket.

How do property rates in Mumbai South compare to the Government Registration Rate as of Mar 2026?

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.

What is the price trend for Mumbai South over the past year, based on quarterly data up to Mar 2026?

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.

How do property prices vary across different neighborhoods within Mumbai South, and which areas are most expensive as of Mar 2026?

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.

What are the average prices for different property types in Mumbai South as of Mar 2026?

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.

How do property prices differ based on the construction status in Mumbai South as of Mar 2026?

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.

Which are the top 3 projects in Mumbai South by transaction volume as of Mar 2026?

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%.

What are the top 3 projects in Mumbai South based on total transaction value as of Mar 2026?

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.

Which developers have recorded the highest number of transactions in Mumbai South as of Mar 2026?

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.

Which developers have generated the highest total transaction value in Mumbai South as of Mar 2026?

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.

What is the average rental rate in Mumbai South as of Mar 2026, and what does the rental yield indicate for investors?

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.

How do rental rates vary across different BHK configurations in Mumbai South as of Mar 2026?

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.

How do rental rates compare across key localities within Mumbai South as of Mar 2026?

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.

What are the top 3 projects in Mumbai South based on current rental rates per sq ft as of Mar 2026?

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.

How do rental rates for different property types compare in Mumbai South as of Mar 2026?

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.

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