Property Rates in Mumbai South, Mumbai 2026

The average asking price in Mumbai South is currently ₹40,300 per sq ft, which is notably higher than the Government Registration Rate of ₹29,500 per sq ft as of June 2026. This gap between the market-driven asking price and the government-benchmarked registration rate is a critical factor for buyers to consider when calculating total acquisition costs and stamp duty liabilities.

The price trend in Mumbai South has shown volatility, with the average rate moving from ₹46,350 per sq ft in March 2026 to ₹40,300 per sq ft in June 2026. While prices remained stable at ₹46,350 per sq ft between December 2025 and March 2026, the subsequent decline suggests a softening of demand or an adjustment in inventory pricing in the most recent quarter.

Property rates in Mumbai South vary significantly by neighbourhood, with Altamount Road commanding the highest average asking price at ₹1.35 Lakh per sq ft, having appreciated by 3.31% as of June 2026. In contrast, areas like Malabar Hill show an average asking price of ₹85,200 per sq ft, which has seen a depreciation of 10.96% compared to the previous period. Other prominent areas like Worli and Cuffe Parade are priced at ₹66,300 per sq ft and ₹67,250 per sq ft, respectively, both experiencing downward price adjustments.

As of June 2026, Mumbai South offers a rental yield of 5.75%, calculated against an average rental rate of ₹193 per sq ft. For investors, this yield represents the annual rental income relative to the capital investment, providing a benchmark for assessing the income-generating potential of residential assets in this high-value market.

Rental rates in Mumbai South scale significantly with unit size, starting from ₹30,000 per month for a Studio apartment. As of June 2026, 1 BHK units average ₹60,750 per month, while 2 BHK and 3 BHK units command average monthly rents of ₹1.36 Lakh and ₹3 Lakh, respectively. For larger luxury requirements, 4 BHK, 5 BHK, and 6 BHK units are priced at approximately ₹5.04 Lakh, ₹8.37 Lakh, and ₹21.17 Lakh per month, reflecting the diverse tenant profiles in the region.

Premium projects in Mumbai South lead the rental market, with Oberoi Three Sixty West in Worli commanding the highest current rental rate of ₹357 per sq ft as of June 2026. Other top-tier rental projects include Khatau Mansion in Cumbala Hill at ₹333 per sq ft and Lodha Seamont in Malabar Hill at ₹319 per sq ft. These properties consistently attract high rents due to their luxury amenities and prime locations, maintaining their position as preferred choices for high-net-worth tenants.

As of June 2026, Ready To Move properties in Mumbai South are priced at an average of ₹44,250 per sq ft, showing an appreciation of 1.75%. Conversely, Under Construction projects are currently priced at ₹51,550 per sq ft, having appreciated by 8.33% over the observed period. This price difference often reflects the premium buyers are willing to pay for newer, modern project specifications despite the wait time for possession.

Kalpataru and Lodha are among the top developers in Mumbai South by transaction value as of June 2026, with Kalpataru recording a total transaction value of ₹28.36 Cr and Lodha recording ₹17.21 Cr. Other significant contributors to the market's transaction volume include Omkar and Dosti Group, which highlights the strong market presence and buyer trust commanded by these established real estate brands in the region.

The depreciation of 13.13% in the average asking price of apartments in Mumbai South as of June 2026 indicates a market correction, likely driven by a shift in supply-demand dynamics or a recalibration of listing prices by sellers. Buyers should interpret this as a potential window for negotiation, while investors should analyze whether this trend represents a temporary dip or a broader shift in the luxury real estate cycle before committing to long-term capital investments.