Property Rates in Mumbai South, Mumbai 2026

The average asking price in Mumbai South is currently ₹46,350 per sq ft, which sits notably higher than the Government Registration Rate of ₹29,950 per sq ft as of June 2026. This gap often reflects the premium value placed on luxury amenities, prime location, and high-end infrastructure within this exclusive geography.

Property price trends in Mumbai South have shown a mixed trajectory between September 2025 and June 2026. After reaching a peak of ₹29,950 per sq ft in March 2026, the micromarket rate adjusted slightly to ₹29,500 per sq ft by June 2026, suggesting a period of price consolidation following earlier growth phases.

Altamount Road currently leads the micromarket with an average asking price of ₹1.31 Lakh per sq ft, having seen a significant appreciation of 38.64% compared to the previous period. Other high-value neighbourhoods include Marine Lines at ₹99,900 per sq ft and Malabar Hill at ₹95,700 per sq ft, which appreciated by 3.59% over the same timeframe.

The average rental rate in Mumbai South is ₹191 per sq ft as of June 2026, which has seen a minor depreciation of 1.04% compared to the prior period. With a rental yield of 4.94%, the area continues to offer a balanced income potential for investors, particularly when considering the high capital outlay required for property acquisition in this premium region.

Rental rates in Mumbai South scale significantly with unit size, reflecting the luxury nature of the housing stock. As of June 2026, monthly rents start at ₹31,000 for a Studio, rising to ₹1.39 Lakh for a 2 BHK, ₹3.05 Lakh for a 3 BHK, and reaching up to ₹21.17 Lakh for a 6 BHK unit. This wide range caters to diverse tenant profiles, from corporate professionals seeking compact luxury to high-net-worth individuals requiring expansive residences.

Oberoi Three Sixty West in Worli leads the rental market with a rate of ₹357 per sq ft, showing stable pricing with 0% change as of June 2026. Other premium 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 also maintained stable rental rates during this period.

Property prices in Mumbai South vary by asset class, with shops commanding the highest average price of ₹70,200 per sq ft as of June 2026, marking an appreciation of 8.72% over the previous period. In contrast, apartments are priced at an average of ₹41,150 per sq ft, which saw a depreciation of 11.26%, while office spaces are currently valued at ₹40,250 per sq ft, showing a stable appreciation of 0.9%.

As of June 2026, Ready To Move properties in Mumbai South are priced at an average of ₹43,500 per sq ft, reflecting an appreciation of 5.09% compared to the previous period. Under Construction projects are currently averaging ₹47,600 per sq ft, which represents an appreciation of 3.51% over the same timeframe, signaling continued demand for both completed and upcoming inventory.

Kalpataru leads the developer rankings in Mumbai South by transaction value, with a total value of ₹28.36 Cr across 4 transactions as of June 2026. Lodha follows closely with a total value of ₹17.21 Cr across 4 transactions, while Omkar and Dosti Group also maintain significant market presence with transaction values of ₹14.5 Cr and ₹14.09 Cr, respectively.

A rental yield of 4.94% in Mumbai South, as of June 2026, serves as a key indicator for investors to assess the annual income potential relative to the property's capital value. While this yield provides a baseline for rental returns, investors should weigh it against the high entry cost of properties in this micromarket and the potential for long-term capital appreciation in prime locations like Malabar Hill or Worli.

The transaction activity, led by developers like Raj Developers and Dosti Group with 5 transactions each, and Kalpataru and Lodha with 4 transactions each as of June 2026, signals a healthy level of market liquidity. This activity indicates that despite the premium pricing in Mumbai South, there is consistent demand from buyers looking for reputable brands and high-quality residential projects.

Users can leverage this data to compare average asking prices across different neighbourhoods, such as the high-end Altamount Road versus the more established Worli, to identify value-for-money opportunities. By reviewing the appreciation or depreciation percentages for specific property statuses and types, buyers and investors can better time their entry into the market based on current trends observed as of June 2026.

Yes, projects like Kalpataru Prive on Altamount Road have experienced notable growth, with a current rate of ₹1.31 Lakh per sq ft and an appreciation of 39.08% compared to the previous period as of June 2026. Conversely, many established luxury projects have maintained stable pricing, such as Birla Anayu at ₹1.41 Lakh per sq ft, reflecting the long-term price stability often found in premium, well-occupied developments.

As of June 2026, office spaces in Mumbai South command a higher average rental rate of ₹350 per sq ft, which has seen a significant appreciation of 19.19% compared to the previous period. In comparison, residential apartments are currently renting at an average of ₹200 per sq ft, reflecting a more stable growth of 2.07% over the same timeframe.