Property Rates in Mumbra, Thane

Mumbra's real estate market primarily caters to residential preferences, with apartments being the dominant property type. Apartments in the area are currently priced at an average of ₹12,712 per sq ft. This segment reflects the overall market trends and serves as a key indicator for residential property values in Mumbra.

The Mumbra market offers properties across various development stages, catering to different buyer timelines and investment strategies. Ready To Move inventory is the most prevalent, accounting for 104 units at an average price of ₹7,852 per sq ft, showing a 13.37% increase. Under Construction projects provide 23 opportunities at ₹7,928 per sq ft, with a 12.92% rise, appealing to those seeking future possession. Notably, Partially Ready To Move projects, though fewer in number (2 units), recorded the highest price appreciation at 26.2%, averaging ₹11,984 per sq ft.

Property rates across Mumbra's sub-localities exhibit a wide range, reflecting diverse market dynamics. Jambli Naka commands the highest average rate at ₹20,971 per sq ft, while Kalwa also stands strong at ₹18,182 per sq ft. Kausa, at ₹12,752 per sq ft, has shown exceptional growth with a 151.02% increase. Conversely, Vitawa experienced a decline, with its average rate at ₹11,462 per sq ft, a -17.6% change. Diva offers properties at ₹10,782 per sq ft, showing a healthy 14.86% rise, while Padle remains stable at ₹9,941 per sq ft.

In Mumbra's residential rental market, a 1 BHK apartment currently commands an average rent of ₹13,667 per month. This rate reflects the demand for smaller, more affordable living spaces within the apartment segment, catering to individuals or small families.

Rental rates vary across Mumbra's sub-localities, offering diverse options for tenants. Anjur leads with the highest average rental rate at ₹66 per sq ft, followed closely by Tembhi Naka at ₹64 per sq ft. Charai and Balkum Pada experienced slight declines in rental rates, at -7.69% and -1.69% respectively, while Shilphata saw an 8.57% increase, reaching ₹38 per sq ft. Kalwa and Thane East both maintain an average rental rate of ₹55 per sq ft.