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. This gap between the market-driven asking price and the official registration rate is a key metric for buyers to consider when evaluating the total cost of acquisition and tax implications in the locality.

The average rental rate in Mumbai South is ₹193 per sq ft as of September 2026, which has seen a depreciation of 2.03% over the observed period. Investors can note a rental yield of 5.75%, which provides a benchmark for assessing potential income returns relative to the capital investment required for residential assets in this premium micromarket.

Rental rates in Mumbai South scale significantly with unit size, reflecting the premium nature of the micromarket. As of September 2026, monthly rents start at ₹30,000 for a Studio, increasing to ₹60,750 for a 1 BHK, ₹1.36 Lakh for a 2 BHK, ₹3 Lakh for a 3 BHK, ₹5.04 Lakh for a 4 BHK, ₹8.37 Lakh for a 5 BHK, and reaching ₹21.17 Lakh for a 6 BHK unit. This wide range allows tenants and investors to align their budgets and expectations with specific space requirements.

As of September 2026, premium projects such as Oberoi Three Sixty West in Worli lead the market with a rental rate of ₹357 per sq ft, followed by Khatau Mansion in Cumbala Hill at ₹333 per sq ft. Other notable high-rent projects include Lodha Seamont, Summer Ville, and Dev Darshan Annexe, all of which maintain rates above ₹300 per sq ft. These properties are positioned at the top of the market due to their prime locations and luxury amenities.

Property prices in Mumbai South show significant variation across its neighbourhoods. Altamount Road currently commands the highest average asking price at ₹1.35 Lakh per sq ft, having appreciated by 3.31% from the previous period. Other prominent areas include Papanas Wadi at ₹1.21 Lakh per sq ft (stable), Walkeshwar at ₹92,650 per sq ft (depreciated by 2.44%), and Malabar Hill at ₹85,200 per sq ft (depreciated by 10.96%). These differences reflect the varying levels of exclusivity and demand across these established residential pockets.

As of September 2026, Under Construction properties in Mumbai South are priced at an average of ₹51,550 per sq ft, showing an appreciation of 8.33% compared to the previous period. In contrast, Ready To Move properties are available at an average of ₹44,250 per sq ft, which has appreciated by 1.75%. The higher price point for under-construction units often reflects the premium associated with newer, modern specifications and future-ready infrastructure.

Raj Developers and Dosti Group lead the market in terms of transaction volume, each recording 5 transactions as of September 2026. They are followed closely by Kalpataru and Lodha, both with 4 transactions each. These developers represent the most active players in the region, signaling a high level of buyer trust and consistent project delivery in the Mumbai South real estate landscape.

The price trend data for Mumbai South shows a shift from ₹46,350 per sq ft in March 2026 to ₹40,300 per sq ft in June 2026, indicating a downward trajectory in the short term. This cooling trend suggests a period of market adjustment, providing potential buyers with a different entry point compared to the price levels seen earlier in the year.

The rental yield of 5.75% in Mumbai South as of September 2026 serves as a vital indicator for investors to measure the annual rental income relative to the property's purchase price. When combined with the current average asking price of ₹40,300 per sq ft, this yield helps investors determine the efficiency of their capital allocation in a high-value market where property prices are currently undergoing a correction.