Property Rates in Nagpada, Mumbai 2026

As of March 2026, the average asking price in Nagpada stands at ₹35,100 per sq ft, while the Government Registration Rate is recorded at ₹16,050 per sq ft. This gap between the market-driven asking price and the government-notified rate is a key metric for buyers to consider when evaluating the total cost of acquisition and potential stamp duty implications.

Property rates in Nagpada have shown a volatile trajectory, with the average asking price recorded at ₹35,100 per sq ft in March 2026, compared to ₹39,800 per sq ft in December 2025 and ₹34,000 per sq ft in September 2025. This fluctuation suggests a dynamic market environment where price discovery is actively occurring, influenced by shifting supply and buyer sentiment.

As of March 2026, Ready To Move properties in Nagpada are priced at an average of ₹26,300 per sq ft, having depreciated by 3.64% over the observed period. In contrast, Under Construction projects are priced higher at ₹27,600 per sq ft, reflecting an appreciation of 6.69% during the same timeframe, which may signal stronger demand or premium positioning for newer developments.

The average rental yield in Nagpada is 6.09% as of March 2026, with an average rental rate of ₹178 per sq ft. A rental yield of this level provides a clear indicator of the potential recurring income an investor can expect relative to the capital invested in residential property, serving as a useful benchmark for those prioritizing rental returns over pure capital appreciation.

As of March 2026, a 2 BHK apartment in Nagpada commands an average rent of ₹68,500 per month. This rental rate provides a stable entry point for tenants looking for residential space in the locality and serves as a primary data point for landlords assessing the income potential of their 2 BHK assets.

As of March 2026, the top projects by rental rates in Nagpada include Tamir Tower 52 at ₹178 per sq ft, followed by Nirban Bismillah Castle at ₹112 per sq ft, and Nirban Bismillah Residency at ₹104 per sq ft. These projects represent the premium segment of the rental market, where rates have remained stable with a 0% change, indicating consistent demand for these specific developments.

Rental rates vary significantly across the vicinity of Nagpada, with areas like Byculla and Jacob Circle commanding higher rates of ₹200 per sq ft as of March 2026. Conversely, areas such as Tadwadi and Mazgaon offer more accessible rental options at ₹100 per sq ft, with Mazgaon showing an appreciation of 5.41% compared to previous periods, highlighting the diverse rental landscape surrounding the Nagpada micromarket.

Transaction activity in Nagpada, as seen in projects like Nirban Bismillah Castle and Sterling Apartment, provides insight into the liquidity and popularity of specific developments. With 46 registered transactions recorded between June 2025 and May 2026, the data indicates a steady, albeit selective, interest from buyers, which can help prospective investors identify projects that maintain consistent market movement.

Property rates in the vicinity of Nagpada show a wide range, with Grant Road reaching ₹55,700 per sq ft (an appreciation of 16.55%) and Girgaon reaching ₹1.16 Lakh per sq ft (an appreciation of 49.22%) as of March 2026. These figures demonstrate that Nagpada, with its average of ₹35,100 per sq ft, sits within a broader urban corridor where surrounding localities often command a significant price premium due to their specific connectivity and development profiles.