Property Rates in Mumbai South, Mumbai

Mumbai South's real estate market continues to be a premium and active investment destination, characterized by high asking prices and significant transaction volumes. The current asking price stands at ₹45,923 per sq ft, while the registered rate is ₹29,645 per sq ft, indicating a premium on listed properties. Quarterly price trends show some volatility; the micromarket rate saw a notable increase from ₹28,250 per sq ft in Mar 2025 to ₹29,645 per sq ft by Dec 2025, albeit with a dip in Jun 2025. Areas like Girgaon, Walkeshwar, and Marine Lines are leading the luxury segment, with average rates soaring to over ₹1 Lakh per sq ft and experiencing substantial appreciation, particularly Girgaon with a 160.3% change. In terms of property types, shops command the highest average price at ₹64,652 per sq ft, followed by apartments at ₹45,923 per sq ft, while office spaces offer a more accessible entry point at ₹39,382 per sq ft. The market is predominantly 'Ready To Move,' with 2,827 units available, though 'Under Construction' projects also contribute significantly to the supply. Government records highlight a vibrant market, with 9,976 property transactions totaling an impressive ₹ 28,811 Cr within the last year, reflecting strong buyer confidence. Developers like Lodha and K Raheja Corp are not only active in terms of transaction count but also in generating high transaction values, shaping the market's premium offerings. Projects such as Peninsula Ashok Towers and L&T Crescent Bay are among the most transacted, while Kalpataru Azuro and Lodha Malabar lead in asking prices, showcasing the luxury segment's continued appeal.